STYLAMIND

** Stylam Industries STYL.NS slides 8.4% to 1,752 rupees, lowest since June 26, 2024

** Plywood boards maker's Q3 consol net profit falls 4.8% y/y; rev rises 18.6% y/y

** STYL rose 28.4% in 2024

(Reporting by Vijay Malkar)

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** Shares of laminates maker Stylam Industries STYL.NS rise as much as 6.6% to record high of 2,090 rupees

** Equirus Secutities initiates stock with "long" rating and PT of 2,489 rupees – second-highest on Street

** Brokerage likes STYL's domestic and exports growth over last 7 years; expects revenue and PAT to rise at compounded growth rate of 18% and 13% for FY24-27 respectively

** Highlights STYL's net-debt free status and believes upcoming laminates plant and entry into new markets will help it bolster exports

** Export will continue to form about two-thirds of STYL's rev - Equirus

** Avg recommendation of five analysts excluding Equirus is a "buy" - LSEG data

** Stock last up 5%, extending YTD gains to ~20%

** STYL outperforms Greenlam Industries' GEEN.NS 10% rise and Century Plyboards' CNTP.NS 5% fall

(Reporting by Nandan Mandayam in Bengaluru)

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May 27 (Reuters) - Stylam Industries Ltd STYL.BO:

• MARCH-QUARTER CONSOL NET PROFIT 375.7 MILLION RUPEES VERSUS 267.9 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.40 BILLION RUPEES VERSUS 2.37 BILLION RUPEES

Source text for Eikon: ID:nBSEDSdNx

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** Shares of Stylam Industries STYL.BO rise as much as 9.5%, last up ~4% to 1,602.3 rupees

** Japanese firm Aica Kogyo 4206.T is looking to acquire 14% stake in the laminates and allied products maker, CNBC-TV18 reports, citing sources

** Stylam and Aica Kogyo did not immediately respond to Reuters' request for comment

** Aica to launch open offer for additional 26% in STYL, report says, if the offer fails, Aica plans to buy total 40% stake in STYL

** Aica Kogyo develops agro-chemical products and makes laminates and building materials

** STYL shares on track to see biggest one-day jump since early April

** Stock eyes busiest trading day since late Jan., volumes at 2.6x the 30-day avg

** Including session's gains, stock down ~7% YTD

($1 = 83.5025 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Jan 29 (Reuters) - Stylam Industries Ltd STYL.BO:

• DEC-QUARTER CONSOL NET PROFIT 313.3 MILLION RUPEES VERSUS PROFIT 240.3 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.15 BILLION RUPEES VERSUS 2.34 BILLION RUPEES

Source text for Eikon: ID:nBSE6YYG58

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Aug 7 (Reuters) - Stylam Industries Ltd STYL.BO:

• JUNE-QUARTER CONSOL NET PROFIT 277.8 MILLION RUPEES VERSUS 209.5 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.26 BILLION RUPEES VERSUS 2.35 BILLION RUPEES

Source text for Eikon: ID:nBSE83CHkq

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May 5 (Reuters) - Stylam Industries Ltd STYL.BO:

• INDIA'S STYLAM INDUSTRIES LTD MARCH-QTR CONSOL NET PROFIT 267.9 MLN RUPEES VS PROFIT 165.8 MLN RUPEES

• STYLAM INDUSTRIES LTD MARCH-QTR CONSOL REV FROM OPS 2.37 BLN RUPEES VS 1.80 BLN RUPEES

• APPROVED PROPOSAL FOR SETTING UP A PLANT FOR THE MANUFACTURE OF LAMINATES IN UNIT STYLAM PANELS

• TOTAL COST OF THE PROJECT WILL BE AROUND 1.50 BILLION RUPEES

Source text for Eikon: ID:nBSEbLrQMX

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** Shares of Stylam Industries Ltd STYL.NS rise as much as 2.52% to 1,139.10 rupees, highest since Feb. 16

** Domestic brokerage firm PhillipCapital initiates coverage of laminates and solid surface panels maker with "buy" rating

** Sets target price of 1,710 rupees, implying an upside of 54% to last close

** PhillipCapital expects STYL to see a compounded annual growth rate of 27% in its exports segment over FY2022-25

** Adds co's loyalty programme for dealers will help expand presence in domestic market

** Expects STYL stock to re-rate due to higher earnings growth, strong cashflow and high return ratio

** More than 30,700 STYL shares change hands, as of 2:28 p.m. IST, nearly twice the 30-day avg of 17,817 shares - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 21 (Reuters) - Stylam Industries Ltd STYL.BO:

• TO CONSIDER PROPOSAL TO SETUP NEW PLANT FOR MANUFACTURING OF LAMINATES SHEET

Source text for Eikon: ID:nBSE8mt4vc

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