EUREKAFORB

Jan 10 (Reuters) - Eureka Forbes Ltd EURK.NS:

• EUREKA FORBES - ORDER RECEIVED REJECTING APPLICATION FOR RECTIFICATION

Source text: ID:nBSE8HcJpv

Further company coverage: EURK.NS

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Nov 7 (Reuters) - Eureka Forbes Ltd EURK.NS:

• SEPT-QUARTER CONSOL NET PROFIT 477.1 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.73 BILLION RUPEES

Source text: ID:nBSE7PHbG1

Further company coverage: EURK.NS

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Aug 30 (Reuters) - Eureka Forbes Ltd EURK.BO:

• GOT TAX DEMAND ORDER FOR 14.5 MILLION RUPEES, PENALTY FOR 1.5 MILLION RUPEES

Source text for Eikon: ID:nBSE9JJjfV

Further company coverage: EURK.BO

(Reporting by VijayDattaram Malkar)

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April 10 (Reuters) - Eureka Forbes Ltd EURK.BO:

• GETS TAX ORDER FOR PENALTY AT 1.2 MILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: EURK.BO

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** Shares of Eureka Forbes EURK.BO up 1.1% at 497.5 rupees

** Goldman Sachs, BofA Securities, Societe Generale, Aditya Birla Sun Life Insurance, Morgan Stanley, Plutus Wealth Management, Cassini Partners bought stake in co in bulk deals, per data on BSE

** Institutions bought stake at 504.95 rupees per share, a 1% discount to Wednesday's close

** Co's backer Lunolux sold a 10% stake at 506.06 rupees per share, a 0.8% discount to Wednesday's close; Lunolux had a 72.56% stake in EURK as of Dec. 31 2023 per BSE data

** Stock climbed as much as 2.6% today before paring some gains

** Stock had opened at a two-month high on Thursday before plummeting to close lower after stake sale report

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Eureka Forbes EURK.BO fall 3.5% to 492.45 rupees

** Top shareholder Advent International likely to sell up to 12% stake in EURK via block deals at a floor price of 494.75 rupees apiece - CNBC Awaaz reports

** Eureka and Advent did not immediately respond to Reuters request for comment

** Nearly 22 mln shares change hands in EURK's busiest session ever

** Stock down 3.6% YTD after rising 5.9% in 2023

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Eureka Forbes EURK.BO up 3.1% to 490.65 rupees

** The water and air purifier maker reported a more than three-fold surge in consolidated net profit to 229.7 mln rupees ($2.8 mln) for the Dec-qtr, rev rose 13.9%

** Stock on track for second consecutive session of gains, if trends hold

** Volumes grew for the third consecutive quarter in both water purifiers and vacuum cleaners, the company said in a statement

** More than 164,000 shares change hands by 11:34 a.m. IST, 1.7x its 30-day avg

($1 = 83.0800 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Kotak Institutional Equities begins coverage of water filters and purifiers maker Eureka Forbes EURK.BO with "buy" rating and fair value of 670 rupees

** Brokerage says low penetration rates in water purifiers, new management and asset-light business model and high-margin service revenue pool to help volume growth and margin expansion

** Adds, water purifier rental offerings to help regain EURK market share from rivals

** Nomura had initiated coverage on EURK with "neutral" last week; Elara Securities and ICICI Securities each rate the stock "buy"

** EURK stock up 1.4% to 570 rupees; stock had touched a six-month high earlier in the day

** Stock up 18% YTD, while rivals Havells HVEL.NS up 21%, Polycab India POLC.NS up 2.2X, and Whirlpool of India WHIR.NS down 10% so far this year

(Reporting by Varun Vyas in Bengaluru)

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** Water filters and purifiers maker Eureka Forbes EURK.BO has several catalysts in place to drive growth, says Nomura

** Brokerage initiates coverage on EURK with a "neutral" recommendation, target price fixed at 568 rupees, an 8.8% implied upside over Dec. 1 close of 522 rupees

** Structural drivers such as rising electricity availability, access to piped water in rural households, high levels of total dissolved solids (TDS) in water in many states necessitates need for water purifiers - Nomura

** Adds, company's market leadership in water purifier and vacuum cleaner segments with 40% and 70% market share in fiscal 2023, low penetration levels of water purifiers present long-term growth visibility for EURK

** Shares of EURK up as much as 1.79% to 535 rupees apiece, as of 10:50 a.m. IST; stock up 11% in 2023 so far - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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Nov 10 (Reuters) - Eureka Forbes Ltd EURK.BO:

• INDIA'S EUREKA FORBES SEPT-QUARTER CONSOL NET PROFIT 258.3 MILLION RUPEES VERSUS LOSS 207.5 MILLION RUPEES

• EUREKA FORBES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.91 BILLION RUPEES VERSUS 5.76 BILLION RUPEES

Source text for Eikon: ID:nBSEbTjBWR

Further company coverage: EURK.BO

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Aug 8 (Reuters) - Eureka Forbes Ltd EURK.BO:

• JUNE-QUARTER CONSOL NET PROFIT 254.5 MILLION RUPEES VERSUS PROFIT 198.4 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.05 BILLION RUPEES VERSUS 5.26 BILLION RUPEES

Source text for Eikon: ID:nBSE2Ql400

Further company coverage: EURK.BO

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** Shares of Eureka Forbes Ltd EURK.BO jump as much as 11.26% to 447 rupees

** Uptick after the water and air purifiers' maker reports net profit that nearly quadrupled Y/Y in March quarter to 163 mln rupees compared to 48 mln rupees in the corresponding quarter last year

** Revenue climbs 36% to 5.08 bln rupees

** Strong execution aided profitability, said Pratik Pota, managing director and chief executive officer of EURK

** "A 72% Y/Y reduction in debt will allow the company the headroom to invest in growth"

** Trading volume is 214,194 shares as of 1:25 p.m. IST, quadruple the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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BENGALURU, April 19 (Reuters) - Diary of India economic, corporate events on April 19.

ECONOMIC, CORPORATE .BSE500 EVENTS:

(Compiled by Bengaluru Newsroom)

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