Craftsman Automation

June 29 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• STARTS COMMERCIAL OPERATION AT NEW PLANT IN LUDHIANA, PUNJAB

Source text: ID:nBSEk12yb

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Craftsman Automation promoter and Chairman Srinivasan Ravi sold 5.25 lakh equity shares on the open market on June 23, reducing his stake from 40.15% to 38.14%. The transaction was executed on the National Stock Exchange and was worth approximately ₹485.6 crore, according to a filing submitted to the exchanges on June 25.

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June 15 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• CRAFTSMAN AUTOMATION - TO RAISE UP TO 20 BILLION RUPEES VIA QUALIFIED INSTITUTIONS PLACEMENT

Source text: ID:nBSE549fKD

Further company coverage: CRAF.NS

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May 13 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• CRAFTSMAN AUTOMATION LTD - TO CONSIDER RAISING OF FUNDS

Source text: ID:nBSE6WLmx6

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May 7 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• CRAFTSMAN AUTOMATION MARCH-QUARTER CONSOL NET PROFIT 1.16 BILLION RUPEES

• CRAFTSMAN AUTOMATION MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 22.26 BILLION RUPEES

• CRAFTSMAN AUTOMATION LTD - APPROVES RE-APPOINTMENT OF SRINIVASAN RAVI AS CHAIRMAN AND MD FOR 5 YEARS

• CRAFTSMAN AUTOMATION LTD - RECOMMENDS FINAL DIVIDEND OF 11.25 RUPEES PER SHARE

Source text: ID:nnAZN4SUTJH

Further company coverage: CRAF.NS

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Feb 13 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• CRAFTSMAN AUTOMATION LTD - BOARD APPROVES EVALUATION FOR RESTRUCTURING ALUMINIUM BUSINESS

Source text: ID:nBSE1Bz397

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Jan 28 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• BOARD APPROVES NEW PLANT SETUP AT LUDHIANA, PUNJAB

• INVESTMENT REQUIRED FOR PLANT ESTIMATED AT 600 MILLION RUPEES

Source text: ID:nNSE8xMQHt

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Aug 11 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• STARTS OPERATIONS AT FARIDABAD UNIT-3

• RELOCATES OPERATIONS TO FARIDABAD UNITS 2 & 3

• RELOCATION TO IMPROVE EFFICIENCY AND REDUCE COSTS

Source text: ID:nBSEb84Kbq

Further company coverage: CRAF.NS

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** India's Craftsman Automation CRAF.NS climbs 5% to 6,768 rupees, its highest level since September 2024

** Auto parts maker reports 31% Y/Y jump in June qtr consol net profit; rev from ops up 55% Y/Y

** Rev in its industrial and engineering segment, its biggest, segment climbs 5%

** Rev for aluminium products, its second biggest, more than doubles

** Trading volume at 4.4x the 30-day moving avg

** Avg rating on CRAF at "buy"; median PT is 5,400 rupees - data compiled by LSEG

** Stock extends YTD gains to ~26%

(Reporting by Kashish Tandon in Bengaluru)

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July 29 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• CRAFTSMAN AUTOMATION JUNE-QUARTER CONSOL NET PROFIT 696 MILLION RUPEES

• CRAFTSMAN AUTOMATION JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 17.84 BILLION RUPEES

Source text: ID:nNSE8G1X9G

Further company coverage: CRAF.NS

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June 24 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• CRAFTSMAN AUTOMATION LTD - INVESTS IN LS MILL SOLAR GREEN ENERGY

Source text: ID:nBSE4Nwv6N

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May 7 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• DIVIDEND 5 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 667.6 MILLION RUPEES

• LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 17.49 BILLION RUPEES

Further company coverage: CRAF.NS

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Jan 29 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• APPROVES NEW PLANT AT SIPCOT INDUSTRIAL PARK

• PROPOSED CAPACITY ADDITION OF 15% FOR ALUMINIUM PRODUCTS

• INVESTMENT REQUIRED ESTIMATED AT 1.50 BILLION RUPEES

Source text: ID:nNSE3VG2Tp

Further company coverage: CRAF.NS

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Oct 9 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• COMPLETED ACQUISITION OF 100% STAKE OF SUNBEAM LIGHTWEIGHTING

