Ashish Kacholia-Backed Micro Cap Stock Jumps 6% After Bagging ₹9.2 Cr Orders

Shares of Dhabriya Polywood jumped back in the green on Monday morning halting its two-straight session losing streak.

What Happened: The stock is upbeat today as the company announced bagging two orders. The first order was from the Radiance Realty Group. The order is for the supply and installation of uPVC windows and doors.

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The order is worth around ₹5.66 crore and is scheduled to be completed within 12 months. The second order is from the M3M Group. The project is for the supply and installation of wardrobes and is worth around ₹3.60 crore. “The project is scheduled to be completed in 9 months,” the company added in an exchange filing.

After a great run in 2023, the Ashish Kacholia-backed micro-cap stock has seen some correction since the start of the new year. On a year-to-date basis, the stock has gone down around 25%. Kacholia owns an around 6.43% stake in the company.

Price Action: Shares of Dhabriya Polywood were up 6.03% to trade at ₹269.85 in the early hours of trading on Monday.

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Posted In: EquitiesNewsContractsMarketsMoversTrading IdeasAshish KacholiaDhabriya Polywood