Quess Corp share price surged up over 8% on Thursday to hit an intraday high of ₹399.70. As per the latest shareholding data, ace investor Ashish Dhawan owns a 3.95% stake in the company.
What Happened: Shares of the small-cap company continued to make gains for the second straight day. It is, however, not immediately clear, what’s behind the stock’s massive surge today. The company’s board is set to meet on May 17, to release the company’s financial statement for the March quarter.
See Also: Why Analyst Sees This Rekha Jhunjhunwala Owned Gaming Stock Going Up 20%
So with the surge today, here’s how much the small-cap company added to Dhawan’s net worth. As per data, Dhawan has been holding the stock since mid-2020 and currently owns 3.95% or 5,861,223 shares of the company.
Now, when the stock closed at ₹368.60 yesterday, the value of his holding was around ₹216.04 crore. With today’s surge, the value of his holding has gone up to ₹234.27 crore. An increase of around ₹18 crore.
Price Action: Quess Corp shares were up 7.11% to trade at ₹394.80 in the mid-market hours of trading on Thursday.
Do Not Miss: Is Olectra Greentech Share A Good Buy?
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.