This Mukul Agrawal, Ashish Kacholia-Backed Micro Cap Stock Hits 52-Week High After Order Win

Shares of Dhabriya Polywood surged up 2% to hit a new 52-week high of ₹322.50.

What Happened: The company on Thursday announced that its wholly-owned subsidiary has received the work order from the DLF Group for the supply and installation of a modular kitchen, wardrobe, vanity and medicine cabinet.

The ₹6.60-crore contract is to be executed within 12 months. The announcement helped the company continue its 10-straight session gaining streak.

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The stock has been upbeat since ace investor Ashish Kacholia picked up a stake in the company earlier this month. As per the exchange data, Kacholia bought 5.46 lakh shares of the company through a bulk deal on BSE.

The company also counts value investor Mukul Agrawal among its investors. Agrawal holds an over 10% stake in the company.

Price Action: Dhabriya Polywood’s share price was locked in 2% upper circuit at ₹322.50 on Thursday.

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Posted In: NewsContractsMoversTrading IdeasAshish KacholiaDhabriya PolywoodMukul Agrawal