STOVEKRAFT

Feb 3 (Reuters) - Stove Kraft Ltd STOE.NS:

• STOVE KRAFT LTD DEC-QUARTER PROFIT 121.4 MILLION RUPEES

• STOVE KRAFT LTD DEC-QUARTER REVENUE FROM OPERATIONS 4.04 BILLION RUPEES

Source text: ID:nBSE7RMX30

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Dec 19 (Reuters) - Stove Kraft Ltd STOE.NS:

• SUPPLY PARTNERSHIP WITH IKEA

• WILL DEVELOP A RANGE OF COOKWARE TO BE SOLD THROUGH IKEA'S GLOBAL NETWORK OF STORES FROM 2026

Source text: ID:nBSE51Qg2z

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** Shares of Stove Kraft Ltd STOE.NS rise as much as 4% to 789 rupees

** The 'Pigeon' cooker-maker says it commissioned a cast iron foundry at its Harohalli factory in Karnataka at a cost of 400 mln rupees ($4.8 mln)

** More than 56,000 shares traded as of 1:13 p.m. IST, nearly half of their 30-day moving average of 114,548 shares

** STOE last up 3.1%, adding to YTD gains of 73.8%

($1 = 84.2950 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Nov 25 (Reuters) - Stove Kraft Ltd STOE.NS:

• STOVE KRAFT - COMMISSIONED NEW CAST IRON FOUNDRY AT HAROHALLI FACTORY

• STOVE KRAFT - FOUNDRY'S INSTALLED CAPACITY TO RISE TO 4.4 MILLION PIECES PER ANNUM IN FUTURE

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Oct 28 (Reuters) - Stove Kraft Ltd STOE.NS:

• STOVE KRAFT SEPT-QUARTER PROFIT 167.2 MILLION RUPEES

• STOVE KRAFT SEPT-QUARTER REVENUE FROM OPERATIONS 4.18 BILLION RUPEES

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** Shares of Havells India HVEL.NS down 1.6%; trading between gains of 2% and losses of 2.1%

** Co on Tuesday said it plans to expand its product portfolio with offering of kitchen appliances such as cooktops and chimneys

** Adds it expects to launch products in May; targets becoming one of top 3 players over next 3 years

** CLSA says competitive intensity to rise in large kitchen appliances segment with co's entry, CNBC-TV18 and Moneycontrol report

** CLSA says if co grabs a 10% market share, it could add 45-70 rupees to earnings per share, reports say

** Analysts' avg recommendation on HVEL is equivalent to 'buy' - LSEG

** Avg recommendation on Stove Kraft STOE.NS is 'strong buy', Crompton Greaves CROP.NS has 'buy' and TTK Prestige TTKL.NS rated 'hold' - LSEG

** HVEL up ~11% YTD, STOE climbed 6.7%

** CROP down 6.8% YTD, while TTKL declined 3.6%

(Reporting by Rama Venkat in Bengaluru)

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Nov 27 (Reuters) - Stove Kraft Ltd STOE.NS:

• MANUFACTURING OPERATIONS AT BENGALURU PLANT, BADDI PLANT RESUMED

Source text for Eikon: ID:nBSE3xlBVg

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** Shares of Stove Kraft Ltd STOE.NS fall as much as 4.2% to 496 rupees

** The appliance maker says India's Income Tax department is conducting a search at some of the co's premises and plants

** More than 124,678 shares change hands by 01:55 p.m. IST, 1.2x its 30-day avg

** Stock down 1.4% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of India's Stove Kraft STOE.NS up as much as 5.17% at 495 rupees

** Home and kitchen appliances maker posted nearly 1.5% rise in June-qtr profit, while rev from ops climbed more than 8%

** Co named Ramakrishna Pendyala as CFO

** Co shares trading above 50-day and 100-day simple moving averages

** More than 260,072 shares changed hands by 11:42 a.m IST, 1.2X 30-day avg

** YTD stock has fallen ~4%

(Reporting by Hritam Mukherjee in Bengaluru)

