Wealth Destroyer: Another recent listing down nearly 60% from IPO price; Growth guidance missed
Shares of Sai Silks (Kalamandir) Ltd. declined 5% on Thursday, April 2, after the company reported its provisional update for the fourth quarter. The company’s revenue increased 5% to ₹419 crore from the previous year’s ₹399 crore. This was lower than its guidance of 15% growth. For the financial year 2026, the company’s turnover increased…
