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.
See Also: What’s Going On With Tata Motors Shares Today?
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.
Read Next: Madhuri Madhusudan Kela Raises Stake In This Small Cap Stock, Shares Surge 8%
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.