Introduction:
Leading power company has approved a share split, converting 1 equity share of ₹2 face value into 2 shares of ₹1 each. This move, approved through a postal ballot, also includes amendments to its MOA and AOA, increasing authorized share capital.
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Share price movement of NAVA:
On December 24, 2024, Nava Ltd opened at ₹985.35, up 0.39% from its previous close of ₹981.45. The stock reached a high of ₹1,016.95 (3.6%) and a low of ₹985.35. By 11:30 AM, it traded at ₹994.55, a 1.33% increase, with a market cap of ₹15,554.15 crore.
NAVA Limited Approves Share Split and Amendment to MOA and AOA:
NAVA Limited has announced the approval of a sub-division of its equity shares, splitting 1 equity share of ₹2 face value into 2 equity shares of ₹1 each. This decision was made via postal ballot on December 21, 2024.
As a result of this share split, the company has amended Clause V of its Memorandum of Association (MOA) and Article 3 of its Articles of Association (AOA), increasing the authorized share capital. The authorized capital will remain ₹50 crore, but divided into 50 crore shares.
NAVA Limited to maintain its capital structure while increasing the number of shares in circulation. This move is expected to make the company’s stock more accessible to a broader range of investors. The details of these amendments are available on the company’s investor relations website.
Recent news on NAVA:
As of December 04, 2024, NAVA reported a 69.33% increase in quarterly net profit to ₹251.08 crore, while net sales declined by 2.33%. EBITDA rose 14.35%, and EPS surged to ₹17.30. The stock has delivered strong returns over 6 and 12 months.
Ace investor holding in NAVA:
Sunitha Vemulapalli
Sunitha Vemulapalli holds a 1.39% stake in Nava Ltd, owning 2,016,630 shares valued at ₹201.1 crore. Her substantial holding showcases her involvement in the company, marking a significant contribution to its shareholder structure and reflecting confidence in its performance.
Manisha Lodha
Manisha Lodha holds a 1.00% stake in Nava Ltd, owning 1,455,000 shares valued at ₹144.6 crore. Her investment highlights confidence in the company’s future prospects and reflects a significant position within its shareholder structure.
Stock performance of NAVA for Period of 1 week, 6 months and 1 year:
Nava Ltd has experienced a -3.98% return over the past week, but shows strong growth with a 35.3% return over the last six months and an impressive 116% return over the past year, reflecting robust long-term performance.
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Shareholding pattern of NAVA:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 48.90% | 48.90% | 48.80% |
| FII | 11.00% | 9.30% | 8.90% |
| DII | 0.20% | 0.20% | 0.20% |
| Public | 40.00% | 41.60% | 42.10% |
About NAVA:
Nava Ltd (NSE: NAVA) was incorporated in 1972 as Nava Bharat Ventures Ltd. It operates in ferro alloys, sugar production, mining, and power generation. The company has diversified into various sectors, with operations in Telangana, Odisha, and Andhra Pradesh.
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.
