IDFC stock has come into great focus after its merger with IDFC First Bank was announced. On Wednesday, IDFC’s share price went up over 4% to hit a new 52-week high of ₹116.85.
Ace investor Ashish Dhawan has been a long-time investor in the company. He currently owns 3.5% or 5.6 crore shares of the company. Last year in July, he held the same amount of shares. In the past year shares of IDFC have gone up over 100%.
See Also: What IDFC And IDFC First Bank Merger Means For Shareholders
So, on July 6, when the stock closed at ₹54.25, the value of Dhawan’s 5.6 crore shares was ₹303.80 crore. Today, a year later, his investment has appreciated to around ₹650 crore. An increase of around ₹347 crore.
The stock also counts Akash Bhansali as an investor. Bhansali has 2.15% shares or 3.4 crore shares of the company. He has also been a long-time investor in the stock. In the same period, his investment has grown by over ₹200 crore.
Price Action: IDFC shares were up 3.87% to trade at ₹115.50 in the early hours of trading on Wednesday.
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