Introduction:
Gas stock faced the cancellation of its allocated OMC tender for biodiesel supply due to administrative reasons, impacting projected revenue. However, a new tender for April to July 2025 has been announced, and the company plans to participate, ensuring continued market presence.
Share Price movement of Kotyark Industries:
On March 17, 2025, Kotyark Industries Limited opened at ₹403.75, with a high and low of ₹403.75 , down 5.00% from its previous close of ₹425.00, hitting its lower circuit. The stock is currently trading at ₹403.75, with a market cap of ₹415.02 crore.
Kotyark Industries hits 5% lower circuit:
Kotyark Industries Limited announced the cancellation of its previously allocated OMC tender for biodiesel supply. Despite allocation, no purchase order was issued, and on March 13, 2025, OMCs informed the company that the tender was withdrawn due to internal administrative reasons.
The cancellation is expected to impact the company’s projected revenue for the fiscal year. However, OMC has now published a new tender for biodiesel supply covering April to July 2025, providing another opportunity for participation in the upcoming procurement cycle.
Kotyark Industries intends to bid for the new tender, which has a submission deadline of March 20, 2025. The company remains committed to securing supply contracts and maintaining its presence in the biodiesel market despite challenges in the procurement process.
Also Read: Recently listed stock falls 15% after IPO lock-in expiry, 60% down since listing
Ace investor holding of Kotyark Industries:
Ace investor Akash Bhanshali holds 1.08% stake in Kotyark Industries Ltd, with 110,600 shares valued at ₹4.5 crore. His investment reflects confidence in the company’s potential in the biodiesel and energy sector, underlining his strategic position in sustainable energy-related stocks.
Stock performance of Kotyark Industries for Period of 1 week, 6 months and 1 year:
Kotyark Industries stock declined by 14.2% over the past week, indicating short-term weakness. Over six months, it fell 51.8%, reflecting ongoing volatility. In the past year, the stock dropped 58.9%, highlighting significant investor concerns and prolonged downward performance.
Also Read: Stock jumps 7% after receiving order worth ₹1,267 Cr from Power Grid Corporation and others
Shareholding pattern of Kotyark Industries:
| Summary | Sep-24 | Mar-24 |
| Promoter | 67.70% | 67.70% |
| FII | 0.90% | 0.90% |
| DII | 0.60% | 0.60% |
| Public | 30.90% | 30.80% |
About Kotyark Industries:
Kotyark Industries is a company focused on the production and supply of biodiesel, catering to the energy and transportation sectors. It plays a significant role in India’s renewable energy market, contributing to sustainable fuel solutions and supporting the nation’s environmental goals.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
