Nava stock price: On February 19, Multibagger Nawa Limited saw a rise of up to 13.4 percent during intraday and the price on BSE went up to Rs 429.40. On the closure of the business, the stock gained 11.6 percent to settle at Rs 422.45. The company’s board has approved the buyback of up to 72 lakhs of face value of Rs 1 face value. The stock markets have been told that the buyback will be at a price of Rs 500 per share. In this way, the company is going to buy a total of Rs 360 crore shares back from its shareholders.
The record date for deciding the eligibility of shareholders for buyback is 28 February 2025. Nawa Limited has said that its promoter and promoter group members will not participate in the share buyback. SEBI registered merchant banker Anand Rathi Advizers Limited has been appointed for buyback.
NAVA shares climbed 62 percent in a year
According to BSE data, the company’s stock has gained 62 percent in a year and 218 percent in 2 years. In 5 years the price has risen 1118 percent. The market cap of Nawa Limited from the latest Bing has increased to Rs 12200 crore. The company had a 48.89 percent stake in the company till the end of December 2024. The remaining 51.11 percent shareholding is with public shareholders.
Nawa’s 52 -week high level on BSE is Rs 673.35, which was created on 18 September 2024. The 52 -week low of Rs 218.50 was seen on 14 March 2024. The upper circuit is at Rs 454.20 and the lower circuit is at Rs 302.80. The circuit limit is 20 percent.
Profit in December quarter Rs 47 crore
In the October-December 2024 quarter, the company’s revenue on the standalone basis was Rs 279.96 crore. Meanwhile, net profit was recorded at Rs 47.38 crore and earning Rs 1.74 crore per share. In the financial year 2023-24, the company’s revenue was Rs 1,467.58 crore, net profit of Rs 219 crore and earning was Rs 15 crore per share.
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