Synopsis:
Cricketer Rohit Sharma has reduced his stake in Reliable Data Services Ltd by selling 53,200 shares for around Rs. 87.2 lakh.
This company is an India-based company specializing in IT services, data solutions, and technology consulting is in the spotlight after cricketer Rohit Sharma sold his stake worth 87 lakhs in the company.
With market capitalization of Rs. 160 cr, the shares of Reliable Data Services Ltd are currently trading at Rs. 155.71 per share, locked at 5% lower circuit in today’s market session, from its previous close of Rs. 163.91 per share.
Rohit Sharma Reduces Stake in Reliable Data Services Ltd
Cricketer Rohit Sharma has sold 53,200 shares of Reliable Data Services Ltd, a Delhi-based IT services company, representing 0.52% of the company’s total equity. The shares were sold at a price of Rs. 163.91 per share, resulting in total proceeds of approximately Rs. 87.2 lakh.
According to the March 2025 shareholding pattern, Rohit Sharma held 1 percent stake in the company. But his name didn’t appear in June’s shareholding pattern. As his holding would have fallen below the 1 percent mark.
Reliable Data Services Ltd is an Indian IT firm providing software development, system integration, and digital solutions across various sectors. The transaction reflects a partial divestment by the celebrity investor, while he continues to hold a portion of the company’s equity. This move has drawn attention in the market due to Rohit Sharma’s celebrity investor profile and the firm’s steady presence in the IT services sector.
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About the company
Reliable Data Services Ltd is an India-based company specializing in IT services, data solutions, and technology consulting. The firm provides a range of services including software development, system integration, and digital solutions to clients across various sectors. Known for its focus on innovative technology and reliable service delivery, the company aims to support businesses in enhancing efficiency and digital transformation.
For the quarter ended June 2025, the company reported a strong year-on-year growth across key financial metrics. Sales surged 93% to Rs. 39.4 crore from Rs. 20.5 crore in June 2024, while EBIDT rose 16% to Rs. 4.27 crore.
Net profit increased 31% to Rs. 1.68 crore, compared to Rs. 1.45 crore in the same period last year, translating to an EPS of Rs. 1.63, up from Rs. 1.24. Despite a sequential decline from March 2025 levels, the overall YoY performance indicates robust growth.
Cricketer Rohit Sharma sold 53,200 shares (slightly over 0.5% stake) of the Delhi-based IT services firm at Rs. 163.91 per share, amounting to Rs. 87.2 lakh. Stock hits 5% lower circuit and stands at Rs. 155.71 per share.
Written By Manideep Appana
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