Bharat Global Developers Ltd Share Price – BSE

IT - Hardware, Small Cap

Bharat Global Developers announced that the suspension of trading in equity shares of Bharat Global Developers (Formerly Known as Kkrrafton Developers) has been revoked from today i.e. 11 April 2024.

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The headline equity indices traded with significant losses in the early-afternoon trade, tracking a massive sell-off in U.S. markets triggered by U.S. President Donald Trump's reciprocal tariff announcement, which heightened concerns about a potential recession. The Nifty traded below the 23,000 level. IT shares extended losses for the second consecutive trading session.

At 12:28 IST, the barometer index, the S&P BSE Sensex, tanked 684.71 points or 0.89% to 75,613.47. The Nifty 50 index dropped 259.95 points or 1.12% to 22,990.15.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slumped 2.75% and the S&P BSE Small-Cap index declined 2.98%.

The market breadth was weak. On the BSE, 1,003 shares rose and 2,748 shares fell. A total of 152 shares were unchanged.

Economy:

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February but was higher than a preliminary estimate that showed a fall to 57.7. However, it remained comfortably ahead of the 50-mark separating contraction from growth.

The HSBC India Composite PMI, which included robust manufacturing growth, rose to a seven-month high of 59.5 in March from February's 58.8, reflecting stronger overall private sector growth. Manufacturing growth outpaced services, but both sectors saw moderating employment growth and business confidence.

Pranjul Bhandari, chief India economist at HSBC, said, India recorded a 58.5 services PMI in March 2025, softening slightly from the month prior. Domestic and international demand remained fairly buoyant, despite being sequentially a tick lower than the month before. Meanwhile, job creation and charge inflation both cooled during March. Looking ahead, business sentiment remains generally positive, but intensifying competition presents a significant challenge to many survey participants.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.79% to 13.71. The Nifty 24 April 2025 futures were trading at 23,045.90 at a premium of 55.75 points as compared with the spot at 22,990.15

The Nifty option chain for the 24 April 2025 expiry showed a maximum call OI of 49.2 lakh contracts at the 23,500 strike price. Maximum put OI of 45.4 lakh contracts was seen at 23,500 strike price.

Buzzing Index:

The Nifty IT index dropped 3.07% to 33,691.20. The index tumbled 7.12% in two consecutive trading sessions.

Coforge (down 6.17%), Persistent Systems (down 6.02%), Mphasis (down 4.38%), LTIMindtree (down 4.27%), Wipro (down 3.41%), Tech Mahindra (down 3.01%), HCL Technologies (down 2.69%), Tata Consultancy Services (down 2.42%), Infosys (down 2.32%) and Oracle Financial Services Software (down 1.19%) declined.

Stocks in Spotlight:

Bharat Global Developers hit a lower circuit of 5% after the company informed that Mohsin Shaikh has tendered his resignation from the position of chief executive officer (CEO) of the company, effective from 03 April 2025.

L&T Finance declined 1.16% after the firm announced that its retail disbursements for Q4 FY25 were Rs 14,870 crore, registering a degrowth of 1.16% compared to Rs 14,531 crore recorded in Q4 FY24.

Powered by Capital Market - Live News

According to an exchange filing, Mohsin Shaikh resigned from his position as chief executive officer due to personal and unavoidable circumstances. The filing also clarified that there are no material reasons behind his resignation.

Meanwhile, the company?s board of directors has approved the appointment of Tahir Mustufa Masalawala as an additional director (executive), effective from the same date.

Masalawala brings eight years of professional experience in architecture, with expertise in design and engineering, particularly in working drawings for structural engineers. Currently serving as a senior architect at A7 Architects, he has played a key role in executing over 85 projects, demonstrating strong leadership and versatility.

Additionally, the company?s board has also approved the appointment of Niyati Vaishnav Ambani as an additional director, designated as non-executive independent director, with effect from 3 April 2025

Ambani is a dynamic banking and finance professional with over 25 years of experience. She is the founder of T3 Group of Companies, specializing in business and financial consultancy, catering to SMEs, infrastructure, and real estate sectors in both domestic and international markets. She also operates a trade tour company supporting MSMEs and corporates.

Bharat Global Developers (formerly known as Kkrrafton Developers) specializes in sourcing, importing, and exporting a wide array of products spanning industries such as textile, agriculture, consumer goods, and beyond.

The company?s standalone net profit surged 189.6% to Rs 1.39 crore in Q3 FY25, compared to Rs 0.48 crore posted in Q3 FY24. Revenue from operations rose to Rs 276.03 crore in Q3 FY25, up from Rs 1.05 crore recorded in the same period a year ago.

