Shares of Transpek Industry continued to make gains for the second straight session as ace investor Mukul Agrawal picked up a stake in the company.
What Happened: The company reported its latest shareholding pattern data on Tuesday. As per the data, Agrawal now owns a 2.12% stake or 1.18 lakh shares of the company. His holding is currently worth around ₹24 crore.
Established in 1965, Transpek Industry Limited, started out as a manufacturer of transparent acrylic sheets and was subsequently named ‘Transpek.’
With a market cap of around ₹1,100 crore, the micro-cap company specialises in handling Chlorine and Sulphur, the company has developed indigenous processes for chlorinated chemicals such as Thionyl Chloride, Acid Chlorides, and Alkyl Chlorides.
Headquartered in Vadodara, located around 400 km from Nhava Sheva Seaport, Mumbai (the Financial Capital of India), Transpek strategically benefits from its proximity to an Inland Container Depot in Vadodara, facilitating efficient export activities.
In the last year, the stock has gone up over 30%.
Price Action: Transpek Industry shares were up 1.65% to trade at ₹2,102 on Wednesday morning.
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