DSIJ Mindshare

Earlier, the company paid back Rs 70 million approx., taking the total amount of bank debt down to Rs 650 million approx. and the overall bank-debt reduction till date from the peak to Rs 962 million. It is pertinent to add that the company has set a goal for becoming a 100 per cent debt-free entity within FY 2023-2024 under a debt reduction program.

The broader market sentiment was cautiously positive, as around 1002 stocks advanced compared to 984 declining stocks, indicating a mix of caution and optimism in the market.

These stocks from S&P BSE 250 SmallCap space were trading in the green after strong demand from buyers.

Shares of the company have gained more than 140 per cent in the last one year.

According to the annual consolidated results, the net sales increased by 5.42 per cent, the operating profit increased by 16.78 per cent and the net profit skyrocketed by 25.06 per cent in FY23 over FY22.