Introduction:
Stock hit a 10% upper circuit after it announced plans to diversify its business by entering the machinery and machinery parts sector in addition to its existing real estate operations. This strategic move aims to enhance long-term shareholder value and broaden the company’s market activities.
Share Price movement of Yogi:
On January 10, 2025, Yogi Ltd. opened at ₹87.00, up by 10% from the previous close of ₹82.11. The stock reached an intraday high of ₹90.32 and a low of ₹85.04. By midday, it traded at ₹90.32, reflecting a 10% increase, with a market cap of ₹270.96 crore.
Yogi share price rise:
Yogi Limited’s Board of Directors has approved an expansion into the machinery and machinery parts trade alongside its existing real estate operations, aligning with long-term growth strategies. This move is designed to diversify the company’s business scope and enhance shareholder value sustainably.
The company plans to amend its Memorandum of Association (MOA) to include the manufacture, trade, and dealings in various machinery, tools, and equipment. This broadening of scope will allow Yogi Limited to engage in a wider range of business activities and services related to machinery and equipment.
The expansion strategy includes roles as manufacturers, dealers, commission agents, and brokers among others. Yogi Limited aims to support its core activities by integrating new business sectors, potentially leading to synergies across its expanded portfolio.
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Recent news About Yogi Co:
On January 1, 2025, Yogi Limited announced that Pareshbhai Nanjibhai Patel, a promoter, disclosed the allotment of 29,80,000 warrants. These are convertible into equity shares at a face value of ₹10 each, with a premium of ₹22 per warrant.
Ace investor holding of Yogi:
Jitendrakumar P Ranka is a significant shareholder in Yogi Ltd., currently holding 537,500 shares. With the stock priced at ₹90.32, his total holding value is approximately ₹4.9 crore, showcasing his substantial investment and confidence in the company’s market performance.
Manjulata Jitendrakumar Ranka holds a close stake in Yogi Ltd., with 530,000 shares valued at ₹90.32 each. Her investment totals around ₹4.8 crore, indicating a strong belief in the company’s potential and stability in the stock market.
Stock performance of Yogi for Period of 1 week, 6 months and 1 year:
Over the past year, Yogi Ltd. has experienced significant growth in its stock performance. In just one week, the stock surged by 49.4%. Over the past six months, it gained 64.4%, and remarkably, it increased by 117% over the entire year, reflecting strong investor confidence and market performance.
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Shareholding pattern of Yogi:
| Summary | Sep-24 | Jun-24 | Mar-24 |
| Promoter | 59.00% | 54.40% | 54.40% |
| FII | 0% | 0% | 0% |
| DII | 0% | 0% | 0% |
| Public | 41.00% | 45.60% | 45.60% |
About Yogi Co:
Yogi Co is a dynamic enterprise engaged in real estate and has recently expanded into trading machinery and machinery parts. This diversification aims to enhance its market scope and shareholder value, aligning with its long-term growth strategy.
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.
