back to top
HomeBANKING₹1154 Share Will Raise Funds Through QIP; Issue Size Of QIP Is...

₹1154 Share Will Raise Funds Through QIP; Issue Size Of QIP Is Rs 360 Crore

Pitti Engineering Ltd: Pitti Engineering Ltd will raise funds via Qualified Institutional Placement (QIP). The company has officially launched its QIP. The size of the issue for QIP is around Rs 360 crore.

The issue price is 1054.25 per share. This is at a discount of 8.93 percent compared to that of the close price. The lock-in time for this is set at 90 days.

Pitti Engineering Ltd reported that its profits for the March 31, 2024 quarter were up 62.48 percent to 40.36 crore compared to 24.84 crore for the same time the previous year.

The company’s operating income during the quarter that ended on March 31 grew 32.48 percent to 327.88 crore in comparison to 247.50 crore.

Stock Performance

The company’s stock was trading at 1154.75 at the NSE today, which is down 1.50 percent. Over the past year, the value of the firm has risen in the range of 210.83 percent.

QIP is a strategy where a business raises funds by distributing shares to qualified institutional buyers.

Pitti Engineering Ltd Stock Performance

Current Price₹ 1,158
52-wk High₹ 1,196
52-wk Low₹ 366
5 Days Return10.44%
1 Month Return22.19%

Key Fundamentals Parameters

Market Cap₹ 3,711 Cr.
Stock P/E41.1
Book Value₹ 130
Dividend0.23 %
ROCE20.0 %
ROE24.0 %
Face Value₹ 5.00
P/B Value8.91
OPM14.8 %
EPS₹ 28.1
Debt₹ 616 Cr.
Debt to Equity1.48

Pitti Engineering Ltd Shareholding Pattern

Promoters Holding
Mar 202359.29%
June 202359.29%
Sept 202359.29%
Dec 202359.29%
Mar 202459.29%
FII Holding
Mar 20230.00%
June 20230.19%
Sept 20230.13%
Dec 20230.22%
Mar 20240.50%
DII Holding
Mar 20235.91%
June 20236.19%
Sept 20235.51%
Dec 20236.56%
Mar 20245.88%
Hot Stocks Alert Join
Public Holding
Mar 202334.79%
June 202334.34%
Sept 202335.07%
Dec 202333.94%
Mar 202434.33%

Pitti Engineering Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 525 Cr
2021₹ 518 Cr
2022₹ 954 Cr
2023₹ 1,100 Cr
2024₹ 1,202 Cr

Last 5 Years’ Net Profit:

2020₹ 17 Cr
2021₹ 29 Cr
2022₹ 52 Cr
2023₹ 59 Cr
2024₹ 90 Cr

Conclusion

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

If you’re new to our site and want to be updated on the latest market information, you can join us on the Telegram Group(Link below).

If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here