CRAFTSMAN

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

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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

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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

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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

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March 1 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• INCOME TAX DEPARTMENT HAS PRONOUNCED A PENALTY ORDER

• PENALTY WITH DEMAND VALUE OF 22.9 MILLION RUPEES

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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

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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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** Shares of Craftsman Automation CRAF.NS up as much as 5.1% to 4,894.45 rupees

** Auto ancillary co posts ~51% YoY rise in its Sept-qtr consol net profit on higher sales; rev from ops up ~52% YoY

** Over 91,000 shares change hands as of 01:36 p.m. IST, 2.5x the 30-day moving average

** Six of the seven analysts rate the stock "buy" or "strong buy", while one rates it "hold; median PT is 5,279 rupees - LSEG data

** Stock last up 4.3%, extending YTD gains to 39%

(Reporting by Kashish Tandon in Bengaluru)

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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

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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)

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** 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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** Shares of Craftsman Automation Ltd CRAF.NS rise as much as 2.7% to 4,099 rupees

** Axis Mutual Fund bought 126,260 shares while Goldman Sachs Funds bought 505,050 CRAF shares in the auto ancillary company in bulk for average price of 3,960 rupees on Thursday, as per NSE Data

** Separately, shareholder Srinivasan Murali sold 800,000 shares at the same price on Thursday

** About 30,100 shares change hands by 10:53 a.m. IST, 0.6x the 30-day avg of 53,959 shares - Refinitiv Data

** All seven analysts covering CRAF have a "buy" or higher rating; median PT is 3,950 rupees

** Stock currently up ~1%, extending YTD gains to ~15%

(Reporting by Priya Sagar in Bengaluru)

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May 8 (Reuters) - Craftsman Automation Ltd CRAF.NS:

• INDIA'S CRAFTSMAN AUTOMATION MARCH-QUARTER CONSOL NET PROFIT 776.6 MILLION RUPEES VERSUS PROFIT 514.6 MILLION RUPEES

• CRAFTSMAN AUTOMATION MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.8 BILLION RUPEES VERSUS 6.57 BILLION RUPEES

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

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