Craftsman Automation Ltd (CRAFTSMAN)

Craftsman Automation Ltd sees increase in FII/FPI and DII holding - 06 Jul, 2024

In Q1FY25, Craftsman Automation Limited saw an increase in FII/FPI and DII holding. The precision components manufacturer reported a 12.75% growth in revenue from operations accompanied by profits of Rs. 70.53 Crores.

Craftsman Automation Acquires 24% Equity Stake in DR Axion India - 01 Jul, 2024

Craftsman Automation has completed the acquisition of a 24% equity stake in DR Axion India Private Limited, making it a wholly-owned subsidiary of the company. No financial details were disclosed.

Craftsman Automation to Acquire Sunbeam Lightweighting Solutions - 25 Jun, 2024

Craftsman Automation has signed an MoU with Sunbeam Lightweighting Solutions and Kedaara Capital Fund II LLP to potentially acquire all or part of Sunbeam's business. The company raised Rs 1,200 crore through the issuance of equity shares and intends to use the net proceeds for repayment/pre-payment of outstanding borrowings, acquisition of additional equity shares of its subsidiary DR Axion, and general corporate purposes.

Craftsman Automation Signs MoU for Acquisition - 24 Jun, 2024

Craftsman Automation has approved the allotment of equity shares to qualified institutional buyers and signed an MoU for acquiring Sunbeam Lightweighting Solutions' business.

Craftsman Automation Closes QIP Issue - 22 Jun, 2024

Craftsman Automation has closed its QIP issue, with 27,27,272 equity shares allotted to qualified institutional buyers at a price of Rs.4,400 per share, including a premium of Rs.4,395 per share.

Craftsman Automation Launches QIP to Raise Funds - 19 Jun, 2024

Craftsman Automation launches QIP to raise up to Rs 1,200 crore with a floor price of Rs 4,426.11 per share. The stock may offer a discount of not more than 5%. The company reported a consolidated net profit drop of 12.1% YoY in March quarter.

Craftsman Automation Initiates QIP to Raise Funds - 18 Jun, 2024

Craftsman Automation has approved and initiated a Qualified Institutional Placement (QIP) to raise Rs 1,200 crore at a discount of about 7% from Tuesday's closing price. The company plans to use the funds for expansion, including setting up a greenfield plant in Rajasthan. Shares closed at Rs 4,768.45 on June 18.

Craftsman Automation Records Surge in Volume and Stock Price - 14 Jun, 2024

Craftsman Automation Ltd saw a significant increase in trading volume, with 3.29 lakh shares traded on the NSE, representing a 6.09 times surge over the two-week average daily volume of 54,077 shares. The stock also gained 6.93% to reach Rs.4,723.60.

Craftsman Automation Ltd Shows Promising Growth Outlook - 12 Jun, 2024

Craftsman Automation Ltd's management has indicated a promising upward trajectory for the aluminium die-casting business, with robust growth observed in the aluminium products segment. Recent acquisition by CAL is driving accelerated expansion in the aluminium sector. The company maintains its leadership position and recommends including CAL in a long-term investment portfolio.