Vadilal Industries

The company's board on Thursday approved the purchase of the "Vadilal" brand from its promoter group entity Vadilal International; the stock later pared half of its gains

Vadilal Industries had appealed that the 8 varieties of parathas it makes should all draw the same rate as chapatis

GST rate is 5% on milk and 12% for beverage; company says product is flavoured milk

For the entire financial year 2021-22, Vadilal Industries reported nearly 10-fold jump in net profit at Rs 44.70 crore from Rs 4.63 crore in FY21

In the previous month, stock of the ice cream maker zoomed 58 per cent, as against 2 per cent decline in the S&P BSE Sensex

Vadilal Industries reported a 16 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 38 crore on the back of higher sales

The stock hit a fresh 52-week low of Rs 516.50, down 12% after investor Ashish Kacholia offloaded 5% of its equity shareholding in ice cream maker through open market on Monday.

The stock hit 52-week low of Rs 588, down 20% on the BSE in intra-day trade on back of heavy volumes in otherwise strong market.

Sources claim the company was not on the block even as one of the brothers looked for an exit

Rally due to buoyancy created on hopes of good summer season, company's strong financials

Firm had posted a loss of Rs 2.3 cr in year-ago quarter; FY16 PAT rises six times to Rs 14.4 cr