Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

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

27 Oct 2016Aakash Agarwal1 min read

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What is "Porinju Veliyath's Equity Intelligence Buys 5.8 lakh shares of Kokuyo Camlin" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 27 October 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Porinju Veliyath

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.

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.

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.