Ace investor Ashish Kacholia picked up a stake in Dhabriya Polywood on Monday. The stock has gone up over 120% since the start of the year.
As per the exchange data, Kacholia bought 5.46 lakh shares of the company through a bulk deal on BSE. The average price for the deal was ₹280.90. The total deal value was at ₹15.34 crore. The value of his stake currently (on Wednesday) is around ₹15.64 crore. The seller was one of the company’s promoters who sold around 7 lakh shares.
The company also counts value investor Mukul Agrawal among its investors. Agrawal holds an over 10% stake in the company, which is worth around ₹32 crore.
With a market cap of around ₹300 crore, the company is a manufacturer of PVC (Polyvinyl Chloride) & UPVC (Unplasticized Polyvinyl Chloride) Profiles for a wide range of interior and exterior applications.
Price Action: The stock was up 2% locked in upper circuit at ₹286.50 in early trade on Wednesday.
Get Ring The Bell, Benzinga India’s weekly briefing. Designed specifically for investors like you.
Read Next: Why Are IndiGo Shares Down Today?
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.