EMIL

** Electronics Mart ELEO.NS slips 2.3% to 129.7 rupees; set for fifth straight session of declines

** Electronics retailer posts 31% y/y fall in Q3 consol net profit; rev from ops up 6% y/y

** Co hurt by ~8% y/y growth in total expenses, which outpaced rev growth

** Says rev from Hyderabad declined on muted demand, tighter credit conditions, slowdown in real estate sector, rising inflation

** ELEO loses ~21% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of consumer electronics retailers Aditya Vision ADIV.NS and Electronics Mart India ELEO.NS up 3.12% to 475.5 rupees and 5.46% to 181.84 rupees

** Nuvama initiates coverage of both cos with "Buy"

** India's electronic retailing is very localized but it is difficult to dethrone an incumbent once it achieves critical sale- brokerage

** Both Telangana-based ELEO and Bihar-based ADIV are competitors in the same retail segment but have pursued divergent and effective growth strategies, targeting non-overlapping markets- Nuvama

** Trading vols- 1.35 mln ELEO shares changed hands as of 10:30 AM IST, 1.4x the 30-day avg

** More than 96,000 ADIV shares changed hands as of 10:30 AM, 0.8x the 30-day avg

** YTD, shares of ELEO down 10.4% and ADIV up 6.96%

(Reporting by Ananta Agarwal in Bengaluru)

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Nov 11 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• SEPT-QUARTER CONSOL NET PROFIT 245.4 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 13.86 BILLION RUPEES

Source text: ID:nBSE8wDS74

Further company coverage: ELEO.NS

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Oct 31 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• COMMENCED COMMERCIAL OPERATIONS OF A NEW MULTI-BRAND STORE

Source text: ID:nBSE2rrDWz

Further company coverage: ELEO.NS

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Oct 17 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• COMMENCED COMMERCIAL OPERATIONS OF A NEW MULTI BRAND STORE

Source text for Eikon: ID:nBSEbGzGhK

Further company coverage: ELEO.NS

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Electronics Mart India Ltd ELEO.NS:

• ELECTRONICS MART INDIA LTD- INSURANCE CLAIM BY INSURER ACCEPTED FOR 2023 FIRE ACCIDENT

• ELECTRONICS MART INDIA LTD- FINAL SETTLEMENT AT 11 MILLION RUPEES

Source text for Eikon: ID:nBSE6vYM6h

Further company coverage: ELEO.NS

** Shares of Electronics Mart ELEO.NS rise about 3.5% to 238 rupees apiece

** Rise after 30.75 mln shares, representing about 8% of the total stake of the consumer electronics products seller, change hands in three blocks, according to LSEG data

** Block deals at a premium of 0.7%-2% over last close of 230.17 rupees apiece

** ELEO has gained about 17% in 2024 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Electronics Mart India ELEO.NS rise as much as 4.1% after Q1 results

** Consumer electronics maker reports Q1 net profit of 724.9 mln rupees ($8.6 mln), up 20.3% Y/Y

** Rev up 17.3% to 19.75 bln rupees

** Stock on track to gain for third straight day, and to end week up 5.8%

** More than 2 mln shares traded as of 2:34 p.m. IST, 3.8x their 30-day moving avg

** Stock up 11.3% YTD

($1 = 83.9160 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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April 5 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• COMMENCED COMMERCIAL OPERATIONS OF A NEW MULTI BRAND STORE

Source text for Eikon: ID:nBSEbf9lhP

Further company coverage: ELEO.NS

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Feb 23 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• COMMENCED COMMERCIAL OPERATIONS OF A NEW MULTI BRAND STORE IN NEW DELHI

Source text for Eikon: [ID:]

Further company coverage: ELEO.NS

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** Shares of Electronics Mart India ELEO.NS up 4.1% at 228.50 rupees, pulling back from early gains of 8.5%

** Electronics retailer reports 2.1x jump in Q3 profit jumping; while rev from ops grew ~21%

** Trading vol 3.4x the 30-day daily avg

** Mean rating of three analysts equivalent of "strong buy", median PT is 195 rupees - LSEG data

** Stock rose ~48% in Dec qtr, its third straight quarterly gains

** Rivals Crompton Greaves Consumer Electricals CROP.NS edged up 0.3% in Dec qtr while V-Guard Industries VGUA.NS fell 4.9%

(Reporting by Ashish Chandra in Bengaluru)

