Nava Ltd Share Price – NSE /  BSE

Diversified, Small Cap

Ircon International Ltd, Railtel Corporation of India Ltd, Texmaco Rail & Engineering Ltd and Mahanagar Telephone Nigam Ltd are among the other gainers in the BSE's 'A' group today, 04 June 2025.

Nava Ltd spiked 12.71% to Rs 551.3 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.48 lakh shares were traded on the counter so far as against the average daily volumes of 35056 shares in the past one month.

Ircon International Ltd surged 10.69% to Rs 214.8. The stock was the second biggest gainer in 'A' group. On the BSE, 27.46 lakh shares were traded on the counter so far as against the average daily volumes of 5.75 lakh shares in the past one month.

Railtel Corporation of India Ltd soared 8.80% to Rs 433.75. The stock was the third biggest gainer in 'A' group. On the BSE, 3.95 lakh shares were traded on the counter so far as against the average daily volumes of 3.15 lakh shares in the past one month.

Texmaco Rail & Engineering Ltd gained 8.54% to Rs 174.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 5.35 lakh shares were traded on the counter so far as against the average daily volumes of 2.46 lakh shares in the past one month.

Mahanagar Telephone Nigam Ltd exploded 6.77% to Rs 53.14. The stock was the fifth biggest gainer in 'A' group. On the BSE, 21.62 lakh shares were traded on the counter so far as against the average daily volumes of 6.48 lakh shares in the past one month.

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Nava will hold a meeting of the Board of Directors of the Company on 16 May 2025.

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Nava Ltd fell 7.63% today to trade at Rs 382.5. The BSE Utilities index is down 1.93% to quote at 4575.13. The index is down 8.02 % over last one month. Among the other constituents of the index, K.P. Energy Ltd decreased 3.86% and Va Tech Wabag Ltd lost 3.84% on the day. The BSE Utilities index went down 15.72 % over last one year compared to the 1.96% surge in benchmark SENSEX.

Nava Ltd has lost 12.56% over last one month compared to 8.02% fall in BSE Utilities index and 3.41% drop in the SENSEX. On the BSE, 1784 shares were traded in the counter so far compared with average daily volumes of 27514 shares in the past one month. The stock hit a record high of Rs 673.35 on 18 Sep 2024. The stock hit a 52-week low of Rs 218.5 on 14 Mar 2024.

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The company's board, in a meeting held today, approved a buyback of up to 72 lakh fully paid-up equity shares, representing 2.48% of the company's total outstanding shares.

The buyback offer is set at Rs 500 per equity share, with a total consideration not exceeding Rs 360 crore. This buyback will be executed through the tender offer route, allowing eligible shareholders to tender their shares on a proportionate basis.

The promoters and promoter group of Nava have declared their intention not to participate in the buyback.

The record date for determining shareholder eligibility for the buyback has been fixed for Friday, 28 February 2025.

As on 14 February 2025, the promoters held 48.89% stake in Nava.

Nava is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare, and commercial agriculture. As one of India’s leading ferroalloy producers, Nava also operates Zambia’s largest mine-to-mouth power plant. Expanding its global presence, Nava is investing in commercial agriculture in Zambia and healthcare in Southeast Asia.

On a consolidated basis, Nava's net profit fell 23.73% to Rs 250.33 crore on 9.40% decline in net sales to Rs 842.49 crore in Q3 FY25 over Q3 FY24.

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