1 year ago

Why Is Investor Dhawan Still Holding These Penny Stocks?

Why Is Investor Dhawan Still Holding These Penny Stocks?
Down 96%: Why is a star investor still holding this penny stock? · financialexpress.com

Imagine a famous investor, like a stock-picking expert, who's put money into two small companies, Dish TV and Palred Technologies.

These companies haven't been doing well financially, and their stock prices have dropped significantly.

Despite this, the investor, Ashish Dhawan, hasn't sold his shares.

Dish TV has seen declining sales, with the stock trading far below its peak price, while Palred has also struggled with sales and profits.

This has made people curious about why Dhawan is still holding onto these investments, especially since these are considered risky 'penny stocks'.

Key facts

Dish TV Market Cap
Rs 913 cr
Palred Tech Market Cap
Rs 64.2 cr
Dhawan's Dish TV Stake
1.6%
Dhawan's Palred Stake
5.5%
Dish TV Stock Decline
96% from all-time high
Palred Stock Decline
85% from all-time high

Quotes

Manoh Dobhal

Chairman and Executive Director of Dish TV

“Dish TV recognises that the media consumption landscape is undergoing a transformative shift, as audiences increasingly engage with content across both traditional and digital platforms.”
financialexpress.com
“In response, our Company has embraced innovation and proactively adapted our strategies to connect with today’s discerning viewers.”
financialexpress.com

Palem Supriya Reddy

Chairperson & Managing Director of Palred Technologies Ltd

“We acknowledge that FY 2024–25, like the year before, did not meet our financial expectations.”
financialexpress.com
“However, these years have been transformational in forcing us to rethink our execution models, sharpen our strategic priorities, and build greater internal discipline.”
financialexpress.com

Sources

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