Kela’s 1.12% holding translates to nearly 2.9 lakh equity shares in the company. She is the wife of veteran investor Madhusudan Kela.
The stake purchase comes at a time when the stock has seen prolonged underperformance. Over the past three months, shares of Emkay Global Financial Services have declined 14%, compared with a roughly 3% fall each in the Nifty and the BSE Sensex. Its one-year return has also moderated to about 3%.
Despite the recent weakness, the multibagger stock—up 283% over the last three years—is still trading above its 50-day and 200-day simple moving averages of Rs 281 and Rs 256, respectively, according to Trendlyne data.
Also Read: Vijay Kedia adds smallcap power stock to portfolio in December quarter. Check details
However, the current weakness is also accompanied by elevated volatility, with Emkay Global’s one-year beta at 1.2, according to Trendlyne. Beta measures a stock’s sensitivity to market movements, and a reading above 1 indicates higher-than-average volatility.
While the company is yet to announce its Q3FY26 earnings, the company’s July-September quarter (Q2FY26) was weak with consolidated net profit falling 98% on a year-over-year basis from Rs 26 crore in the year ago period to Rs 0.5 crore in the said quarter. The total revenue was down 33% to Rs 77 crore versus Rs 115 crore reported in the corresponding quarter of the last financial year.Emkay Global Financial Services’ current market capitalisation is around Rs 725 crore on the BSE.
The stock closed 1.6% lower on the BSE on Friday at Rs 282.75.
Also Read: Rekha Jhunjhunwala ups promoter stake by 1,253 bps to 15.57% in Star Health in December quarter
Disclaimer: (Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
Source link
