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Stocks

Porinju Veliyath’s Equity Intelligence Buys 5.8 lakh shares of Kokuyo Camlin

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Kokuyo Camlin – engaged in manufacturing of stationery products and art materials. It offers technical and drawing instruments, writing instruments, office stationery, adhesives, notebooks, fine art, hobby art and scholastic products. Kokuyo of Japan holds around 51% stake in Kokuyo Camlin.
Camlin started operations as “Dandekar & Co.” with “Horse Brand” Ink powders and tablets in 1931, and shortly started producing “Camel ink” for fountain pens.
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The company announced their Q2 results just this week. Operating Income remained flat while losses from operations increased from just Rs. 0.6 lakhs to Rs. 36 lakhs.
Porinju Veliyath
PMS Equity Intelligence headed by Ace Investor Porinju Veliyath purchased 582,375 shares representing 0.58% of the share capital. While the stake was purchased at a price of Rs. 82.56/- per share, the stock is already up to Rs. 90.55/- in the early trades this morning.

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