SATINDLTD

** Shares of Aeroflex Industries AERO.NS rise exchange-allowed maximum of 20% to 223.35 rupees

** Metallic tube and hose maker on Wednesday reported 68.3% Y/Y rise in Q3 consol profit while rev from ops rose 36.5% Y/Y

** Share price currently above 50-day, 100-day and 200-day exponential moving averages

** Stock witnessing most active trading session since Jan. 11, 2024, with more than 8.9 mln shares changing hands, 9x of 30-day avg

** Stock rose 30.4% in 2024

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of Sat Industries STIN.NS jump 3% to 121 rupees

** Pipes-to-bags maker invests 30 mln rupees ($354,254) in unit Aeroflex Finance Pvt Ltd for business expansion

** STIN set to gain for the fifth straight session

** YTD stock up 5%

($1 = 84.6850 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Nov 29 (Reuters) - Sat Industries Ltd STIN.NS:

• SAT INDUSTRIES - INVESTED 30 MILLION RUPEES IN UNIT

Source text: ID:nNSE1PnX35

Further company coverage: STIN.NS

(([email protected];))

Aug 9 (Reuters) - Sat Industries Ltd STIN.NS:

• SAT INDUSTRIES - APPROVED FURTHER INVESTMENT UPTO 100 MILLION RUPEES IN ITALICA GLOBAL FZC

• SAT INDUSTRIES - APPROVED FURTHER INVESTMENT UPTO 79 MILLION RUPEES IN AEROFLEX FINANCE

• SAT INDUSTRIES JUNE-QUARTER CONSOL PROFIT 180.1 MILLION RUPEES

• SAT INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.23 BILLION RUPEES

Further company coverage: STIN.NS

(([email protected];))

** Shares of India's Aeroflex Industries AERO.NS down 4.7% after falling as much as 5% earlier in the session

** Co's consolidated profit drops about 20% as a surge in costs overpower rev rise

** Stock on track to decline for the third straight session

** YTD stock has shed ~9%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of SAT Industries STIN.NS rise as much as 15.6% to 107.7 rupees in heavy volume

** Societe Generale buys 700,000 STIN shares at 93.10 rupees apiece in a bulk deal, per NSE data

** Over 2.1 mln shares traded, about 2.8x the 30-day average

** Stock set for most active session since Jan. 10

** Company is involved in diversified businesses ranging from manufacturing, education to financing

** Stock last up 11.4%, cutting YTD losses to 9.8%

(Reporting by Anisha Ajith in Bengaluru)

(([email protected]))

** Shares of Aeroflex Industries AERO.NS up 2.2%, paring some gains after rising as much as 3.7% to hit day's high of 130 rupees

** Indian metallic tube and hose maker says installed capacity rose to 13.5 million meters per annum; Phase II expansion completed

** Phase II expansion to increase capacity to 16.5 million meters per annum; expected by Dec with investment worth upto 390 million rupees (nearly $5 million)

** Stock trading below its 50- and 200-day moving averages since early Feb

** More than 337,000 shares change hands, 0.8x the 30-day avg

** Stock down 21.5% since listing in Aug 2023

($1 = 83.1161 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Nov 6 (Reuters) - Sat Industries Ltd STIN.NS:

• SEPT-QUARTER CONSOL PROFIT 1.75 BILLION RUPEES VERSUS 133.5 MILLION RUPEES YEAR AGO

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.37 BILLION RUPEES VERSUS 1.26 BILLION RUPEES YEAR AGO

Further company coverage: STIN.NS

(([email protected];))

Corrects paragraph 2 of Aug. 31 story to drop erroneous reference to the company operating in the aviation sector

By Hritam Mukherjee and Rama Venkat

BENGALURU, Aug 31 (Reuters) - Shares of India's Aeroflex Industries AERO.NS surged as much as 82% in their trading debut on Thursday before settling 51% higher, valuing the company at $255 million and making it the latest stock to notch up strong gains in first-day trading.

Aeroflex makes metallic tubes, hoses and other products that are mainly exported for use in industries ranging from fire-fighting to refineries.

The initial public offering, which was subscribed 97.1 times, raised 3.51 billion rupees following strong demand from investors.

The Mumbai-based company joins Mankind Pharma MNKI.NS and Concord Biotech CONB.NS in a list of companies with stellar market debuts as robust foreign inflows and domestic appetite for new listings boost the confidence of firms heading for the capital market.

