Mukul Agrawal Raises Stake In This Micro Cap Stock

As per the latest shareholding pattern, ace investor Mukul Agrawal raised his stake in Kanoria Chemicals & Industries in the April-June period.

Agrawal bought an additional 1.21% stake in the company. He now owns a 2.55% stake in the company, which is worth around ₹13 crore.

The stock has had a rough run at bourses this year. On a year-to-date basis, the stock is down around 18%. Shares of Kanoria also hit a new 52-week low last week on July 14.

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The six-decade-old company has a market cap of around ₹540 crore. The company manufactures chemical intermediates and specialities in India, with a focus on products for infrastructure and construction.

As per its website, apart from chemicals, the company has diversified business interests in automotive and industrial electronics and textiles, in India and around the world.

Price Action: At the time of writing, shares of Kanoria Chemicals were up 0.66% to trade at ₹121.85 on Wednesday.

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Posted In: EquitiesMarketsKanoria ChemicalsMukul Agrawal