Shares of Amber Enterprises and Inox Wind Energy were surging in the green on Tuesday. Ace investor Akash Bhansali owns a significant stake in both companies.
Shares of Amber Ent jumped in the green on Tuesday after a two-session losing streak. The consumer durables company saw its shares climb up over 7% to hit an intraday high of ₹2,385.95. As per the latest shareholding data, Bhansali owns a 1.48% stake in the company.
Now, when the stock closed at ₹2,228.25 on Monday, the value of Bhansali's 4.99 lakh shares was ₹111.32 crore. With the surge today, the value of his stake went up to ₹119.26 crore – an increase of around ₹8 crore.
Shares of Inox Wind Energy also rebounded on Tuesday after a five-session losing streak. Shares of the company jumped over 2.5% to hit an intraday high of ₹2,125. Sentiments around the stock dampened after it was put under the ASM framework on June 20. Bhansali holds a 4.90% stake in the company.
So, when the stock closed at ₹2,068.15, the value of his stake was around ₹113.64 crore. Today, with the surge the value of his 5.49 lakh share went up to ₹116.77 crore – an increase of around ₹3 crore.
Get Ring The Bell, Benzinga India’s weekly briefing. Designed specifically for investors like you.
Price Action: Amber Ent’s share price was up 5.76% to trade at ₹2,356.55. Inox Wind Energy shares were up 2.75% to trade at ₹2,125 on Tuesday afternoon.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.