Its products are more eco-friendly than rubber or polymer ones as the emissions during manufacturing are 3-5 times lower, Aeroflex Managing Director Asad Daud said.

Aeroflex has the first-mover advantage in its space, which explains the stellar demand in its IPO and trading debut, said Prashanth Tapse, senior vice president of research at Mehta Equities.

Aeroflex's shares opened at a 76% premium to its IPO price of 108 rupees and surged further before easing to end at 163.25 rupees, valuing the company at 21.11 billion rupees.

The stock likely ran into some profit booking, Tapse said.

The company's parent, SAT Industries STIN.NS - a textile-to-finance group - sold shares in the IPO, while well known investor Ashish Kacholia also bought shares ahead of the listing.

Daud said the company plans to repay all its debt with proceeds from the offering. Its outstanding debt was 394.4 million rupees as on July 31.

Aeroflex's profit rose 9.6% in the year ended March 31, 2023, while revenue from operations climbed nearly 12%.

($1 = 82.7635 Indian rupees)

(Reporting by Rama Venkat and Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee, Eileen Soreng and Saumyadeb Chakrabarty)

(([email protected]; https://twitter.com/ramavenkat0607; +91 8095218099;))

Corrects paragraph 3 to say co got bids worth 243.50 bln rupees, not raised 243.50 bln rupees

BENGALURU, Aug 31 (Reuters) - Shares of Indian metallic tubes and hose maker Aeroflex Industries AERO.NS surged as much as 81.8% in trading debut on Thursday, valuing the company at 25.39 billion Indian rupees ($307.14 million).

The Mumbai-based firm's share price rose to 196.35 rupees apiece during the session so far, compared to the initial public offer (IPO) price of 108 rupees.

The 23.2 million shares allotted to certain investors were subscribed 97.11 times at the end of bidding on Aug. 24, inviting bids worth 243.50 billion rupees, data from the National Stock Exchange showed.

The 3.51-billion rupees IPO consisted of a fresh issue of shares worth 1.62 billion rupees and an offer for sale of shares from existing shareholders and parent SAT Industries STIN.NS worth 1.89 billion rupees, according to a prospectus.

Aeroflex joins other listings, such as Mankind Pharma MNKI.NS, Blackstone's Nexus Select Trust NEXE.NS and Concord Biotech CONB.NS that fared well in the capital market amid improved domestic sentiment.

As of 11:11 a.m. IST, benchmark Nifty 50 .NSEI was down about 0.2%.

($1 = 82.6650 Indian rupees)

(Reporting by Rama Venkat and Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee and Eileen Soreng)

(([email protected]; https://twitter.com/ramavenkat0607; +91 8095218099;))

** Shares of Sat Industries Ltd STIN.NS rise as much as 9.7% to a record high of 98.60 rupees

** French bank Societe Generale bought over 1.6 mln shares of co – a holding company of listed packaging maker Sah Polymers Ltd SAHE.NS via bulk deal on Thursday - NSE data

** Around 1.4 mln shares change hands by 11:24 a.m. IST after logging most active trading session on record on Thursday

** Stock up 42.2% YTD and 66.4% since listing in November 2022

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of Sat Industries Ltd STIN.NS rise as much as 10.3% to 80 rupees, their biggest intraday pct gain since May 9

** STIN, a company engaged in several businesses like manufacturing, leasing and finance, says it sold 3.6% stake held in its unit Aeroflex Industries Ltd AERO.NS for 355.8 mln rupees ($4.32 mln)

** If trend holds, stock on track to advance for a second consecutive session

** STIN stock trading above its 50- and 100-day exponential moving averages since May 12

** About 179,105 shares change hands, vs 30-day avg of 562,967 shares - Refinitiv Data

** Stock up 11.3%, YTD

($1 = 82.2930 Indian rupees)

(Reporting by Priya Sagar in Bengaluru)

(([email protected]))

June 13 (Reuters) - Sat Industries Ltd STIN.NS:

• CO HAS SOLD 3.55% STAKE HELD IN ITS UNIT, AEROFLEX INDUSTRIES

• STAKE SALE FOR A TOTAL CONSIDERATION OF 355.8 MILLION RUPEES

Further company coverage: STIN.NS

(([email protected];))

May 2 (Reuters) - Sat Industries Ltd STIN.NS:

• MADE INVESTMENT OF 50 MILLION RUPEES IN UNIT AEROFLEX FINANCE

Source text for Eikon: ID:nNSE5X8RPZ

Further company coverage: STIN.NS

(([email protected];))