Stanley Lifestyles Ltd Share Price – NSE  /  BSE

Miscellaneous, Small Cap

The frontline indices traded near the flat line with negative bias in mid-afternoon trade. The Nifty traded below the 24,550 mark after hitting the day’s high of 24,595.20 in mid-morning trade. IT shares extended losses in the two consecutive trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex, was down 89.94 points or 0.11% to 80,521.74. The Nifty 50 index shed 21.60 points or 0.09% to 24,509.30.

The broader market outperformed the headline indices. The S&P BSE Mid-Cap index rallied 1.28% and the S&P BSE Small-Cap index added 0.71%.

The market breadth was positive. On the BSE, 2,173 shares rose and 1,794 shares fell. A total of 158 shares were unchanged.

Buzzing Index:

The Nifty IT index shed 0.79% to 39,609.65. The index declined 0.92% in the two trading sessions.

Wipro (down 8.94%), HCL Technologies (down 0.98%), LTIMindtree (down 0.72%), Tata Consultancy Services (down 0.66%) edged lower.

On the other hand, Persistent Systems (up 3.81%), L&T Technology Services (up 2.98%) and Mphasis (up 1.27%) advanced.

Numbers to Track:

The yield on India's 10-year benchmark federal rose 0.10% to 6.972 as compared with previous close 6.965.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.6600, compared with its close of 83.7000 during the previous trading session.

MCX Gold futures for 5 August 2024 settlement shed 0.12% to Rs 72,900.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.16% to 104.23.

The United States 10-year bond yield fell 0.33% to 4.225.

In the commodities market, Brent crude for September 2024 settlement added 40 cents or 0.48% to $83.03 a barrel.

Stocks in Spotlight:

Stanley Lifestyles rallied 4.32% after the company’s consolidated net profit jumped 75.86% to Rs 10.20 crore in Q1 FY25 as compared with Rs 5.80 crore posted in Q1 FY24. Revenue from operations was at Rs 119.20 crore in the first quarter of FY25, registering a growth of 23% as compared with Rs 96.90 crore posted in the corresponding quarter previous year.

Dodla Dairy jumped 7.62% after the dairy product maker reported 85.93% jump in consolidated net profit to Rs 65.02 crore on 10.70% increase in revenue from operations to Rs 911.59 crore in Q1 FY25 over Q1 FY24.

Rane Brake Lining shed 0.29%. The company reported 70% jump in net profit to Rs 8.8 crore on a 5% increase in income from operations to Rs 159.9 crore in Q1 FY25 as compared with Q1 FY24.

Powered by Capital Market - Live News

Revenue from operations was at Rs 119.20 crore in the first quarter of FY25, registering a growth of 23% as compared with Rs 96.90 crore posted in the corresponding quarter previous year.

Profit before tax (PBT) climbed 69.05% to Rs 14.20 crore in Q1 FY25 as compared to Rs 8.40 crore reported in Q1 FY24.

In the first quarter of FY25, total expenses rose 13.91% YoY to Rs 107.3 crore. Cost of materials consumed marginally fell to Rs 35.90 crore in Q1 FY25. Employee benefit expenses stood at Rs 15 crore (up 4.16% YoY) during the quarter.

On standalone basis, company’s net profit stood at Rs 3.50 crore in Q1 FY25, steeply higher than Rs 1.50 crore posted in Q1 FY24. Revenue from operations was at Rs 58.60 crore during the quarter, registering a growth of 15.35% YoY.

The counter entered into the stock market on 28 June 2024, it was listed at Rs 499, exhibiting a premium of 35.23% to the issue price of Rs 369

Stanley Lifestyles, promoted by Sunil Suresh and Subha Sunil, is a super-premium and luxury furniture brand in India offering complete home solutions, including installations. The company designs, manufactures and retails its furniture products under the ‘Stanley’ brand. Its product portfolio includes sofas, cabinetry and furniture for living rooms, dining rooms, family rooms, kitchens, bedrooms (including bedding products), and home offices.

Powered by Capital Market - Live News

Stanley Lifestyles will hold a meeting of the Board of Directors of the Company on 19 July 2024.

Powered by Capital Market - Live News

The scrip was listed at Rs 499, exhibiting a premium of 35.23% to the issue price.

So far, the stock has hit a low of 125.70. On the BSE, over 11.58 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Stanley Lifestyles received was subscribed 96.98 times. The issue opened for bidding on 21 June 2024 and closed on 25 June 2024. The price band of the IPO was fixed at Rs 351 to 369 per share.

The IPO comprised a fresh issue of equity share aggregating upto Rs 200 crore and an offer for sale of 91.33 lakh equity shares.

The net proceeds are proposed to be utilized towards investment in certain subsidiaries, for opening of new stores, amounting Rs 90.13 crore, for opening of anchor stores amounting Rs 39.99 crore and for renovation of the existing stores amounting Rs 10.04 crore; funding capital expenditure requirements of the company and its material subsidiary Stanley OEM Sofas; general corporate purposes.

Over the next 3 years the company plans to open 24 new stores (2 under Stanley Level Next, 9 under Stanley Boutique, 13 under Sofas & More by Stanley brands) across Delhi (6 stores), Tamil Nadu(5 stores), Telangana(7 stores), Maharashtra(3 stores), and Karnataka(3 stores).

Ahead of the IPO, Stanley Lifestyles on Thursday, 20 June 2024, raised Rs 161.10 crore from anchor investors. The board allotted 43.66 lakh shares at Rs 369 each to 16 anchor investors.

Stanley Lifestyles, promoted by Sunil Suresh and Subha Sunil, is a super-premium and luxury furniture brand in India offering complete home solutions, including installations. The company designs, manufactures and retails its furniture products under the ‘Stanley’ brand. Its product portfolio includes sofas, cabinetry and furniture for living rooms, dining rooms, family rooms, kitchens, bedrooms (including bedding products), and home offices.

The firm reported a net profit of Rs 19.78 crore and sales of Rs 313.31 crore for the nine months ended on 31 December 2023.

Powered by Capital Market - Live News