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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Shares of the bank gained more than 30 per cent in the last six months.

The company’s current order book stands at Rs 30,125 crore, a growth of 27 per cent YoY. Out of the total order book, 71 per cent are domestic orders and 29 per cent are international. Furthermore, the company’s order book including the L1 orders is over Rs 35,000 crore.

The company has set the buyback price at Rs 94 per share.

Check instantly company’s operating loss widens in the June quarter, ROCE and ROE are also negative.

The company has a market cap of over Rs 1,300 crore and has delivered good profit growth of 49.8 per cent CAGR over the last 5 years.  Additionally, the company reported excellent numbers in its quarterly results (Q1FY24) and annual results (FY23).