These 2 Small Cap Stocks Made Nemish Shah ₹33 Cr Richer Today

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.

See Also: Why Adani Group Stocks Are In A Freefall 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.

Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

You have successfully subscribed.

Read Next: Why Tata Power Shares Are Slumping Today

Posted In: EquitiesMarketsAsahi India GlassElgi EquipmentsNemish Shah