Siyaram Silk Mills Ltd Share Price – NSE /  BSE

Textiles, Small Cap

The key equity benchmarks continued to extend losses in the morning trade. The Nifty tanked below the 24,300 mark. Metal shares witnessed profit booking after advancing in the past six consecutive trading sessions.

At 10:29 IST, the barometer index, the S&P BSE Sensex, declined 956.91 points or 1.18% to 80,333.05. The Nifty 50 index dropped 275.95 points or 1.12% to 24,272.75.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.43% and the S&P BSE Small-Cap index tumbled 1.68%.

Sellers outnumbered buyers. On the BSE, 949 shares rose and 2,699 shares fell. A total of 154 shares were unchanged.

Buzzing Index:

The Nifty Metal index slipped 2.20% to 9,298.30. The index gained 2.89% in the past six consecutive trading sessions.

Steel Authority of India (down 4.45%), NMDC (down 4.01%), Tata Steel (down 2.73%), Hindustan Copper (down 2.68%), JSW Steel (down 2.49%), Hindalco Industries (down 2.25%), Welspun Corp (down 1.89%), National Aluminium Company (down 1.88%), Vedanta (down 1.62%) and Jindal Steel & Power (down 1.61%) declined.

On the other hand, Adani Enterprises (up 0.44%) edged higher.

Stocks in Spotlight:

Siyaram Silk Mills surged 9.20% after the company announced the launch of Cadini Italy Perfumes in India under the Cadini Italy brand.

Ashok Leyland fell 1.02%. The company announced that it has received an order worth Rs 345.58 crore from the Tamil Nadu State Transport Corporation (TNSTC) for the supply of 1,475 BSVI Diesel Fuel Type Passenger Bus Chassis.

G R Infraprojects shed 0.49%. The company received a letter of intent for the establishment of a pooling station near Bijapur (Vijayapura) worth Rs 107.7 crore from PFC Consulting under the transmission scheme for the integration of Bijapur REZ in Karnataka.

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The launch event took place at the Taj Mahal Palace, Mumbai, on 12 December 2024. This marks a significant expansion for the brand, bringing its luxury fragrances to the Indian market.

The Cadini Italy fragrance collection includes four scents: Leonardo's Secret, Italian Renaissance, Roman Affair, and Sicilian Romance. Each fragrance comes in three sizes: 100ml, 35ml, and 2ml.

The perfumes will be available online through Cadini Italy's website and social media channels.

Siyaram Silk Mills, a prominent Indian textile company, is renowned for its high-quality fabrics and apparel. The company offers a diverse range of products under popular brands like Siyaram, J. Hampstead, Oxemberg, and Cadini. With a strong distribution network, the company caters to a vast Indian market, providing accessible and stylish products at attractive prices.

On a consolidated basis, net profit of Siyaram Silk Mills rose 11.23% to Rs 68.17 crore while net sales rose 3.75% to Rs 607.88 crore in Q2 September 2024 over Q2 September 2023.

The Siyaram Silk Mills stock hit a record high of Rs 937.85 today.

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Net profit of Siyaram Silk Mills rose 11.23% to Rs 68.17 crore in the quarter ended September 2024 as against Rs 61.29 crore during the previous quarter ended September 2023. Sales rose 3.75% to Rs 607.88 crore in the quarter ended September 2024 as against Rs 585.91 crore during the previous quarter ended September 2023.

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Siyaram Silk Mills has fixed 06 November 2024 as record date for first interim dividend of Rs 4 per share for FY 2024-25. The dividend will be paid on or after 14 November 2024.

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