Bulk deals: Apollo Pipes Limited picks up 0.5% stake in Kisan Mouldings

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The following bulk deals took place on both exchanges on February 24.

Sampann Utpadan India 
Antara India Evergreen Fund Ltd (FPI) purchased 9.33 lakh shares (2.3 percent stake) of the company at Rs 29.96 per share. On the other hand, Davos International Fund offloaded 9.5 lakh shares (2.34 percent stake) at the same price of Rs 29.96 per share.  For Q3FY25, the company reported a 58 percent YoY increase to Rs 27.23 crore. Net profit for the same period grew 295 percent YoY to Rs 1.2 crore. The stock has gained around 46 percent over the last one year and around 82 percent since listing in 2023. The Vadodara-based company is engaged in the manufacturing and distribution of non-Conventional Energy and Reclaimed Rubber.

Kisan Mouldings

Apollo Pipes Limited picked up 6 lakh shares (0.5 percent stake) of the company at Rs 48.11 per share.  The Mumbai-based company, Kisan Mouldings, is a key player in the manufacturing of plastic products and piping solutions. The stock closed 0.6 percent higher at Rs 48.95. For Q3FY25, Kisan Mouldings reported a 2.85 percent YoY increase in revenue to Rs 70.45 crore. On the other hand, net profit jumped 102.35 percent YoY to Rs 0.39 crore. The stock has gained around 32 percent over the last one year and around 270 percent over the last five years.