Shankar Sharma booked profit in this beaten chemical stock

Shankar Sharma Shareholding

As per the shareholding pattern of Ishan Dyes & Chemicals Ltd for the Q2FY23 period, Shankar Sharma’s name is missing from the list of shareholders who hold 1 per cent or more stake in the company. However, in the shareholding pattern of Ishan Dyes & Chemicals for Q1FY23, Shankar Sharma held 5.49 lakh shares of the company, which was 2.62 per cent of the total paid-up capital of the company. So, Shankar Sharma The chemical stock has reported profits during the July to September 2022 quarter. However, it will be difficult to establish whether Shankar Sharma has sold his entire shares or has sold his shares to such an extent that his stake in the company has come down to less than 1 per cent of the total paid-up capital of the chemical company.

As per the rules of the exchange, it is mandatory for a listed company to share the names of those shareholders who hold 1 per cent or more in the company. However, the company is not bound to share the details of the sale and purchase of shares.

Ishaan Dyes & Chemicals shares price history

Ishaan Dyes & Chemicals shares are among the beaten-down stocks of 2022. in year-to-year (YTD) time, Ishaan Dyes & Chemicals share price has slipped around from 97 At 65.50 levels, a decline of more than 30 percent in 2022. Over the past six months, the stock has gained about . has fallen from from 148 65.50 level with a fall of over 55 per cent in this period. The small-cap chemical stock has lost over 10 per cent in the past one month.

The market cap of the small-cap chemical company ended with 120 crores in Thursday’s session. The BSE listed stock had a trade volume of 69,431 on Thursday and its Earnings Per Share (EPS) is 3.59. The chemical stock’s current PE multiplier is at 18.25 while the sector PE is 32.