On the first day of 2025, Deepak Spinners Limited made a significant announcement. The company informed the stock exchanges on Wednesday that its Chief Financial Officer (CFO), Poonam Chand Sharma, has resigned from the position. This announcement was made after market hours, and its impact on the stock may be visible in the next trading session.
Wednesday’s Stock Performance
On Wednesday, Deepak Spinners’ stock closed nearly half a percent higher, around the ₹200 level. However, the stock has been underperforming over the long term, causing losses for investors.
- A year ago: The stock was trading above ₹255.
- Current level: The stock is now trading below ₹200.
- 52-week low: ₹175 (recorded on November 18, 2024).
- 52-week high: ₹320 (recorded on January 11, 2024).
22% Decline Over the Past Year
Over the past year, Deepak Spinners‘ stock has fallen by 22%. Additionally, it is down more than 37% from its 52-week high.
Financial Snapshot of the Company
- Market Cap: ₹142.96 crore.
- Promoter Holding: 45.95%.
- Total Debt: ₹42.93 crore.
- 3-Year Performance: The stock has seen a 10% decline over the past three years.
What Does This Mean for Investors?
The resignation of a CFO is a critical development for any company and can have an immediate impact on its stock performance, especially for a company already facing challenges.
Investor Strategy
Investors holding Deepak Spinners shares should remain cautious following this news. Considering the stock’s current performance and historical trends, long-term investment decisions should be made after consulting financial experts.
Future Outlook
The CFO’s resignation may lead to changes in the company’s financial strategies. Investors and market watchers will be keen to see when a new CFO is appointed and how this impacts the company’s growth trajectory.
Disclaimer
The news you have read is for informational purposes only. Our website, https://stocknewshub.in/, provides updates on stock market companies, including the latest news, bonuses, dividends, IPOs, and more. Please note that the Indian stock market is subject to risks, and investing in it can lead to financial losses. It is advisable to consult a professional financial advisor before making any investment decisions. Additionally, our website is not registered with SEBI.