Source text for Eikon: ID:nBSEc7TL2f

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Oct 7 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• ACQUISITION OF SECURITIES OF SUNBEAM LIGHTWEIGHTING SOLUTIONS

• SUBSCRIBED TO OCDS OF SUNBEAM FOR A CONSIDERATION 1.36 BILLION RUPEES

• AS PER TERMS OF OCDS, CO HAS OPTION TO CONVERT OCDS INTO SHARES

Source text for Eikon: ID:nBSE3BW5Jv

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July 24 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• JUNE-QUARTER CONSOL NET PROFIT 531.9 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 11.51 BILLION RUPEES

• ACQUISITION OF 100% STAKE OF CRAFTSMAN GERMANY GMBH

• APPROVED INFUSION OF UP TO 600 MILLION RUPEES IN CRAFTSMAN GERMANY

Source text for Eikon: ID:nBSE2d9Ssl

Further company coverage: CRAF.NS

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July 23 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• CRAFTSMAN AUTOMATION - ACQUIRES 100% STAKE IN GERMAN HOLDCO

Source text for Eikon: ID:nBSE3Lv9C9

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July 4 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• GOT ORDER FROM DEPUTY COMMISSIONER OF STATE TAX, DEMAND OF ABOUT 5 MILLION RUPEES

Source text for Eikon: ID:nBSE2QfylG

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** Shares of Craftsman Automation Ltd CRAF.NS up 9.8% at 5,304.35 rupees, highest since Jan. 2, 2024

** Auto parts maker on Monday signed non-binding agreement to acquire aluminium die-cast parts maker Sunbeam Lightweighting Solutions

** CRAF began operating in die-cast business in 2016

** CRAF did not disclose deal value; did not immediately respond to a Reuters' request for comment

** Stock set for best day since July 2023, if gains hold

** Over 466,000 shares traded, 6.9x its 30-day avg volume

** Sunbeam counts India's largest automater Maruti Suzuki MRTI.NS and top two-wheeler maker Hero MotoCorp HROM.NS among its clients

** Six analysts tracking stock rate it "buy" on avg; median PT is 5,083.50 rupees - LSEG data

** Stock trims YTD losses to 1.2%

(Reporting by Nandan Mandayam in Bengaluru)

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June 24 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• ENTERED INTO MOU WITH SUNBEAM LIGHTWEIGHTING SOLUTIONS AND KEDAARA CAPITAL FUND II LLP

• MOU FOR ACQUIRING WHOLE OR PART OF BUSINESS OF SUNBEAM IN ONE OR MORE TRANCHES

Further company coverage: CRAF.NS

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** Shares of India's Craftsman Automation CRAF.NS up 4% at 4958.85 rupees, after rising 4.5% earlier in the day

** Automotive and industrial engineering firm approved fundraise worth up to 12 billion rupees (~$144 million) via qualified institutions placement (QIP)

** Stock set to gain for the fourth straight session, if trends hold

** Trading vols 2.7x 30-day avg

** Day's rise trims YTD losses to 8.4%, CRAF jumped ~55% in 2023

($1 = 83.3811 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Craftsman Automation CRAF.NS fall as much as 6.8%, last down 5.9%

** Automotive and industrial engineering firm reported 19.7% y/y fall in Q4 net profit at 623.3 mln rupees ($7.5 mln) due to deferred tax

** Stock set for biggest one-day decline since May 25, 2022

** Shares fell 20.2% in the March quarter, posting sharpest quarterly fall since listing in March 2021

** Stock moved below its 100-day, and 200-day SMAs on Monday

** Trading vol is 2.6x the 30-day daily avg

** Avg rating of seven analysts covering the stock is "buy", median PT is 5,082 rupees, ~15% higher than current price - LSEG data

