Vishal Fabrics reported a 13% increase in profit, reaching Rs 28.84 crore in FY25, overcoming global challenges. The Chiripal Group company's total income also rose by 5% to Rs 1,521.43 crore. The company's CFO, Dharmesh Dattani, attributed this growth to a focus on efficiency, quality, and customer satisfaction, while strengthening its market presence through sustainable manufacturing and digital transformation.
Nomura has sold its entire 1.07% stake in Vishal Fabrics on Wednesday for Rs 6 crore via a block deal. The stock was sold at a price of Rs 28.46 apiece which was up from Tuesday closing price of Rs 27.91 on the BSE.
Q1 results today: At least 30 companies including ICICI Bank, Dr Reddy’s Lab, MCX, Finolex Industries, Punjab National Bank, IDFC First Bank, Jaiprakash Ventures, SBFC Finance, and Transport Corporation of India will declare their FY25 earnings on July 27.
Concord Biotech Ltd., Tara Chand Logistic, AB Cotspin India, Flexituff Ventures and IRIS Business Servic, hit their fresh 52-week highs during the day.
A small positive candle formed on the daily chart with minor upper and lower shadows. Technically, this indicates a side-by-side bull candle type pattern