Home appliances and consumer electronic stock gained 2.5% to an intraday high price of ₹3,899 per share after the company board approved the raising of funds on a preferential basis.
On Tuesday, Aditya Vision Ltd shares closed at ₹3,800 per share, down 0.92 percent from the previous close price on the exchange. The company has a market capitalization of ₹4,571 crore.
According to the exchange filing, The company board has approved the raising of funds through issuance of equity shares up to 7,90,405 equity shares of face value ₹ 10/- each of the Company on preferential basis at a price of ₹ 3,573.17 per share as against floor price of ₹ 3,573.16 per share for an aggregate amount of up to ₹ 282 crores subject to the statutory/regulatory/contractual approvals and the shareholders of the Company
The company’s revenue has increased by 20 percent year on year, from ₹259 crore in Q2FY23 to ₹313 crore in Q2FY24. During the same period, Net profit has marginally declined by 15% from ₹11.35 crores to ₹9.63 crores.
Aditya Vision Ltd shares have gained 58 percent in the last six months and 164 percent in a year. For example, a shareholder investment of ₹1 lakh in the company a year ago, would be worth ₹2.64 lakhs.
The company has more than 50% market share in state of Bihar as per Crisil Report
Aditya Vision Ltd is engaged in the trading of electronic items and is a service-oriented electronic retail chain in Bihar dealing in consumer durables of all kinds.
The Company sells over 10,000 products ranging from digital gadgets like mobile phones, laptops, and tablets to entertainment solutions like televisions, sound bars, home theatres, cameras and many others
As per the shareholding data available for December 2023, Ace Investor Ashish Kacholia holds a 1.99 percent stake, which is equivalent to 2,39,506 equity shares of the company.
Written by Omkar Chitnis
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