Clean Science share price experienced a sharp fall in early trading but recovered after the company clarified a major trading volume error. The confusion arose due to a punching error by Spark Avendus, leading to unusually high reported volumes in the stock.
On August 21, Clean Science share price initially dropped about 7% after reports showed that 6 crore shares were traded in a block deal. This meant that nearly 56% of the company’s outstanding shares had changed hands in a single transaction, thereby causing confusion among investors and traders.
However, the company has now clarified that the situation was caused by a punching error on the side of the broker, Spark Avendus. Only 2.5 crore had been traded, and not 6 crore. This meant only 24% of the company’s outstanding shares were involved in the deal.
On August 20, news reports suggested that promoters Ashok and Krishna Boob were likely to sell a combined 24% stake in the company through block deals. The share sale was expected to raise around ₹2,626 crore. The floor price was set at ₹1,030 per share, which was a 13% discount to the previous day’s closing price.
As of June 30, promoters held 74.97% of the company’s shares. Ashok Boob owned 12.8%, Krishna Boob held 2.6%, and Krishnakumar Ramnarayan Boob HUF held 3.04% individually.
Clean Sciences reported steady growth in its June quarter results. Revenue increased by 8% to ₹240 crore, while EBITDA rose by 5%, and net profit was up 6%. However, profit margins slightly contracted from 42.8% a year ago to 41.7%.
Despite these results, shares of Clean Sciences and Technology traded 6.6% lower at ₹1,110, following the earlier confusion. Before this session, the stock had gained 31% from its IPO price of ₹900 but had fallen 28% from its highest listing price of ₹1,643.
Read more: HAL Share Price in Focus as CCS Approves Procurement of 97 LCA Mk-1A for Indian Air Force.
The sudden drop and recovery of Clean Sciences and Technology shares highlight how important accurate trade data is for investors. The company’s quick clarification helped restore confidence. Meanwhile, the planned stake sale by promoters could impact the stock’s future movement. Investors will likely watch these developments closely along with the company’s steady financial performance.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Aug 21, 2025, 10:27 AM IST
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