Ashish Kacholia, Mukul Agrawal-Backed Micro Cap Stock Bags Order From Omaxe Group

Shares of Dhabariya Plywood received a slight bump on Thursday afternoon after the company announced bagging the major order.

What Happened: The furniture manufacturer on Thursday informed the exchange that it had received a ₹5.98 crore order from real estate major Omaxe Group. As per the contract the company would be supplying and installing uPVC windows and doors at Lucknow and Faridabad.

The announcement helped the stock continue making gains for the second straight session. The stock has been on a tremendous bull run this year. On a year-to-date basis, the stock has surged up over 200%.

The stock counts ace investors Mukul Agrawal and Ashish Kacholia among its shareholders. Agarwal owns a 4.68% stake while Kacholia holds 6.43% shares of the company.

With a market cap of around ₹400 crore, the micro-cap company manufactures, supplies, and wholesales a range of PVC doors, UPVC windows & doors, false ceiling & wall panelling, decorative fencing, engineered marble, Italian marble, artificial marble, designer walls, pillars, LCD walls, lift jambs, fireplaces, modular kitchen shutters, and modular furniture.

Price Action: Shares of Dhabariya Plywood were up 0.23% to trade at ₹393 in the late hours of trading on Thursday.

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Posted In: EquitiesNewsContractsMarketsMoversTrading IdeasAshish KacholiaDhabriya PolywoodMukul Agrawal