Jhunjhunwala stock surges 8% as another veteran ups his stake

New Delhi: Shares of jumped 8 per cent up in early trade, after veteran investor Mukul Agrawal upped his stake in the company, the latest shareholding pattern shows.

According to the regulatory filing, Agarwal held 40,00,000 equity shares or 2.55 per cent stake in the company on June 30, 2021. He held 25,59,246 equity shares or 1.63 per cent stake in the March 2021 quarter.

Shares of

Carbogen Amcis surged 8 per cent to Rs 229.85 on Monday in an otherwise weak market. BSE Sensex was trading 382.58 points or 0.72 per cent lower at 52,757.48 at the time of writing this report. The scrip settled at Rs 213.25 on Friday.

Mukul Agrawal purchased 14,40,754 equity shares or about 0.9 per cent stake in the company between April to June 2021, the data shows.

However, the Big bull Rakesh Jhunjhunwala and his spouse, Rekha Jhunjhunwala are also among the key shareholders in the company. The duo has kept their stake constant at 50,00,000 equity shares or 3.18 per cent, according to the data.

Mutual Funds and Foreign Portfolio Investors (FPIs) have booked the profit in the company during the period under reviews.

Domestic mutual funds have decreased their stake in the company to 6.62 per cent June 2021 quarter, from 8.81 per March 2021 quarter, whereas FPIs have brought their stake down to 5.91 per cent from 6.38 per cent.

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