Madhulika has purchased about 5 million shares in the company as of the end of December, representing a stake of about 2.46%. His majority stake in the company is publicly traded at around 51.80%, with his remaining 48% owned by the promoter.
On Thursday, Venus Pipes fell slightly in afternoon trading at Rs 722.95. The stock has traded slightly higher so far this year. It has offered investors a multi-bagger return in the last six months, offering around 103%, while the same is up 104% over the past year.
Madhulika owns approximately 1.4% of the shares.
1.30% in fitting, according to the latest data through the September quarter.
According to Trendlyne data, the average target price of the stock is around 603 rupees, down 16% from the current level. The consensus recommendation for stocks is ‘strong buy’.
Technically, Venus Pipes and Tubes is trading below 3 out of 7 SMAs (Simple Moving Averages).
Venus is one of the leading stainless steel pipe and tube manufacturers with a worldwide reach. We currently supply our products to more than 20 countries internationally. The company owns his 57,973 square meter production facility in the Kutch area. Now she’s adding Venus pipes to her portfolio.
Mukul Agarwal, on the other hand, holds about 57 shares, valued at almost over Rs 300 crore.The investor’s portfolio includes:
and engineering services.
(Disclaimer: Professional recommendations, suggestions, views and opinions are their own and do not represent the views of The Economic Times)
