Introduction:
Penny stock surged 20% after the National Company Law Appellate Tribunal (NCLAT) set aside insolvency proceedings. The ruling provides temporary relief as the company continues debt reduction efforts through asset sales while awaiting the final order to determine its financial future.
Share Price movement of Coffee Day Enterprises:
On March 3, 2025, Coffee Day Enterprises Ltd opened at ₹25.53, reaching a high of ₹25.53, up 20% from its previous close of ₹21.28, and a low of ₹23.50. Currently, it is trading at ₹25.19, with a market cap of ₹532.14 crore.
Coffee Day Enterprises share price rise:
Coffee Day Enterprises (CDEL) shares surged 20% to ₹25.65 on March 3 after the National Company Law Appellate Tribunal (NCLAT) set aside insolvency proceedings against the company. The Chennai bench of NCLAT overturned an earlier order by the Bengaluru NCLT, providing temporary relief to CDEL.
The insolvency proceedings began in August 2024 after IDBI Trusteeship Services Ltd. filed a plea over a ₹228.45 crore default. Though NCLAT initially stayed the order, IDBITSL challenged it in the Supreme Court, which directed the appellate tribunal to decide by February 21, 2025.
CDEL has faced financial difficulties since the death of its founder, V G Siddhartha, in 2019. The company has been reducing debt through asset sales while scaling down operations. The final NCLAT order is awaited, which will clarify the company’s financial future.
Also Read: Infra stocks with high dividend yield to look out for
Recent news About Coffee Day Enterprises:
Coffee Day Enterprises Ltd (CDEL) reported a consolidated net loss of ₹10.28 cr for the quarter ending Dec 31, 2024, a significant decline from the ₹69.18 cr profit in the same period the previous year. Despite a 9.15% YoY revenue increase to ₹269.34 cr, the company faced challenges impacting profitability.
Ace investor holding of Coffee Day Enterprises:
Jagat Navratna Lodha holds a 1.02% stake in Coffee Day Enterprises Ltd., owning 2,156,500 shares valued at ₹5.4 crore. His holdings remain unchanged from the previous quarter, indicating continued confidence in the company despite its financial challenges and stock volatility.
Stock performance of Coffee Day Enterprises for Period of 1 week, 6 months and 1 year:
Coffee Day Enterprises’ stock remained unchanged over the past week, showing no short-term movement. Over six months, it declined by 42.7%, reflecting ongoing financial struggles. The one-year performance saw a significant drop of 62.6%, indicating persistent challenges and investor concerns about the company’s stability.
Also Read: Dolly Khanna stocks trading at discount of more than 30% to look out for
Shareholding pattern of Coffee Day Enterprises:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 8.21 | 8.21 | 8.21 |
| FII | 0.79 | 1.03 | 0.98 |
| DII | 0.59 | 0 | 0 |
| Retail & others | 90.41 | 90.77 | 90.8 |
About Coffee Day Enterprises:
Coffee Day Enterprises Ltd. is the parent company of Café Coffee Day, India’s leading coffee chain. It operates resorts, consultancy services, and coffee trading. The company has been restructuring its business and reducing debt following financial challenges after its founder’s demise in 2019.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
