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.
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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