By laksh5382 
Mukul Agarwal Portfolio: Shares of Mukul Aggarwal-owned small and medium enterprise (SME) company Siyaram Recycling Industries rose 6 per cent to their all-time high. 168 per share on Friday, October 18. The stock has rallied in three of the last four trading sessions, gaining 20 percent during this period. This increase has happened after the company received an order from a Dubai based company. 50 million.
“The company has received a purchase order of 100 tons of brass billets from M/s. The net worth of Al Qarayan International, Dubai is US$590,000 (about Rs 5 crore), the company said in an exchange filing on Tuesday, October 15. That day the stock closed with a gain of 8 percent.
Siyaram Recycling Industries share price opened on 160 per share on BSE today. The stock reached its highest level of the day 168 and touched the day’s low 157.50. The stock was being traded around 11.35 in the morning 164, up 3.40 per cent from its previous close on BSE.
shareholding pattern
Siyaram Recycling said on October 5 that its board has agreed to issue more than 2 million shares to investor Mukul Agarwal.
In its board meeting on Saturday (October 5), the board approved the increase Rs 35.40 crore by issuing new shares. They decided to issue 3 million preference shares 26 investors got Rs 118 per share. Of these, Mukul Aggarwal will get 22 lakh shares. This decision was shared in an official statement by the company.
According to Trendline data, Mukul Aggarwal owns 50 publicly traded stocks with a net worth of over 50%. 6,347.8 crores. During the September quarter, he increased stake in three stocks – Raymond Lifestyle, Hind Rectifiers and Lux Industries – while reduced stake in several others.
Promoters held the majority stake in Siyaram Recycling Industries at 70.9 per cent at the end of the September quarter, followed by public shareholders at 27.5 per cent. Trendline data shows that domestic institutional investors held 1.7 per cent stake as of September 30, 2024, with FIIs having no stake in the company.
stellar rally
Shares of Siyaram Recycling Industries have been in decline since its debut in December last year. The company has rewarded its IPO investors with multibagger returns, underscoring the stellar performance of SME issues.
The company’s initial public offering (IPO), which opened from December 14 to December 18 last year, was priced in the range from 43 46 per share. Till date, the stock has given 265 per cent return on its issue price.