Akash Bhansali Cuts Stake In This Multibagger Small Cap Stock

Ace investor Akash Bhansali cut his stake in Inox Wind Energy during the June quarter. Shares of the company have been on an impressive bull run, hitting a new 52-week high of ₹2,569.95 last week on July 10.

As per the latest shareholding data, Bhansali sold 0.16% shares of the company during the April-June period. However, he still owns a significant 4.74% or 5.32 lakh shares of the company. His stake is worth around ₹127 crore.

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Shares of the small-cap company have gone up over 130% in the past year generating multibagger returns for investors. The stock is up over 70% on a year-to-date basis.

Inox Wind is a fully integrated player in the wind energy market and has three manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh with a cumulative manufacturing capacity of 1,600 MW

Price Action: Inox Wind Energy’s share price was up 0.82% to trade at ₹2,426.45 in the early hours of trading on Thursday.

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Posted In: EquitiesMarketsAkash BhansaliInox Wind Energy