This Midcap Stock Made Mukul Agrawal ₹11 Cr Richer Today

Ace investor Mukul Agrawal saw a significant increase in his net worth today, thanks to the impressive performance of the Raymond stock.

Shares of Raymond continued to make gains for the second straight session, going up close to 6% to hit a new 52-week high of ₹1,908. The company is scheduled to release its earnings for the quarter ended June on Aug. 11.

Mukul Agrawal currently owns 1.65% or 11 lakh shares of Raymond. He trimmed his stake in the clothing giant during the June quarter. At the end of the March quarter, he held around 1.80% or 11.98 lakh shares of the company.

Now, back to the money, so, on the previous day, when the stock closed at ₹1,802.50, the value of his holding was ₹198.28 crore. Today, after the surge to ₹1,908, his stake’s value went up to ₹209.88 crores.

Price Action: Raymond’s share price was up 3.63% to trade at ₹1,868 on Thursday afternoon.

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Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.

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Posted In: EquitiesEducationMarketsGeneralMukul AgrawalRaymond