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EBITDA before forex declined 15% to Rs 262.82 crore in the third quarter of 2022 from Rs 310.83 crore posted in the same quarter of FY22. EBITDA margin reduced to 16.67% in Q3 FY23 as compared with 21.53% reported in the same period last year

"The promoters have absolutely no intention of undertaking any secondary sale of promoter stake nor does the company have any intent to raising equity capital of any form as the company has strong financial fundamentals and healthy cash profits that will meet the needs of capital for its future growth," Pricol said in a filing.

The stock quoted a 52-week high price of Rs 2864.35 and a 52-week low of Rs 2002.5.

“We believe many of these companies are great businesses, good valuations but have weak owners. Ownership changes will cause volatility in the stock price and one should size the positions well but at the same time it is a good time to look into that space. Many of the brands may be stronger than the strongest of the brands we know of. ”

Shyam Metalics and Energy, incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 7425.40 Crore) operating in Metals - Ferrous sector.

​So one should concentrate into the stock specific trading rather than doing trading the Nifty or the Bank Nifty and that is the view we are just giving to our clients.

Promoters held 68.69 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 9.21 per cent and 5.99 per cent, respectively.

“The food business is where in India the growth potential is still very huge. Now there will be some high penetration in some of the old categories, but the new categories keep on coming up. The food habits change and such companies can utilise those opportunities to actually grow further

Other top crypto tokens were also trading lower on Friday. Shiba Inu declined by over 6%. BNB, XRP, Cardano and Dogecoin were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.08 trillion, falling 3.13% in the last 24 hours

A total of 6,614 shares changed hands on the counter till 01:53PM (IST)