Investing in a good business has always been attractive. But making profit from any business is the most important. Dolly Khanna has also done something similar. In 2021, he decided to reduce his stake in the stock from which he had made profit. Dolly Khanna earlier held 1.55% stake in Deepak Spinners Company in the quarter ended March. Which has been reduced to 1.42%.
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How much share does Dolly Khanna have in the company?
According to the share holding pattern of the fourth quarter, Dolly Khanna now holds only 1,01,781 shares of the company. That is, they have around 1.42% stake. While Dolly Khanna held 1,11,781 shares or 1.55% stake as per the shareholding pattern for the quarter ended December. That is, during the March quarter, Dolly Khanna has decided to sell 10,000 shares.
However, it is not yet clear whether Dolly Khanna has sold all the shares in one stroke or whether the stock has been sold in a phased manner.
How is the company’s performance
During the last one year, the share price of the company has increased from Rs 90 to Rs 290. That is, a jump of about 200% has been seen during this period. This year also the company has done well. In the year 2022, the share price of the company has reached the level of Rs 290 from Rs 277. That is, investors have got 4.5% return during this period. The company’s shares had reached a level of Rs 468.85 in July 2021. Which is the highest price ever.