Archive · 6 Jan 2026
Sai Silk Kalamandir Shares Drop 12%
Sai Silk Kalamandir Ltd.
is a company that sells silk products.
On Monday, their shares dropped by 12%, making them the biggest losers on the BSE Smallcap index.
This happened because they released a business update that wasn't very good.
Their turnover for the last quarter was lower than the same time last year.
However, their revenue for the first nine months of the year increased by 16%.
They also opened five new stores.
A lot of their shares were traded on Monday, more than usual.
Since their initial public offering (IPO) in September 2023, their stock has dropped by 40% from the IPO price.
Sai Silk Kalamandir Ltd. shares fell 12% on Monday, making them the top losers on the BSE Smallcap index.
The company's turnover for the third quarter was ₹411 crore, 8% lower than the same quarter last year.
Revenue for the first nine months of the financial year increased by 16% year-on-year to ₹1,235 crore.
Sai Silks opened five new stores during the quarter, including one under the Kanchipuram Varamahalakshmi Silks format and four under the Valli Silks format.
The stock has dropped 40% from its IPO price of ₹222 per share, with the majority of the decline occurring in the last three months.
- Who
- Sai Silk Kalamandir Ltd.
- What
- Shares dropped 12% on Monday
- When
- Monday, after a business update over the weekend
- Where
- BSE Smallcap index
- Why
- Due to an underwhelming business update for the third quarter
- Company
- Sai Silk Kalamandir Ltd.
- Stock Exchange
- BSE Smallcap index
- Q3 Turnover
- ₹411 crore
- Q3 Last Year Turnover
- ₹449 crore
- 9-Month Revenue
- ₹1,235 crore
- 9-Month Last Year Revenue
- ₹1,063 crore
- New Stores Opened
- 5
- Shares Traded
- 62 lakh
- Shares Marked for Delivery
- 24.3 lakh
- Average Delivery Volume
- 2.6 lakh
- IPO Price
- ₹222 per share
- Current Stock Drop
- 40% from IPO price