** CRAF down ~18% YTD after rising 54.7% in 2023

($1 = 83.4150 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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March 5 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• CRAFTSMAN AUTOMATION LTD - GOT PENALTY ORDER FOR DEMAND OF 27.4 MILLION RUPEES

Source text for Eikon: ID:nBSErkvHq

Further company coverage: CRAF.NS

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** Shares of Craftsman Automation CRAF.NS rise 2.8% to 4,305 rupees

** The automotive and industrial engineering firm said on Thursday it will commence the commercial operations of its new plant in southern Indian state of Tamil Nadu

** Average rating of seven analysts tracking CRAF is "buy", median PT is 5,395 rupees - LSEG data

** Stock poised to snap seven consecutive session of losses, if trend holds

** CRAF down 20.4% YTD compared to a 54.8% rise in 2023

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 29 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• GOODS AND SERVICES TAX DEPARTMENT INSPECTED SOME DOCUMENTS AT CO'S PLANT AT FARIDABAD

• EXTENDED FULL COOPERATION TO OFFICIALS OF GST DEPARTMENT DURING INSPECTION

Further company coverage: CRAF.NS

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** Shares of Craftsman Automation Ltd CRAF.NS rise as much as 8.1% to record high of 5,193 rupees

** Automotive and industrial engineering firm's stock currently up 6.4%, set for best-ever close, should gains hold

** More than 150,000 shares change hands by 3:11 p.m. IST, 3.9x the 30-day average volume

** Eight analysts covering the stock rate it "buy" on average; median PT is 5,525 rupees - LSEG data

** Stock up over 43% so far this year

(Reporting by Nandan Mandayam in Bengaluru)

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Oct 30 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• INDIA'S CRAFTSMAN AUTOMATION SEPT-QUARTER CONSOL NET PROFIT 945.4 MILLION RUPEES VERSUS PROFIT 624.8 MILLION RUPEES

• CRAFTSMAN AUTOMATION SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 11.79 BILLION RUPEES VERSUS 7.76 BILLION RUPEES

Source text for Eikon: ID:nBSE88DJdr

Further company coverage: CRAF.NS

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Aug 2 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• ADDITIONAL COMMISSIONER OF GST & CENTRAL EXCISE, COIMBATORE PRONOUNCED ORDER

• ORDER TOWARDS SHORT PAYMENT OF CGST, SGST, IGST ON PRODUCTS CLEARED BY CLASSIFICATION ISSUES

• DEMAND WAS RAISED BY DEPARTMENT FOR DEMAND VALUE OF 292.9 MILLION RUPEES EXCLUDING PENALTY AND INTEREST

• DEMAND WILL BE LEGALLY CONTESTED BY COMPANY

Source text for Eikon: ID:nNSE5PCSPj

Further company coverage: CRAF.NS

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** Shares of Craftsman Automation CRAF.NS rise as much as 9.34% to record high of 4,963.00 rupees

** Co's June-qtr net profit jumps 31.50% YoY; rev from operations up 30.5%

** Trading volume is over 136,000 shares as of 2:51 p.m. IST, nearly thrice the 30-day avg - Refinitiv data

** Avg rating of seven analysts close to equivalent of 'strong buy' - Refinitiv data

** Median PT of 4,000.00 rupees, however, is well below last close of 4,539.15 rupees

** Stock up 36.2% in 2023 so far compared to 9% rise in Nifty 50 index .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

** Shares of Craftsman Automation CRAF.NS rise as much as 9.74% to hit a record high of 4,532 rupees

** Stock on track for a fifth consecutive session of gain, if trends hold

** Share price above 50-day, 100-day and 200-day exponential moving averages since May 9, suggesting bullish trend

** CRAF's relative strength index above 70, indicating it is overbought

** Stock is witnessing its most active trading session since Dec. 30, 2022

** More than 229,000 shares change hands by 12:59 p.m. IST, 5.2x 30-day avg

** All seven analysts covering the stock have a "buy" or "strong buy" rating; median PT is 4,000 rupees - Refinitiv data

** Including session's gain, stock up 28.3% this year

(Reporting by Ashish Chandra in Bengaluru)

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