Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Livemint
Livemint
Business
Asit Manohar

Porinju Veliyath buys stake in this multibagger stock. Share rises 10% today

Porinju Veliyath bought 2.80 lakh shares of the company paying ₹78.39 apiece in a bulk deal. Photo: Courtesy Porinju Veliyath twitter

Porinju Veliyath shareholding in Rubfila International Ltd

As per the details of bulk deal available on official BSE website, Porinju Veliyath has bought stake in the small-cap company. Ace Indian investor has invested in this multibagger stock in the name of his wife Litty Thomas. As per the bulk deal details, Porinju Veliyath has bought 280,000 lakh company shares paying 78.39 apiece. Hence, Porinju Veliyath has invested 2,19,49,200 in this multibagger small-cap stock to add this stock in his portfolio.

According to the shareholding pattern of Rubfila International Ltd for April to June 2022 quarter, Porinju Veliyath or his wife Litty Thomas don't have any stake in the company. This means, Porinju Veliyath has added this small-cap multibagger stock in his stock portfolio by investing whopping 2,19,49,200 in this company.

Rubfila International share price history

After ushering in the new year 2022, this multibagger stock climbed to its life-time high of 129 apiece levels on BSE. But, after climbing to its new peak, this multibagger stock has remained under the sell-off pressure since then. However, Porinju Veliyath buying stake in the scrip has attracted buying interest from the market bulls that got reflected in today's rise of the Rubfila International shares from around 79 to 87 apiece levels, logging more than 10 per cent in single session. During covid-19 sell-off, this small-cap stock made its closing low of 24.30 apiece in April 2022 and then give sharp upside movement in post-Covid rally. The stock went on to scale up to 129 in January 2022, giving around 5 times rise in those near two years.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.