Indian Home Retail Company’s stock is in focus after it hit a 5 percent Upper circuit following the reporting of, Pinewood Strategy buying stake worth 96 lakh or 0.55 percent of the Company.
Share Price Movement
With a market capitalization of Rs. 178 Crore, the stock of Praxis Home Retail opened at Rs. 13.34, which is 5 percent up and an Upper Circuit from yesterday’s close. Additionally, the Yearly return for the stock is -27 percent, and the past 5-year return is -45 percent.
Bulk Deal Update
Pinewood Strategy’s India opportunities growth fund bought 750,000 Shares at an average price of Rs. 12.88 per share, worth Rs. 96,60,000 or 0.55 percent.
As of Q3FY25, Pinewood Strategy’s India Opportunities growth fund publicly holds 12 stocks with a net worth of over Rs. 1,493.40 Crore. Major Shareholdings Include CEAT, GKW, Kiri Industries, Black Box, and Monarch Networth Capital.
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Financial Highlights
The company reported a 46.97 percent YoY decrease in revenue from Rs. 64.04 Crore in Q3FY24 to Rs. 33.96 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 28.88 percent in revenue from Rs. 26.35 Crore in the previous quarter.
Company Reported a Net loss of Rs. 18.55 Crore in Q3FY24, and their Net loss reduced to Rs. 8.33 Crore in Q3FY25. However, on a QoQ basis, their Net loss increased from 2.57 Crore.
About the Company
Praxis Home Retail Limited is an Indian retail company specializing in home improvement and furnishing solutions. It operates under the brand “HomeTown,” offering a wide range of furniture, home décor, modular kitchens, furnishings, and home essentials. With a mix of physical stores and an online presence, the company provides customers with modern and affordable home solutions.
Written By Abhishek Das
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