Shares of Karur Vysya Bank surged up over 5% on Wednesday to continue its gaining streak for the third straight session. Rekha Rakesh Jhunjhunwala owns a 4.5% stake in the company.
Shares of the bank surged over 5% to hit a new 52-week high of ₹135. Shares of the private lender have been upbeat since it posted its numbers for the quarter ended March. The stock has gone up over 23% in just the past month.
Jhunjhunwala owns 4.50% or 3.795 crore shares of the bank. On Tuesday, when the stock closed at ₹128.40, the value of her stake was around ₹487.3 crore. Today, with the rally, the value of her holding went up to ₹512.34 crore. An increase of around ₹25 crore.
But, the bank also boasts of another ace investor as its shareholder. Mukul Agrawal owns 1.06% or 85 lakh shares of the bank. The value of his holding saw an increase of around ₹5 crore today.
Price Action: Karur Vysya’s share price was up 4.95% to trade at ₹134.75 in the early hours of trading on Tuesday.
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