DSIJ Mindshare

Before divesting, he possessed a 4.34 per cent ownership in the company, but following the sale of a 0.6 per cent stake, his current ownership in the company stands at 3.74 per cent.

Shares of the company gained more than 20 per cent in the last six months.

In comparison to Q1FY24 vs Q1FY23, the net sales decreased by 3.76 per cent to Rs 59.32 whereas net profit skyrocketed 230 per cent to Rs 4.51 per cent. In FY23, the net sales increased by 41.2 per cent to Rs 233 crore and net profit increased by 83 per cent to Rs 11 crore compared to FY22.

In the recent trading session, the company’s stock is hitting back-to-back upper circuits. At present, the stock is trading at 0.35 times its book value of Rs 55.70 each.

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