PDS Ltd Share Price – NSE  / BSE

Trading, Small Cap

The key equity barometers continued to trade with decent gains in early-afternoon trade. The Nifty traded a tad above the 22,900 level. Media shares extended gains for the second consecutive trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 161.36 points or 0.21% to 75,463.90. The Nifty 50 index added 71.15 points or 0.31% to 22,905.45.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 1.79% and the S&P BSE Small-Cap index added 1.80%.

The market breadth was strong. On the BSE, 2,928 shares rose and 938 shares fell. A total of 144 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.96% to 13.34. The Nifty 27 March 2025 futures were trading at 22,955, at a premium of 49.55 points as compared with the spot at 22,905.45.

The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 61.4 lakh contracts at the 23,000 strike price. Maximum put OI of 81.8 lakh contracts was seen at 22,500 strike price.

Buzzing Index:

The Nifty Media index rose 1.12% to 1,496.80. The index jumped 4.78% for the second consecutive trading sessions.

Network 18 Media & Investments (up 3.92%), Hathway Cable & Datacom (up 3.65%), Den Networks (up 3.17%), PVR Inox (up 2.15%) and Dish TV India (up 1.8%), Nazara Technologies (up 1.54%), Saregama India (up 1.04%), Sun TV Network (up 0.74%), Zee Entertainment Enterprises (up 0.35%) and Tips Music (up 0.32%) advanced.

Stocks in Spotlight:

PDS added 1.11% after the company has announced that its associate company, Pangram Celebrity Brands, has incorporated a new wholly owned subsidiary in India, named Kontemporary Koncepts, effective from 18 March 2025.

KPI Green Energy rose 4.15% after the company secured a Rs 272 crore final sanction from the national bank for financing infrastructure and development (NaBFID) to fund a 50 MW hybrid project in Bharuch, Gujarat, with 75.2 MWp solar and 16.95 MW wind capacity.

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The primary objective of this incorporation is to expand the business by focusing on the manufacturing and distribution of apparel and consumer goods. The subsidiary will engage in designing and manufacturing clothing apparel, including launching brands associated with apparel for clients in India and abroad, along with other related activities.

The cost of incorporation is Rs 28,700, with a shareholding percentage of 28.70%. The transaction was completed on a cash consideration basis.

PDS is a global fashion infrastructure company offering product development, sourcing, manufacturing and distribution for major brands and retailers worldwide.

The official announcement was made on 18 March 2025, after market hours.

The company's consolidated net profit surged 70.4% to Rs 24.85 crore in Q3 FY25 from Rs 14.58 crore recorded in Q3 FY24. Revenue from operations jumped 21.1% to Rs 3,124.88 crore in Q3 FY25 as against Rs 2,579.78 crore reported in the same period a year ago.

The counter rose 0.50% to Rs 451.40 on the BSE.

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PDS announced that PDS Multinational FZCO., a wholly-owned step-down subsidiary of the company in the United Arab Emirates (UAE), has today, i.e., 06 March 2025, notified the Company's officer about the incorporation of a new entity in the UAE, named 'Tritron Fashion FZCO', effective from 03 March 2025, as a subsidiary of PDS Multinational FZCO.

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PDS has incorporated a wholly owned subsidiary NexStyle Apparel Manufacturing on 12 February 2025.

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