Zydus Wellness is currently trading at Rs. 1947.35, up by 63.00 points or 3.34% from its previous closing of Rs. 1884.35 on the BSE.
The scrip opened at Rs. 1938.95 and has touched a high and low of Rs. 1962.40 and Rs. 1897.05 respectively. So far 3678 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2484.00 on 30-Jul-2024 and a 52 week low of Rs. 1441.75 on 18-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1962.40 and Rs. 1770.65 respectively. The current market cap of the company is Rs. 12411.13 crore.
The promoters holding in the company stood at 69.62%, while Institutions and Non-Institutions held 23.72% and 6.67% respectively.
Zydus Wellness is all set to enter into a definitive agreement to acquire Naturell (India) (NIPL) including its wholly owned subsidiary, a leading healthy snacking company engaged in the business of manufacturing, research and development and marketing of Nutrition bars, Protein cookies, Protein Chips and health food products.
NIPL’s business portfolio includes brands - Ritebite Max Protein (Protein fueled healthy snacks) and Ritebite (fiber-enriched snacks). It commercially started its operations in 2003 and ventured into healthy snacks in 2007. The acquisition seamlessly aligns with Zydus Wellness’ strategic vision, expanding its footprint in the consumer wellness industry by foraying into the rapidly growing healthy snacking segment.
It further strengthens the company’s market presence and commitment to addressing the evolving needs and preferences of health-conscious consumers. The transaction is proposed to be funded by cash. It is expected to be EPS accretive for Zydus Wellness from the very next year post-acquisition.
The Board of Directors of Zydus Wellness at their meeting held on October 30, 2024 has approved entering into the Share Purchase Agreement (SPA) with the Promoters and other shareholders (the Sellers) of Naturell (India).
Zydus Wellness combines the best healthcare, nutrition, and cosmeceutical products to provide quality wellness products.
| Company Name | CMP |
|---|---|
| Nestle | 2161.25 |
| Britannia Inds | 4782.15 |
| Varun Beverages | 628.20 |
| Marico | 640.95 |
| Hatsun Agro Product | 1057.30 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
