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The company said it will inform about the impact at a later date.

Stove Kraft plunges 4% as I-T sleuths search premises

Vinay Rajani of HDFC Securities expects market to remain choppy as far as benchmark indices are concerned. However, stock specific bullish actions may continue to be there.

Hot Stocks | Stove Kraft, RITES, Gujarat Alkalies can deliver up to 16% in short term

YES Securities is bullish on Stove Kraft has recommended buy rating on the stock with a target price of Rs 631 in its research report dated July 31 2023.

Buy Stove Kraft; target of Rs 631: YES Securities

Stove Kraft’s Net Profit for the quarter under review increased by 1.4 percent YoY (year-on-year) to Rs 8.20 crore. Sequentially, this is an improvement as compared to a loss of Rs 6 crore reported in Q4FY23.

Stove Kraft gains 3% on strong earnings for Q1FY24

Stove Kraft Standalone June 2023 Net Sales at Rs 297.75 crore, up 8.25% Y-o-Y

Despite revenue growth of 13 percent in FY23, falling short of the expected 20 percent, the management expects EBITDA margin to recover to 11 percent by the end of H1FY24

Stovekraft shares plunge 11% on weak Q4; management commentary cautious

Stove Kraft Standalone March 2023 Net Sales at Rs 278.06 crore, up 7.38% Y-o-Y

YES Securities is bullish on Stove Kraft has recommended buy rating on the stock with a target price of Rs 714 in its research report dated February 02, 2023.

Buy Stove Kraft; target of Rs 714: YES Securities

The company said that the formal resignation of Rajiv Mehta will be placed before the board of directors at the forthcoming meeting. Mehta has played a key role in the growth and development of the company including successful listing of the firm on 5 February 2021.Stove Kraft stated in the press release, “We would like to assure our shareholders, employees, customers, and other stakeholders that the companys operations are running normal. The company has implemented a new organization structure to help achieve its strategic goals and support future growth.”“This revised structure has four new executive positions, viz., chief revenue officer, chief operating officer, chief human resources officer and chief growth officer, in addition to existing position of chief financial officer, and the team has already started working towards achieving the organizational goal,” it added.Further, the firm said, “We are actively evaluating candidates for a chief growth officer to drive growth across 3 brands and products, and we are also in the process of on-boarding the chief human resources officer.”Stove Kraft is one of the leading brands for home & kitchen appliances in India. It is one of the dominant players for pressure cookers and amongst the market leaders in the sale of free-standing hobs, cooktops and non stick cookware. The companys net profit jumped 13% to Rs 25.90 crore on 12% rise in net sales to Rs 406.20 crore in Q2 FY23 over Q2 FY22.

Stove Kraft CEO Rajiv Mehta intents to resign  

Stove Kraft Standalone September 2022 Net Sales at Rs 406.20 crore, up 11.95% Y-o-Y

Stove Kraft Ltd. engages in the manufacture and trade of kitchen and cookware appliances. Its products include pressure cookers, nonstick cookware, gas and induction cooktops, mixer grinder, and chimneys. The company was founded by Rajendra J. Gandhi in 1994 and is headquartered in Bangalore, India.

Watchers	74
52-Wk Low	353.10
52-Wk High	613.85

Market Cap	16.06B
Volume (M)	48,139.00
52-Wk High	613.85
52-Wk Low	353.10

STOVEKRAFT.NSE Stove Kraft Ltd.

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