Powered by Capital Market - Live News

The headline equity indices traded with significant losses in the early-afternoon trade, tracking a massive sell-off in U.S. markets triggered by U.S. President Donald Trump's reciprocal tariff announcement, which heightened concerns about a potential recession. The Nifty traded below the 23,000 level. IT shares extended losses for the second consecutive trading session.

At 12:28 IST, the barometer index, the S&P BSE Sensex, tanked 684.71 points or 0.89% to 75,613.47. The Nifty 50 index dropped 259.95 points or 1.12% to 22,990.15.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slumped 2.75% and the S&P BSE Small-Cap index declined 2.98%.

The market breadth was weak. On the BSE, 1,003 shares rose and 2,748 shares fell. A total of 152 shares were unchanged.

Economy:

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February but was higher than a preliminary estimate that showed a fall to 57.7. However, it remained comfortably ahead of the 50-mark separating contraction from growth.

The HSBC India Composite PMI, which included robust manufacturing growth, rose to a seven-month high of 59.5 in March from February's 58.8, reflecting stronger overall private sector growth. Manufacturing growth outpaced services, but both sectors saw moderating employment growth and business confidence.

Pranjul Bhandari, chief India economist at HSBC, said, India recorded a 58.5 services PMI in March 2025, softening slightly from the month prior. Domestic and international demand remained fairly buoyant, despite being sequentially a tick lower than the month before. Meanwhile, job creation and charge inflation both cooled during March. Looking ahead, business sentiment remains generally positive, but intensifying competition presents a significant challenge to many survey participants.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.79% to 13.71. The Nifty 24 April 2025 futures were trading at 23,045.90 at a premium of 55.75 points as compared with the spot at 22,990.15

The Nifty option chain for the 24 April 2025 expiry showed a maximum call OI of 49.2 lakh contracts at the 23,500 strike price. Maximum put OI of 45.4 lakh contracts was seen at 23,500 strike price.

Buzzing Index:

The Nifty IT index dropped 3.07% to 33,691.20. The index tumbled 7.12% in two consecutive trading sessions.

Coforge (down 6.17%), Persistent Systems (down 6.02%), Mphasis (down 4.38%), LTIMindtree (down 4.27%), Wipro (down 3.41%), Tech Mahindra (down 3.01%), HCL Technologies (down 2.69%), Tata Consultancy Services (down 2.42%), Infosys (down 2.32%) and Oracle Financial Services Software (down 1.19%) declined.

Stocks in Spotlight:

Bharat Global Developers hit a lower circuit of 5% after the company informed that Mohsin Shaikh has tendered his resignation from the position of chief executive officer (CEO) of the company, effective from 03 April 2025.

L&T Finance declined 1.16% after the firm announced that its retail disbursements for Q4 FY25 were Rs 14,870 crore, registering a degrowth of 1.16% compared to Rs 14,531 crore recorded in Q4 FY24.

Powered by Capital Market - Live News

According to an exchange filing, Mohsin Shaikh resigned from his position as chief executive officer due to personal and unavoidable circumstances. The filing also clarified that there are no material reasons behind his resignation.

Meanwhile, the company?s board of directors has approved the appointment of Tahir Mustufa Masalawala as an additional director (executive), effective from the same date.

Masalawala brings eight years of professional experience in architecture, with expertise in design and engineering, particularly in working drawings for structural engineers. Currently serving as a senior architect at A7 Architects, he has played a key role in executing over 85 projects, demonstrating strong leadership and versatility.

Additionally, the company?s board has also approved the appointment of Niyati Vaishnav Ambani as an additional director, designated as non-executive independent director, with effect from 3 April 2025

Ambani is a dynamic banking and finance professional with over 25 years of experience. She is the founder of T3 Group of Companies, specializing in business and financial consultancy, catering to SMEs, infrastructure, and real estate sectors in both domestic and international markets. She also operates a trade tour company supporting MSMEs and corporates.

Bharat Global Developers (formerly known as Kkrrafton Developers) specializes in sourcing, importing, and exporting a wide array of products spanning industries such as textile, agriculture, consumer goods, and beyond.

The company?s standalone net profit surged 189.6% to Rs 1.39 crore in Q3 FY25, compared to Rs 0.48 crore posted in Q3 FY24. Revenue from operations rose to Rs 276.03 crore in Q3 FY25, up from Rs 1.05 crore recorded in the same period a year ago.

Powered by Capital Market - Live News

Bharat Global Developers has revised the Extra-ordinary General Meeting of the company which was scheduled to be held on 19 March 2025. The meeting will now be held on 26 March 2025.

