With a market capitalization of Rs 1,915 crore, the shares of this leading player in decorative aesthetics fell around 3 percent to Rs 615 per share a day after Ashish Kacholia sold a stake in the company.
According to NSE data, Ace investor Ashish Kacholia sold 3.47 lakh equity shares at an average price of Rs 627.77 per share, on Wednesday, November 23, 2023.
In addition to this, On November 8, 2023, He sold 1.60 lakh equity shares at an average price of Rs 653.22 per share, reducing his stake by 0.51 percent.
At 11:53 a.m., SJS Enterprises Ltd shares were trading at Rs 615.45 a share, down 2.59 percent from the previous close price on the National Stock Exchange.
As of the September quarter of 2023, Before the disinvestment, Ashish Kacholia held 10,03,891 equity shares in the company, representing 3.23 percent.
SJS Enterprises Ltd shares have gained 31 percent in the last six months and 34 percent in a year.
The Company revenue has 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.
The company has maintained better margin growth over the years. 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 Domestic institutional investors hold a 30.53 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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