{"id":128280,"date":"2024-07-10T16:36:20","date_gmt":"2024-07-10T11:06:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=128280"},"modified":"2024-07-10T16:36:25","modified_gmt":"2024-07-10T11:06:25","slug":"smallcap-stock-jumps-3-after-company-announces-to-buyback-237837-shares","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-company-announces-to-buyback-237837-shares\/","title":{"rendered":"Smallcap stock jumps 3% after company announces to buyback 2,37,837 shares"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2926806589\"><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 share price of this watches and accessories firm surged by 3 percent to an intraday high of Rs 3,399.00 per share after announcing a buyback of 2,37,837 equity shares through a tender route.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-531968260\"><!-- 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><h3 class=\"wp-block-heading\"><strong>Share Price Movement<\/strong><\/h3><p>With a market capitalization of Rs 4,215.97 crores, the shares of KDDL Limited surged by 0.13 percent and closed at Rs 3,310.00 apiece on Wednesday. The shares of this company generated a multibagger return of 126.48 percent over the past year and 20.39 percent over the past 6 months.<\/p><h3 class=\"wp-block-heading\"><strong>What Happened<\/strong><\/h3><p>According to KDDL Limited\u2019s stock exchange filings, the firm has announced the buyback of up to 2,37,837 equity shares or 1.90 percent stake with a face value of Rs 10 per share at a buyback price of Rs 3,700 per share. The buyback is done through a tender offer route and is payable in cash for an aggregate amount not exceeding Rs 88 crores.<\/p><h3 class=\"wp-block-heading\"><strong>Financials<\/strong><\/h3><p>Reviewing the financials of KDDL Limited on a year-on-year basis, the revenues declined by 24.3 percent from Rs 1,119 crores in FY23 to Rs 1,391 crores in FY24. In the same time frame, the net profits increased from Rs 77 crores to Rs 137 crores, demonstrating a 78 percent increase.<\/p><div class=\"trade-content_5\" id=\"trade-3688839552\"><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><h3 class=\"wp-block-heading\"><strong>Ratios<\/strong><\/h3><p>In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 14 percent and a return on capital employed (ROCE) of 16.10 percent. It has also reported a debt-to-equity ratio of 0.14 times for the same period.<\/p><h3 class=\"wp-block-heading\"><strong>Shareholding Pattern<\/strong><\/h3><p>As of March 2024, the firm\u2019s shareholding pattern stood at 50.21 percent for promoters, 36.39 percent for the public, 11.46 percent for foreign institutional investors, and 1.63 percent for domestic institutional investors.<\/p><h3 class=\"wp-block-heading\"><strong>Manufacturing Facilities<\/strong><\/h3><p>KDDL Limited has manufacturing facilities at Pawanoo (Himachal Pradesh), Derabassi (Punjab), and Bangalore (Karnataka).<\/p><h3 class=\"wp-block-heading\"><strong>About the Company<\/strong><\/h3><p>Incorporated in 1981, KDDL manufactures watch components like dials, hands, and precision engineering goods under the brand name, Eigen. Its Others segment is engaged in the manufacturing and distribution of packaging boxes. The Company also manages the retail chain of luxury Swiss watches in the organized sector through its subsidiary, Ethos Limited.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Zahal<\/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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-1536491651\"><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 share price of this watches and accessories firm surged by 3 percent to an intraday high of Rs 3,399.00 per share after announcing a buyback of 2,37,837 equity shares through a tender route. Share Price Movement With a market capitalization of Rs 4,215.97 crores, the shares of KDDL Limited surged by 0.13 percent and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":76383,"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":[20389,5552,14406,14405,948,936,2597],"class_list":["post-128280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-buyback","tag-kddl","tag-kddl-latest-news","tag-kddl-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smallcap stock jumps 3% after company announces to buyback 2,37,837 shares - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share price of this watches and accessories firm surged by 3 percent to an intraday high of Rs 3,399.00 per share after announcing a buyback of 2,37,837 equity shares through a tender route.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-company-announces-to-buyback-237837-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock jumps 3% after company announces to buyback 2,37,837 shares\" \/>\n<meta property=\"og:description\" content=\"The share price of this watches and accessories firm surged by 3 percent to an intraday high of Rs 3,399.00 per share after announcing a buyback of 2,37,837 equity shares through a tender route.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-company-announces-to-buyback-237837-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-10T11:06:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-10T11:06:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/Luxury-Watch.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-company-announces-to-buyback-237837-shares\/\",\"url\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-company-announces-to-buyback-237837-shares\/\",\"name\":\"Smallcap stock jumps 3% after company announces to buyback 2,37,837 shares - 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