{"id":114303,"date":"2023-11-24T11:09:37","date_gmt":"2023-11-24T05:39:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114303"},"modified":"2023-11-24T11:09:43","modified_gmt":"2023-11-24T05:39:43","slug":"alcohol-stock-in-red-after-after-promoter-sells-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/alcohol-stock-in-red-after-after-promoter-sells-stake-in-the-company\/","title":{"rendered":"Alcohol stock in red after after promoter sells stake in the company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-219822372\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the Leading Indian-Made Foreign Liquor (IMFL) manufacturer rose up to 2 percent of Rs 268 per share a day after the company promoter sold a stake of 1.56 percent in the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2771804276\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 10:48 a.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/CDSL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tilaknagar Industries Ltd<\/a><\/strong> shares were trading at a price of Rs 265.60 a share, up 1.32 percent on the National Stock Exchange from the previous close price. The company has a market capitalization of Rs 5,101 crore.\u00a0<\/p><p>According to the company\u2019s exchange filing, Mr. Amit Dahanukar, Promoter of the Company sold 30,00,000 equity shares of the Company on November 23, 2023, representing 1.56 percent of the total paid-up capital of the Company, for the purpose of releasing the pledge on the Promoters&#8217; equity shares.&nbsp;<\/p><p>Tilaknagar Industries Ltd shares have delivered a 75 percent return in the last six months and 166 percent in the last year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.66 lakh in a year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2031083848\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenue has increased by 29 percent yearly, from Rs 274 crore in Q2FY23 to Rs 354 crore in Q2FY24. In the same time frame, the company\u2019s net profit has significantly increased by 185 percent, from Rs 13 crore to Rs 37 crore.&nbsp;<\/p><p>According to the latest shareholding pattern, company promoters hold 41.97 percent of the company, Foreign Institutional Investors hold 11.33 percent, and retail investors hold 46.69 percent stake.&nbsp;<\/p><p>Tilaknagar Industries Ltd. is mainly engaged in the business of manufacturing and sale of Indian Made Foreign Liquor (IMFL). The company has a diverse portfolio of brands in various liquor categories including brandy, whisky, vodka, gin, and rum.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1241494252\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the Leading Indian-Made Foreign Liquor (IMFL) manufacturer rose up to 2 percent of Rs 268 per share a day after the company promoter sold a stake of 1.56 percent in the company.&nbsp; At 10:48 a.m., Tilaknagar Industries Ltd shares were trading at a price of Rs 265.60 a share, up 1.32 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":107409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,13968,14646,10825],"class_list":["post-114303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-tilaknagar-industries-latest-news","tag-tilaknagar-industries-promoter-sells-stake","tag-tilaknagar-industries-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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