{"id":145119,"date":"2025-02-17T14:29:23","date_gmt":"2025-02-17T08:59:23","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145119"},"modified":"2025-02-17T14:31:24","modified_gmt":"2025-02-17T09:01:24","slug":"water-treatment-stock-crashes-14-after-pgim-india-sold-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/water-treatment-stock-crashes-14-after-pgim-india-sold-stake-in-the-company\/","title":{"rendered":"Water treatment stock crashes 14% after PGIM India sold stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1376918021\"><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 this microcap stock engaged in providing comprehensive water treatment solutions, plunged 14 percent intraday after PGIM India sold a 0.77% stake worth ~Rs 8.47 crore.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2917578650\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action<\/strong><\/h2><p>With a market capitalization of Rs 971.27 crore, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/CEWATER\" target=\"_blank\" rel=\"noreferrer noopener\">Concord Enviro Systems Ltd<\/a><\/strong> plunged 14 percent in Monday\u2019s trading session and made an intraday low of Rs 451 per share compared to its previous closing price of Rs 523.05 per share. The stock retraced from its day\u2019s low and was trading at Rs 458 which is 12.4 percent lower than the previous closing price.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>The shares of Concord Enviro Systems Ltd fell following a major bulk deal where PGIM India Equity Growth Opportunities Fund Series I sold a 0.77 percent stake or 1.6 lakh equity shares at an average price of Rs 529.9 per share. The transaction is worth approximately Rs 8.47 crore.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials<\/strong><\/h2><p>Concord Enviro\u2019s total income fell by 4.3 percent from Rs 129.6 crore to Rs 124 crore in Q3FY25. On a quarter-on-quarter basis, the income fell by 24 percent from Rs 163.5 crore. The company reported a net loss of Rs 8.6 crore in Q3FY25. The net profits stood at Rs 17.6 crore for Q2 FY25.<\/p><div class=\"trade-content_5\" id=\"trade-60255316\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview<\/strong><\/h2><p>Concord Enviro Systems Ltd, a leading ZLD (Zero Liquid Discharge) solutions provider in India with a market share of 43.4 percent (Fiscal year 2024) is an integrated provider of water and wastewater treatment. The company\u2019s focus is on reducing the operational costs and carbon footprint of ZLD. They have been awarded with 4 patents and 9 additional patent applications till date.<\/p><p>The company has established its presence with 289 domestic customers and 21 international customers across 14 countries. As of 9MFY25, about 62 percent of the company\u2019s revenue comes from domestic clients while the remaining 38 percent comes from export clients.<\/p><p>Concord\u2019s order book stands at Rs 546 crore, out of which domestic orders contribute to 55 percent of the total amount. The company has an active domestic pipeline of Rs 800 crore and an international pipeline of Rs 350 crore.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shwetha Sairam<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><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-4053380633\"><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 this microcap stock engaged in providing comprehensive water treatment solutions, plunged 14 percent intraday after PGIM India sold a 0.77% stake worth ~Rs 8.47 crore. Price Action With a market capitalization of Rs 971.27 crore, Concord Enviro Systems Ltd plunged 14 percent in Monday\u2019s trading session and made an intraday low of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":122523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[27112,27113,27114,948,936,2597,27111],"class_list":["post-145119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-concord-enviro-systems","tag-concord-enviro-systems-news","tag-concord-enviro-systems-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch","tag-water-treatment-stock"],"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>Water treatment stock crashes 14% after PGIM India sold stake in the company - 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