Gravita India Ltd

(GRAVITA)

Gravita India Board Approves Fundraising Initiative - 07 Oct, 2024

Gravita India's board has approved a plan to raise up to ₹1,000 crore through the issuance of equity shares, alongside new board appointments.

Gravita India Announces Fundraising and Leadership Changes - 04 Oct, 2024

Gravita India plans to raise up to Rs 1,000 crore through various funding methods. Key leadership changes include Sunil Kansal as Whole Time Director and Rajat Agrawal as Chairman cum Managing Director.

Gravita India Initiates Coverage with Buy Recommendation - 27 Sep, 2024

Gravita India, a leading recycling company, is initiating coverage with a buy recommendation and a target price of Rs 3,000, capitalizing on growth in the recycling industry and sustainability trends.

Gravita India Receives Bullish Ratings from Brokerages - 25 Sep, 2024

Gravita India Ltd shows strong financial performance with Q2 income growth. Brokerages Motilal Oswal and Axis Securities assign bullish ratings, with target prices of Rs 2,900 and Rs 3,000, respectively, highlighting growth potential in the recycling sector.

Gravita India Reports Strong Q1FY25 Performance - 21 Sep, 2024

Gravita India Limited's share price closed at Rs.2,476.65, down 1.42%. The company reported a 29.2% increase in revenue and a 28.3% rise in net profits year-on-year for Q1FY25, with ROCE at 27.9% and ROE at 33.7%.

ICICI Securities Raises Target Price for Gravita India - 17 Sep, 2024

Gravita India shares surged 170% in four months, prompting ICICI Securities to raise the target price to ₹3,265, citing regulatory support and expansion plans as growth drivers.

Gravita India Hits New High Amid Regulatory Boost - 16 Sep, 2024

Gravita India Ltd's stock reached a 52-week high due to favorable regulatory changes enhancing the recycling market. Analysts predict continued growth, with a target price of ₹3,265, reflecting strong future earnings potential.

Gravita India Reports Growth and Expands European Operations - 13 Sep, 2024

Gravita India shares surged after acquiring a recycling plant in Europe. Emkay Global set a target price of Rs 2,700, while Q1FY25 revenue grew 5%, despite a slight decline in net profit.

Gravita India Expands with European Recycling Facility - 11 Sep, 2024

Gravita India Ltd's subsidiary signed a MoU to acquire a waste tyre recycling plant in Romania, investing Rs 32 crore. This marks their first European facility, enhancing their recycling operations and market presence.

Gravita India Reports Strong Growth and Future Targets - 10 Sep, 2024

Gravita India Limited has shown impressive growth, with a net profit CAGR of 59.92% over four years. Revenue increased by 12.86% in FY24, reaching ₹3,160.75 crore. The company aims for 25% volume growth and 35% profitability growth in the next 3-4 years, while increasing non-lead business revenue share to over 30%.