The stock has increased by 60 percent in 3 months. At the same time, the stock has gained 50 percent in one year. Whereas, the return of the stock in three years is only 25 percent. FIIs have reduced their stake. The stake has fallen from 45.73 percent to 25.98 percent in one year. Apart from this, the good news is that the pledged shares of the promoters have reduced. Compared to September 2024, it has come down from 100 percent to 78.49 percent in December 2024. The stock is now locked on the upper circuit.
Know about the company- This is Kiri Industries Limited (KIL). This is an Indian company. According to the information released on the company's website, it manufactures and sells dyes, dye intermediates, and basic chemicals.
The company also exports to many countries. The company was started in the year 1998 and it exports its goods globally. Now the big news has come- The company told on the exchange that the SINGAPORE court has rejected the appeal of SENDA INTERNATIONAL CAPITAL'S. Now the company will get Rs 5200 crore as interest. Whereas, the market cap of the company is Rs 3500 crore. Share reached upper circuit close to the news- The company's share opened at Rs 598.00 on 31 January 2025 against the closing price of Rs 581.80. After this the share crossed Rs 630. A few seconds ago i.e. at 11 o'clock the share has been locked on the upper circuit. A case related to DyStar Global Holdings (Singapore) Pte Ltd was going on in the Singapore International Commercial Court (SICC). Kiri Industries had bought a 37.57% stake in DyStar, but a dispute arose with the partner company Senda International Capital Limited. In this dispute, SICC ruled in favor of Kiri Industries and valued their stake in DyStar at $603.8 million (about ₹5300 crores). According to the decision, Senda International Capital will have to buy Kiri Industries' stake in DyStar. This case was seen as an important legal victory in the Indian industry.