Safir Anand, Amitabh Bachchan And A Micro Cap Stock That Has Gone Up Over 115% In The Past Year
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Value investor Safir Anand in June had revealed that he had purchased a stake in DP Wires through a block deal in which the seller was Bollywood legend, Amitabh Bachchan.

What Happened: Anand, took to Twitter, today recalling the event, adding that the stock has made a 50% move in about a month and he felt that ‘Big B’ blessed him.

As per exchange data, Bachchan sold around 90,000 shares of the company at an average price of ₹411.72. However, as per the latest shareholding data, he still owns a 2.07% stake in the company which is valued at around ₹18.6 crore.

The stock has been on a tremendous rally. In the past year, the stock has gone up over 100%. On a year-to-date basis, the stock is up over 50%. With a market cap of around ₹900 crore, the micro-cap company is involved in the production of steel wires.

Price Action: Dp Wires’ share price was up 16.01% to trade at ₹663.95 in the late hours of trading on Thursday.

Read Next: Why Ashneer Grover Did Not Hire Virat Kohli For BharatPe Ad Campaign

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
Amitabh BachchanDp WiresSafir Anand