With a market capitalization of Rs 1,917 crore, the shares of this leading player in decorative aesthetics fell by 11 percent in two trading sessions after an ace investor sold a stake in the company.
At 2:30 p.m., SJS Enterprises Ltd shares were trading at Rs 615.20 a share, down 4.06 percent from the previous close price on the National Stock Exchange.
According to NSE data, Ace investor Ashish Kacholia sold 1.60 lakh equity shares at an average price of Rs 653.22 per share, reducing his stake by 0.51 percent. Before the disinvestment, he owned 10,03,891 equity shares in the company, representing a 3.23 percent ownership as of September 2023.
In the last six months, the stock has gained 29 percent and in the last year stock has gained 31 percent.
The Company revenue increased by 7.5 percent year on year, from Rs 81 crores in Q2FY23 to Rs 87 crores in Q2FY24. During the same period, Net Profit declined by 6 percent, from Rs 17 crores to Rs 16 crores.
In the recent financial year, the company reported a net profit margin of 19.84 percent and an operating profit margin of 26.79 percent.
As per the recent shareholding pattern, the company’s promoters hold a 21.8 percent stake, while Foreign Institutional Investors hold a 14.27 percent stake and retail investors hold a 33.41 percent stake in the company.
SJS Enterprises Ltd is one of the leading players in the Indian decorative aesthetics industry in terms of revenue. The company offers a wide range of products primarily in the automotive and consumer appliance industries.
Written by Omkar Chitnis
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