Spinner Deepak’s shares were locked in 20 percent of the top circuit on June 25, after Ace Investor Dolly Khanna chose equity stocks in the company.
Stock was closed at the 201.90 RS at BSE, up 20 percent from the previous closing. This trades with a volume of 3.84 shares of Lakh equity.
Dolly Khanna acquired 76,555 shares of equity in the Chandigarh-based textile company (representing 1.06 percent of total paid equity) at Rs 167.21 per share in BSE, bulk offer data showed on June 24. Dolly Khanna has a nine-stock portfolio of RS 233 Crore, MoneyControl data powered by Trendlyne shows.
However, Suvrat Jain is a seller in agreement, burdening 41,302 equity shares in the company with Rs 156.43 per share.
Spinner Deepak reported a profit growth of 38.8 percent in Rs 9.34 Crore for the quarter that ended March 2021. Revenue grew by 32.4 percent to Rs 111.32 Crore compared to last year’s quarter. The growth is partially led by a low base in Q4FY20 which is influenced by the locking led covid.
In the full year of FY21, Covid’s year, the company recorded a profit growth of 5.4 percent at Rs 15.69 Crore, but revenues fell 13.9 percent to Rs 396.57 Crore compared to the previous year.
Deepak Spinners on June 23 recommends dividends Rs 2 per share equity.
