This Midcap Stock Made Nemish Shah ₹46 Cr Richer Today

Ace investor Nemish Shah saw a significant increase in his net worth today, thanks to the impressive performance of the midcap stock, Lakshmi Machine Works Ltd.

Shares of Lakshmi Machine Works went up over 3.5% to hit a new 52-week high of ₹14,218. Shah owns 8.93% or 9.5 lakh shares of Lakshmi Machine Works Ltd.

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So, on the previous day, when the stock closed at ₹13,729.15, the value of his holding was ₹1,309.45 crore. Today, after the surge to ₹14,228.00, his stake’s value went up to ₹1,357.17 crore.

As per Trendlyne data, Lakshmi Machine Works is Shah’s biggest bet in his public portfolio. The stock has gone up over 40% in just the past year.

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Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.

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Posted In: EducationMoversTrading IdeasGeneralLakshmi Machine WorksNemish Shah