This Mid-Cap Stock Made Mukul Agrawal ₹27 Cr Richer Today

Ace investor Mukul Agrawal saw a significant increase in his net worth today, thanks to the impressive performance of the Intellect Design Arena stock. The stock went up over 18% on Friday to hit a new 52-week high of ₹684.90 after the company posted its earnings for the quarter ended June.

The company total revenue for the April-June period stood at ₹644 crore as against ₹540 crore during the same period last year. Profits for the quarter grew 36% to ₹93 crore as against ₹69 crore in the year-ago period.

Mukul Agrawal owns 1.84% or 25 lakh shares of Intellect Design Arena. So, on the previous day, when the stock closed at ₹577.20, the value of his holding was ₹144.30 crores. Today, after the surge to ₹684.90, his stake’s value went up to ₹171.22 crore.

Price Action: At the time of writing on Friday, Intellect’s share price was up 17.62% to trade at ₹678.90.

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Posted In: EquitiesEducationMarketsGeneralIntellect Design ArenaMukul Agrawal