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Porinju Veliyath Picks Over 1% Stake in This Multibagger Stock: Read Details

By Malvika Gurung

Investing.com — Shares of the aircraft production business Taneja Aerospace and Aviation (BO:) surged 5% on Tuesday and finished the session at Rs 151.85 apiece, recording a contemporary 52-7 days higher on the BSE.

The stock surge arrived soon after the organization released its newest shareholding information, which showed that the seasoned trader Porinju Veliyath owned a 1.07% stake in the organization or 2.68 lakh shares at the end of Dec 2021.

Veliyath did not own any shares in the organization until September 2021. 

In addition, the company’s newest shareholding data also showed that overseas portfolio investors lifted their stake in the plane production business to 1.01 lakh equity shares or .41% stake in the corporation, compared to 25,000 shares or .1% stake they owned in the Sept quarter.

The micro-cap stock has sent a whopping 334% returns in the earlier calendar year and has grown pretty much twice in the earlier 3 months. As for each an ET report, trader Porinju Veliyath obtained stakes truly worth Rs 4 crore in Taneja Aerospace.

Apart from, the renowned investor also enhanced his holdings in the Ayurveda business Kerala Ayurveda (BO:) from 1.33% in Q2 FY22 to 2.37% in the Dec 2021-ending quarter.

He also purchased 54,850 shares of the pharmaceutical corporation Unichem Laboratories Ltd. (NS:), increasing his shareholding from 4.93% to 5.01%.

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