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July 13 (Reuters) - Stove Kraft Ltd STOE.NS:

• STOVE KRAFT LTD - BALAJI A S RESIGNS AS CFO

Source text for Eikon: ID:nBSEG6XWN

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** Brokerage JM Financial says electrical consumer durables to see recovery in growth on the back of higher disposable incomes and low food inflation

** India's macro environment continues to be stable, rural demand scenario shaping up well - JM Financial note

** Stable raw material prices should "alleviate margin pressure", premiumisation and operating leverage to help margins, note says

** Brokerage says tepid demand in appliances continued in Q1FY24, unseasonal rains in March/May impacted channel offtake

** We remain positive for medium to long-term, given macro tailwinds, low penetration for some of the categories and category expansion opportunities - JM Financial analysts

** Rating house maintains "buy" on Bajaj Electricals BJEL.NS, V-Guard Industries VGUA.NS, Havells HVEL.NS and Stove Kraft STOE.NS; "hold" on Crompton Greaves Consumer Electricals CROP.NS and TTK Prestige TTKL.NS

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Stove Kraft Ltd STOE.NS fall as much as 2.6% to 428.05 rupees, their lowest in a week

** On Wednesday, the kitchen and home solutions firm said Balaji A S resigned from his position as chief financial officer

** About 179,814 shares change hands by 1:41 p.m. IST, 0.5x the 30-day avg of 388,838 shares - Refinitiv Data

** Stock last down ~2%, extending YTD losses to 14.9%

** Stock currently trading below its 50-, 100-, and 200-day exponential moving averages

** About 179,814 shares change hands by 1:41 p.m. IST, 0.5x the 30-day avg of 388,838 shares - Refinitiv Data

** Moving Average Convergence Divergence (MACD) line of the stock is under the signal line for eight straight sessions, suggesting bearish bias

(Reporting by Priya Sagar in Bengaluru)

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** Shares of kitchen and home solutions firm Stove Kraft Ltd STOE.NS fall as much as 12.3% to 438 rupees, mark sharpest intraday pct loss since Feb. 3

** Co on Monday reported a Q4 loss of 60 mln Indian rupees ($725,675.04) vs profit of 86.5 mln rupees yr ago

** Rev from ops rose 6.4% Y/Y, but total expenses rose ~14.1% due to rise in input costs

** Share price below 200-day simple moving averages but above 50-day and 100-day SMAs

** More than 950,000 shares change hands by 10:51 a.m. IST, 2.5x 30-day avg of 375,279 shares

** Both analysts covering the stock have a "strong buy" rating; median PT is 587.50 rupees - Refinitiv data

** Including session's loss, stock down 11.9% YTD

($1 = 82.6816 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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May 29 (Reuters) - Stove Kraft Ltd STOE.NS:

• INDIA'S STOVE KRAFT LTD MARCH-QUARTER LOSS 60 MILLION RUPEES VERSUS PROFIT 86.5 MILLION RUPEES YEAR AGO

• STOVE KRAFT LTD MARCH-QUARTER REVENUE FROM OPERATIONS 2.78 BILLION RUPEES VERSUS 2.61 BILLION RUPEES YEAR AGO

• STOVE KRAFT - NAMES SHUBA RAO MAYYA AS CHAIRPERSON

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** Shares of kitchen and home solutions firm Stove Kraft Ltd STOE.NS rise as much as 3.8% to 392.90 rupees

** Emerging Business Fund bought 303,047 shares of STOE in a bulk deal on Tuesday - stock exchange data

** Trade price for the deal was 373 rupees per share

** If trends hold, stock on track to advance for second consecutive sessions

** About 150,000 shares change hands by 9:47 a.m. IST, vs 30-day avg of 391,777 shares - Refinitiv Data

** Moving Average Convergence Divergence (MACD) line of the stock is over the signal line, suggesting bullish momentum

(Reporting by Priya Sagar in Bengaluru)

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