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Jan 22 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• COMMENCED COMMERCIAL OPERATION OF TWO NEW MULTI BRAND STORES UNDER BRAND NAME 'BAJAJ ELECTRONICS'

Further company coverage: ELEO.NS

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Nov 16 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• UPDATE ON FIRE ACCIDENT

• INSURANCE AMOUNT CLAIMED IS ABOUT 22.8 MILLION RUPEES, WHICH IS YET TO BE ASSESSED BY INSURER

• VALUE OF STOCKS EXPOSED TO ACTUAL AMOUNT OF DAMAGE IS ABOUT 22.8 MILLION RUPEES

Source text for Eikon: ID:nNSEbBJ6LW

Further company coverage: ELEO.NS

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Nov 13 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• FIRE ACCIDENT OCCURRED AT CO'S STORE LOCATED AT SHAHALIBANDA, HYDERABAD

• THERE HAS BEEN NO LOSS OR INJURY TO HUMAN LIFE

• COMMERCIAL OPERATIONS OF ONE OF STORES IN SHAHALIBANDA, HYDERABAD WERE TEMPORARILY DISRUPTED

• STORE RESUMED ITS COMMERCIAL OPERATIONS ON NOVEMBER 13

• FIRE ACCIDENT OCCURRED DURING INTERVENING NIGHT OF 12 NOV AND 13 NOV

Source text for Eikon: ID:nNSE2NwTjm

Further company coverage: ELEO.NS

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** Shares of Electronics Mart India ELEO.NS up as much as 5% at 150.8 rupees

** Stock touches highest level since Aug. 30

** On track for a fifth consecutive session of gains, if trend holds

** About 9.6 mln shares change hands in two block deals priced between 143 rupees and 143.25 rupees apiece, as per LSEG data

** Shares trading above 50-, 100- and 200-day simple moving averages, indicating bullish growth

** More than 10 mln shares traded by 11:18 a.m. IST, 5.1x the 30-day avg

** Stock currently up 3%, pushing YTD gains to 71.8%

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330))

Aug 14 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• ELECTRONICS MART INDIA LTD - COMMENCED COMMERCIAL OPERATION OF NEW MULTI BRAND STORE UNDER BRAND NAME BAJAJ ELECTRONICS ON AUG 14 IN TELANGANA:

Source text for Eikon: ID:nBSE7B1G02

Further company coverage: ELEO.NS

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** Shares of Electronics Mart India ELEO.NS rise as much as 8.70% to a record high of 125.55 rupees

** The Hyderabad-headquartered consumer electronics retailer posts 48.2% Y/Y rise in consolidated net profit

** Revenue from operations up 20%; EBITDA as calculated by Reuters up 34% to 1.30 bln rupees

** Trading volume is 5.53 mln shares as of 2:31 p.m. IST, 2.3 times the 30-day avg - Refinitiv data

** Including day's gains, ELEO up 42.43% in 2023 so far compared to 7.6% rise in Nifty 50 index .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

** Shares of Electronics Mart India Ltd ELEO.NS rise as much as 6% to 84.7 rupees, the highest since Jan. 16

** Electronics retailer on Friday said it has commenced commercial operation of new exclusive brand outlet in Gurugram, Haryana

** About 1.6 mln shares change hands by 11:43 a.m. IST, 3.6x the 30-day avg - Refinitiv data

** Stock trading above its 50-, 100-, and 200-day exponential moving averages for second consecutive session

** Stock last up 4.3%, cutting YTD losses to 3.3%

(Reporting by Priya Sagar in Bengaluru)

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May 26 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• ELECTRONICS MART INDIA MARCH-QUARTER CONSOL NET PROFIT 361.1 MILLION RUPEES VERSUS PROFIT 353.4 MILLION RUPEES

• ELECTRONICS MART INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 13.28 BILLION RUPEES VERSUS 12.31 BILLION RUPEES

Source text for Eikon: ID:nBSE4B5q0Y

Further company coverage: ELEO.NS

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April 24 (Reuters) - Electronics Mart India Ltd ELEO.NS:

• ELECTRONICS MART INDIA LTD - COMMENCED COMMERCIAL OPERATION OF A NEW MULTI BRAND STORE UNDER BRAND NAME BAJAJ ELECTRONICS

Source text for Eikon: ID:nBSE1TFccB

Further company coverage: ELEO.NS

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