Penny Stock Below Re 1 Falls 8% with Heavy Volume: Company approved acquisition of 51% stake in PavaPuri Export as part of business expansion!
DSIJ Intelligence-1 / 17 Jul 2025/ Categories: Penny Stocks, Trending
The stock is down by 42 per cent from its 52-week high of Rs 1.38 per share while it is up by 27 per cent from its 52-week low of Rs 0.63 per share.
On Thursday, shares of Sattva Sukun Lifecare Ltd fell 8 per cent to Re 0.80 per share from its previous closing of Re 0.87 per share with a spurt in volume by more than 6 times on the BSE.
Sattva Sukun Lifecare Limited, formerly Mayukh Dealtrade Ltd, is seeking shareholder approval to acquire 51% or more of the equity shares in M/s PavaPuri Export Private Limited, a Mumbai-based diamond trading company. This strategic investment, amounting to ₹1000 Lakhs, is part of Sattva Sukun Lifecare Ltd's broader plan for business expansion and diversification, aiming to enhance its market position and enter new ventures. The acquisition would make PavaPuri Export Private Limited a subsidiary of Sattva Sukun Lifecare Ltd. A special resolution is required for this acquisition due to the investment exceeding the prescribed limits under the Companies Act, 2013.
Earlier, the company began expanding its manufacturing operations with a new facility in Firozabad, Uttar Pradesh. This expansion aims to significantly boost the production of high-quality glassware, including table lamps, decorative hanging lamps, and chandeliers, for both domestic and international markets. The facility will leverage Firozabad's renowned glassmaking expertise and utilise Geographical Indication (GI)-certified practices. This approach will preserve traditional craftsmanship, strengthen brand differentiation, enhance export potential, build consumer trust, improve operational margins, and support local employment.
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About the Company
Sattva Sukun Lifecare Limited is a leading manufacturer of premium aroma and home decor products, including Aroma Diffusers, Dhoop Burners, Essential Oils, Camphor Products, and Decorative Lamps. They serve both corporate and retail clients, emphasising quality and innovation. Their products are widely available online through platforms like JioMart, Amazon, Flipkart, Meesho, Snapdeal, and IndiaMART, reflecting their commitment to customer satisfaction and growth.
According to Quarterly Results, the net sales increased by 6 per cent to Rs 1.05 crore and net profit increased by 75 per cent to Rs 0.84 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 48 per cent to Rs 5.26 crore and net profit increased by 109 per cent to Rs 2.49 crore in FY25 compared to FY24.
The stock is down by 42 per cent from its 52-week high of Rs 1.38 per share while it is up by 27 per cent from its 52-week low of Rs 0.63 per share. The company has a market cap of over Rs 30 crore with a PE of 20x whereas the industry PE is 20x.
Disclaimer: The article is for informational purposes only and not investment advice.