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Deepak spinners at upper circuit

 In last one month Deepak spinners has delivered around 40% profit but 20% growth came on a single day today with the stock touching upper cicuit. Well what could be the reason? Deepak spinners being a small cap company with just Rs 145cr market cap the ace investors dolly Khana did a bulk deal on thursday of Rs 1.28 cr almost a 1.06 % stake in the company. While the company has shown only a 500%profit in the long term perspect after listing the textile company has grown almost over 200% in last 1 year.   But is it good time to invest now. Well some of the pros in companies favour are that it is trading at 0.76 times it's book value. The company has also reduced its debt over time and hence could also focus at a better profit soon in the long term. While the companies operating profits seem to have grown well in the last 3 quarters the company has a poor sales growth. While the companies profit hasn't had a decline in last 5 years it is also important to consider that the compa
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