Shares of Asahi Glass and Elgi Equipments were surging in the green on Friday. Ace investor Nemish Shah owns a considerable stake in both small-cap companies.
So, with the surge today, let’s how these two small-cap stocks added ₹ crore to Nemish Shah’s net worth today.
Starting with Asahi Glass, Shah owns a total of 14,482,818 shares, which is 5.95% of Asahi India Glass Limited. On Thursday, when the stock closed at ₹483.75 the value of his stake was approximately ₹700.60 crore. Today, with the surge in the share price, the value of his stake went up to ₹729.49 crore. This translates to an increase of around ₹29 crore in just one day.
Shah holds around 1.69% or 53.6 lakh shares in Elgi Equipments. On Thursday, the value of his stake in the company was around ₹284.80 crore. With the surge today, his holding's value went up to ₹289.3 crore. An increase of around ₹4.5 crore. So in total the two stocks added a massive ₹33.5 crore to Shah’s net worth today.
Price Action: Asahi Glass shares were up 2.71% to trade at ₹496.85. Elgi Equipments’ share price was up 1.14% to trade at ₹537.40 in the early hours of trading on Friday.
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