You could call it a tactical reset by the star. He has cut back on his exposure to the micro-cap, which is still 68 per cent off where it was in November 2023. The shares have inched up since, but it only puts a finer point on the strain on the fundamentals and the kind of volatility you see with a name like this that is yet to come off Big B’s books.
What changed in Bachchan’s portfolio
On Wednesday, he put through a block deal to sell 1,23,622 of the company’s shares for an average of Rs 200.84, or about Rs 2.48 crore. At the same time, he was on the other side of the table, buying 41,566 shares at Rs 199.90 each, for a total of Rs 83 lakhs.
The NSE has the figure at Rs 83.09 lakh for the buy. Over the last four quarters, the celebrity has been steady with his 2.11 per cent stake (3,27,590.00 shares), and as of the March 2026 quarter, he was sitting on 2.11 per cent, or 3.27 lakh of them. This latest round of selling represents 0.79 per cent of the company.
A long association with the micro-cap
Bachchan has been in the open with his DP Wires holding for a while, going back to the March 2018 quarter when he had 3,32,800 shares, 2.45 per cent of the firm. There was some churning in the past; his slice shrank to 1.47 per cent in the September 2023 quarter.
It all goes back to when the firm was an SME in FY18 before making the switch to the mainboard in January 2020. Then came a 1:7 bonus in November 2023, which gave the already liquid stock even more room to move.
Stock reaction and technical backdrop
Even with the reduction in his stake, DP Wires was in better form on Thursday. It was up 3.11 per cent to Rs 216.99, and at one point we saw it 2.55 per cent in the green at Rs 217.15 – a 22.37 per cent gain in as many as five sittings.
Put that in perspective, though, and you see a steeper fall from grace. The scrip is 68 per cent down on the Rs 681.45 it hit on November 17, 2023. In 2026 so far it is up 7 per cent, and over five years it has given you a 44 per cent return.
From a technical standpoint, it is trading on top of its 5-day to 200-day SMAs. But the 14-day RSI is at 74.72, which is overbought territory. With a one-year beta of 1.06, you can expect some movement.
Valuation snapshot
To put price and performance in context, here is what the top-line figures show:
– P/E ratio: 11.34
– P/B value: 1.41
– EPS: 11.34
– RoE: 7.34
Why the trim matters for DP Wires
This is happening as the financials get a little softer. Standalone sales in FY26 were Rs 480.11 crore, down from the Rs 620.93 crore of the year before. You see the same with profit, which has gone to Rs 17.58 crore from Rs 22.20 crore, a sign of waning momentum.
Crisil put it in plain terms back in September: the risk profile is on the upswing thanks to a smaller scale of operations and less from the trading arm. They noted a cooling of the operating margin in the three quarters to the end of the first of fiscal 2026. That makes for a hard road to any kind of re-rating.
Then there is the matter of who is on the other end of the trade. The exchange didn’t have the names of the other buyers in the block deal when we went to press, so it is hard to say what is fueling the bounce.
What investors should watch next
In the short run, it will be a case of momentum versus the hard numbers. The RSI and the fact that the price is above its long-term mean are good for the bulls, but the financials say to hold your horses until things level out.
Keep these in mind:
– Any new shareholding disclosures
– How the wire business is doing
– Word on the ratings or outlook
We put this out for information, not as a tip. Do your due diligence and talk to a professional before you put any money in.
