Neogen Chemicals Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Neogen Chemicals announced that Haridas Kanani, Chairman and Managing Director of the Company hastoday divested ~5.67% of his equity from the Company. Even after the stake sale, the promoters continue to retain majority ownership in Neogen Chemicals.

The stake was acquired by existing long-standing institutional investors, SBI Mutual Fund and White Oak Group, reaffirming their faith in the Company's long-term prospects. The proceeds from this transaction will be utilized by the promoter who is now approaching 80 years fortaking care of his and his family's long term financial plans and goals.

Powered by Capital Market - Live News

Bharti Airtel Ltd Partly Paidup, Godfrey Phillips India Ltd, Samvardhana Motherson International Ltd and Vodafone Idea Ltd are among the other losers in the BSE's 'A' group today, 28 June 2024.

Neogen Chemicals Ltd tumbled 5.66% to Rs 1583.05 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 37172 shares were traded on the counter so far as against the average daily volumes of 3933 shares in the past one month.

Bharti Airtel Ltd Partly Paidup crashed 4.06% to Rs 1050.95. The stock was the second biggest loser in 'A' group.On the BSE, 14008 shares were traded on the counter so far as against the average daily volumes of 10066 shares in the past one month.

Godfrey Phillips India Ltd lost 3.76% to Rs 4138. The stock was the third biggest loser in 'A' group.On the BSE, 4544 shares were traded on the counter so far as against the average daily volumes of 9379 shares in the past one month.

Samvardhana Motherson International Ltd plummeted 3.68% to Rs 191.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 18.09 lakh shares were traded on the counter so far as against the average daily volumes of 18.64 lakh shares in the past one month.

Vodafone Idea Ltd slipped 3.24% to Rs 17.92. The stock was the fifth biggest loser in 'A' group.On the BSE, 1486.74 lakh shares were traded on the counter so far as against the average daily volumes of 1642.02 lakh shares in the past one month.

Powered by Capital Market - Live News

Neogen Chemicals announced that the Board of Directors of the Company at its meeting held on 30 April 2024, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Net profit of Neogen Chemicals rose 18.31% to Rs 16.93 crore in the quarter ended March 2024 as against Rs 14.31 crore during the previous quarter ended March 2023. Sales declined 2.09% to Rs 199.65 crore in the quarter ended March 2024 as against Rs 203.92 crore during the previous quarter ended March 2023.

For the full year,net profit declined 28.66% to Rs 35.65 crore in the year ended March 2024 as against Rs 49.97 crore during the previous year ended March 2023. Sales rose 0.65% to Rs 690.67 crore in the year ended March 2024 as against Rs 686.18 crore during the previous year ended March 2023.

Powered by Capital Market - Live News