Ashish Dhawan Picks Up Stake In This Small Cap Stock That Has Gone Up 300% In 3 Years

As per the latest shareholding pattern, ace investor Ashish Dhawan added Religare Enterprises to his portfolio during the June quarter.

Dhawan bought 53.86 lakh shares of the company. His 1.7% stake is worth around ₹90 crore. With a market cap of around ₹5,600 crores, Religare is an SME-focused NBFC, providing debt capital to help the growth of SMEs and affordable housing.

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Over the last three years, the stock has given multibagger return to its investors. From ₹35-40 levels in July 2020, the stock has climbed up over 317% to current levels of around ₹160.

Price Action: Religare share price was down 1.03% to trade at₹167.45 on Tuesday afternoon.

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Posted In: EquitiesMarketsAshish DhawanReligare Enterprises