Powered by Capital Market - Live News

Bharat Global Developers announced that the suspension of trading in equity shares of Bharat Global Developers (Formerly Known as Kkrrafton Developers) has been revoked from today i.e. 11 April 2024.

Powered by Capital Market - Live News

The headline equity indices traded with significant losses in the early-afternoon trade, tracking a massive sell-off in U.S. markets triggered by U.S. President Donald Trump's reciprocal tariff announcement, which heightened concerns about a potential recession. The Nifty traded below the 23,000 level. IT shares extended losses for the second consecutive trading session.

At 12:28 IST, the barometer index, the S&P BSE Sensex, tanked 684.71 points or 0.89% to 75,613.47. The Nifty 50 index dropped 259.95 points or 1.12% to 22,990.15.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slumped 2.75% and the S&P BSE Small-Cap index declined 2.98%.

The market breadth was weak. On the BSE, 1,003 shares rose and 2,748 shares fell. A total of 152 shares were unchanged.

Economy:

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February but was higher than a preliminary estimate that showed a fall to 57.7. However, it remained comfortably ahead of the 50-mark separating contraction from growth.

The HSBC India Composite PMI, which included robust manufacturing growth, rose to a seven-month high of 59.5 in March from February's 58.8, reflecting stronger overall private sector growth. Manufacturing growth outpaced services, but both sectors saw moderating employment growth and business confidence.

Pranjul Bhandari, chief India economist at HSBC, said, India recorded a 58.5 services PMI in March 2025, softening slightly from the month prior. Domestic and international demand remained fairly buoyant, despite being sequentially a tick lower than the month before. Meanwhile, job creation and charge inflation both cooled during March. Looking ahead, business sentiment remains generally positive, but intensifying competition presents a significant challenge to many survey participants.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.79% to 13.71. The Nifty 24 April 2025 futures were trading at 23,045.90 at a premium of 55.75 points as compared with the spot at 22,990.15

The Nifty option chain for the 24 April 2025 expiry showed a maximum call OI of 49.2 lakh contracts at the 23,500 strike price. Maximum put OI of 45.4 lakh contracts was seen at 23,500 strike price.

Buzzing Index:

The Nifty IT index dropped 3.07% to 33,691.20. The index tumbled 7.12% in two consecutive trading sessions.

Coforge (down 6.17%), Persistent Systems (down 6.02%), Mphasis (down 4.38%), LTIMindtree (down 4.27%), Wipro (down 3.41%), Tech Mahindra (down 3.01%), HCL Technologies (down 2.69%), Tata Consultancy Services (down 2.42%), Infosys (down 2.32%) and Oracle Financial Services Software (down 1.19%) declined.

Stocks in Spotlight:

Bharat Global Developers hit a lower circuit of 5% after the company informed that Mohsin Shaikh has tendered his resignation from the position of chief executive officer (CEO) of the company, effective from 03 April 2025.

L&T Finance declined 1.16% after the firm announced that its retail disbursements for Q4 FY25 were Rs 14,870 crore, registering a degrowth of 1.16% compared to Rs 14,531 crore recorded in Q4 FY24.

Powered by Capital Market - Live News

According to an exchange filing, Mohsin Shaikh resigned from his position as chief executive officer due to personal and unavoidable circumstances. The filing also clarified that there are no material reasons behind his resignation.

Meanwhile, the company?s board of directors has approved the appointment of Tahir Mustufa Masalawala as an additional director (executive), effective from the same date.

Masalawala brings eight years of professional experience in architecture, with expertise in design and engineering, particularly in working drawings for structural engineers. Currently serving as a senior architect at A7 Architects, he has played a key role in executing over 85 projects, demonstrating strong leadership and versatility.

Additionally, the company?s board has also approved the appointment of Niyati Vaishnav Ambani as an additional director, designated as non-executive independent director, with effect from 3 April 2025

Ambani is a dynamic banking and finance professional with over 25 years of experience. She is the founder of T3 Group of Companies, specializing in business and financial consultancy, catering to SMEs, infrastructure, and real estate sectors in both domestic and international markets. She also operates a trade tour company supporting MSMEs and corporates.

Bharat Global Developers (formerly known as Kkrrafton Developers) specializes in sourcing, importing, and exporting a wide array of products spanning industries such as textile, agriculture, consumer goods, and beyond.

The company?s standalone net profit surged 189.6% to Rs 1.39 crore in Q3 FY25, compared to Rs 0.48 crore posted in Q3 FY24. Revenue from operations rose to Rs 276.03 crore in Q3 FY25, up from Rs 1.05 crore recorded in the same period a year ago.

