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Repro India Share: Shares of printing and publication services provider company Repro India Limited saw a stormy rise on Monday. On the first trading day of the week, the company’s shares traded above 5%. Shares of Repro India on BSE were earlier Rs. 828.60 against a closing level of Rs. opened at 848.10. After this, it traded on BSE with an upper circuit of 5% at Rs. Closed at 870. This increase in Repro India shares is due to a news related to the company.
Morgan Stanley Asia Pte bought the stake
In fact, Morgan Stanley Asia (Singapore) Pte bought 1.65 lakh shares (1.24 per cent equity) of Repro India Limited through the open market at an average price of Rs 800 per share. Major investors Vijay Kedia and Ashish Kacholia held 6.84% stake (9.06 lakh shares) and 3.48% stake (4.60 lakh shares) respectively in the stock at the end of June 2023 quarter. Repro India’s market cap increased to Rs. 1152.67 crore has been done. The stock of Repro India Ltd. touched a 52-week high of Rs.882.60 on August 18, 2023 and a 52-week low of Rs.338 on March 28, 2023. The stock has gained 83.80% in one year and is up 121.97% since the beginning of this year.
June quarter profit
Repro India reported 13% revenue growth (year-on-year) in the June quarter to Rs. 120 crore was registered. The company’s digital business saw a 31 percent increase in revenue year-on-year. Ebitda increased by 46 percent year-on-year to Rs. 13 crore has happened. Ebitda margin increased to 10.9% from 8.4% during the same period. June 2022 quarter profit up 1,688% to Rs. 3.04 crore which in the first quarter was Rs. was 0.18 crore. Repro India Limited is engaged in the business of providing print, content and fulfillment solutions. The company prints magazines, maps, posters, books and brochures etc.