Tilaknagar Industries share price: The company posted a 121 percent jump in net profit to Rs 88.5 crore for Q1FY26, driven by strong sales growth and improved margins
Stocks to Watch, 30 July: Stocks like Indiqube Spaces, GNG Electronics, Dilip Buildcon, GMR Airports, Ask Automotive, GE Vernova T&D India, International Gemmological Institute India, Bank of India, and Larsen & Toubro will be in focus on July 30.
At close, the Sensex was down 542.47 points or 0.66 percent at 82,184.17, and the Nifty was down 157.80 points or 0.63 percent at 25,062.10. About 1564 shares advanced, 2324 shares declined, and 155 shares were unchanged.
Stocks to Watch, 24 July: Stccks like Infosys, Dr Reddys Laboratories, Tata Consumer Products, Cigniti Technologies, Force Motors, Natco Pharma, IndusInd Bank, BEML, and Tilaknagar Industries will be in focus on July 24.
Pernod Ricard said the sale will enable it to fully tap into premiumization trends and support sustainable growth
On July 7, Moneycontrol was the first to report that Tilaknagar Industries had edged ahead of other suitors and entered exclusive negotiations for the proposed buyout of Imperial Blue whiskey owned by French liquor giant Pernod Ricard
The fund raise may be done in one or more tranches through the permitted routes such as a public offer, rights issue, private placement, preferential allotment, Qualified Institutional Placement (QIP), or a combination of these.
Through the Imperial Blue sale process, Pernod Ricard can focus on higher-margin, premium brands like Glenlivet, Jameson, and Chivas Regal.
The French-owned Imperial Blue whisky brand is projected to have an enterprise value of $600 million
Tilaknagar Industries has been manufacturing, marketing and selling whiskey, gin and brandy under the 'Mansion House' and 'Savoy Club' trademarks in India since 1983.
With the sale process of Imperial Blue, French liquor major Pernod Ricard can focus on higher-margin, premium brands such as Glenlivet, Chivas Regal, and Jameson
Monarch Legacy Edition is the only 100% pure grape brandy made from Indian and French grape spirits, says Tilaknagar Industries
Stocks like Godavari Biorefineries, Gujarat Themis Biosyn, AstraZeneca Pharma, GVK Power and Infrastructure, GMR Airports Infrastructure, and Tilaknagar Industries will also be in focus on November 19.
The strong quarterly earnings led to sharp uptick in the shares of Tilaknagar Industries with the counter rising 16.61 percent.
Stocks like Alembic Pharmaceuticals, Dalmia Bharat, Electronics Mart India, Goblin India, Tierra Agrotech, Genesys International Corporation, Mufin Green Finance, and Tilaknagar Industries will also be in focus on Muhurat Trading Day of Samvat 2081.
Overall, the market trend is expected to remain positive despite occasional consolidation. Here are some trading ideas for the near term.