Powered by Capital Market - Live News

The headline equity indices traded with significant losses in the early-afternoon trade, tracking a massive sell-off in U.S. markets triggered by U.S. President Donald Trump's reciprocal tariff announcement, which heightened concerns about a potential recession. The Nifty traded below the 23,000 level. IT shares extended losses for the second consecutive trading session.

At 12:28 IST, the barometer index, the S&P BSE Sensex, tanked 684.71 points or 0.89% to 75,613.47. The Nifty 50 index dropped 259.95 points or 1.12% to 22,990.15.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slumped 2.75% and the S&P BSE Small-Cap index declined 2.98%.

The market breadth was weak. On the BSE, 1,003 shares rose and 2,748 shares fell. A total of 152 shares were unchanged.

Economy:

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February but was higher than a preliminary estimate that showed a fall to 57.7. However, it remained comfortably ahead of the 50-mark separating contraction from growth.

The HSBC India Composite PMI, which included robust manufacturing growth, rose to a seven-month high of 59.5 in March from February's 58.8, reflecting stronger overall private sector growth. Manufacturing growth outpaced services, but both sectors saw moderating employment growth and business confidence.

Pranjul Bhandari, chief India economist at HSBC, said, India recorded a 58.5 services PMI in March 2025, softening slightly from the month prior. Domestic and international demand remained fairly buoyant, despite being sequentially a tick lower than the month before. Meanwhile, job creation and charge inflation both cooled during March. Looking ahead, business sentiment remains generally positive, but intensifying competition presents a significant challenge to many survey participants.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.79% to 13.71. The Nifty 24 April 2025 futures were trading at 23,045.90 at a premium of 55.75 points as compared with the spot at 22,990.15

The Nifty option chain for the 24 April 2025 expiry showed a maximum call OI of 49.2 lakh contracts at the 23,500 strike price. Maximum put OI of 45.4 lakh contracts was seen at 23,500 strike price.

Buzzing Index:

The Nifty IT index dropped 3.07% to 33,691.20. The index tumbled 7.12% in two consecutive trading sessions.

Coforge (down 6.17%), Persistent Systems (down 6.02%), Mphasis (down 4.38%), LTIMindtree (down 4.27%), Wipro (down 3.41%), Tech Mahindra (down 3.01%), HCL Technologies (down 2.69%), Tata Consultancy Services (down 2.42%), Infosys (down 2.32%) and Oracle Financial Services Software (down 1.19%) declined.

Stocks in Spotlight:

Bharat Global Developers hit a lower circuit of 5% after the company informed that Mohsin Shaikh has tendered his resignation from the position of chief executive officer (CEO) of the company, effective from 03 April 2025.

L&T Finance declined 1.16% after the firm announced that its retail disbursements for Q4 FY25 were Rs 14,870 crore, registering a degrowth of 1.16% compared to Rs 14,531 crore recorded in Q4 FY24.

Powered by Capital Market - Live News

According to an exchange filing, Mohsin Shaikh resigned from his position as chief executive officer due to personal and unavoidable circumstances. The filing also clarified that there are no material reasons behind his resignation.

Meanwhile, the company?s board of directors has approved the appointment of Tahir Mustufa Masalawala as an additional director (executive), effective from the same date.

Masalawala brings eight years of professional experience in architecture, with expertise in design and engineering, particularly in working drawings for structural engineers. Currently serving as a senior architect at A7 Architects, he has played a key role in executing over 85 projects, demonstrating strong leadership and versatility.

Additionally, the company?s board has also approved the appointment of Niyati Vaishnav Ambani as an additional director, designated as non-executive independent director, with effect from 3 April 2025

Ambani is a dynamic banking and finance professional with over 25 years of experience. She is the founder of T3 Group of Companies, specializing in business and financial consultancy, catering to SMEs, infrastructure, and real estate sectors in both domestic and international markets. She also operates a trade tour company supporting MSMEs and corporates.

Bharat Global Developers (formerly known as Kkrrafton Developers) specializes in sourcing, importing, and exporting a wide array of products spanning industries such as textile, agriculture, consumer goods, and beyond.

The company?s standalone net profit surged 189.6% to Rs 1.39 crore in Q3 FY25, compared to Rs 0.48 crore posted in Q3 FY24. Revenue from operations rose to Rs 276.03 crore in Q3 FY25, up from Rs 1.05 crore recorded in the same period a year ago.

Powered by Capital Market - Live News

Bharat Global Developers has revised the Extra-ordinary General Meeting of the company which was scheduled to be held on 19 March 2025. The meeting will now be held on 26 March 2025.

Powered by Capital Market - Live News