Ace investor Mukul Agrawal saw a significant increase in his net worth today, thanks to the impressive performance of two midcap stocks, Ceat and Raymond. Both stocks surged between 3% to 7% to hit new 52-week highs.
Ceat shares surged over 7% to hit a new 52-week high of ₹2,642. Agrawal holds a 1.24% stake in Ceat, equivalent to 5 lakh shares. Now, when the stock closed at ₹2,412.95 on Friday, the value of his stake was at ₹120.64 crore. With today’s surge, the worth of his holding went up to ₹132.10 crore. An increase of around ₹11 crore.
Raymond shares also soared over 6% to hit a new 52-week high of ₹1852.15. Agrawal holds a 1.80% stake in Raymond, equivalent to 11.98 lakh shares. On Friday, when the stock closed at ₹1,747.65, the value of his shares was 209.37 crore. Today the value of his stake went up to ₹221.89. An increase of over ₹12 crore.
Price Action: Raymond’s share price was up 3.04% to trade at ₹1,800.04. Ceat’s share price was up 5.33% to trade at ₹2,541.45 in the early hours of trading on Monday.
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