President of India’s portfolio gains Rs 20,89,66,78,819 in a single day from this multibagger stock; scrip hits 52-week high and m-cap crosses Rs 50,000 crore milestone!

With the President holding 2,199,650,402 shares, the total gain in a single day amount to an astounding Rs 20,89,66,78,819.

The Indian market concluded the trading session on Friday with a marginal decline, as reflected in the respective dips of 0.07 per cent and 0.04 per cent in the Sensex and Nifty indices. Noteworthy were the contrasting performances of various sectoral indices, with Nifty Pharma, Metal, and Bank emerging as the Top Gainers, while Nifty IT experienced a setback as the leading loser.

The broader market exhibited a distinct buying trend, evident in the positive movements of Nifty Mid-Cap and Small-Cap indices, which recorded gains of 0.06 per cent and 0.30 per cent, respectively. Amid this, a notable player in the Public Sector Undertaking (PSU) segment took center stage, as Bharat Heavy Electricals Ltd (BHEL) surged to a fresh 52-week high of Rs 155.40 on the NSE. BHEL garnered considerable buying interest on Friday, concluding the day with a substantial 6.30 per cent increase, reaching Rs 151.75.

Adding to the intrigue, BHEL achieved a significant milestone by surpassing a market capitalization of 50,000 crores. Over the past year, the stock has delivered an impressive return of 103.54 per cent, marking it as a multibagger stock with a remarkable three-year leap of 385.65 per cent.

Examining the shareholding pattern, the President of India commands a substantial 63.17 per cent stake in the company, with Domestic Institutional Investors (DIIs) holding 15.99 per cent. Leading this category is the Life Insurance Corporation of India, holding 10.07 per cent, while Foreign Institutional Investors (FIIs) maintain a 7.23 per cent per cent stake.

Delving into the impact of BHEL's robust performance on the President's portfolio, the stock's Friday gain of Rs 9.50 per share translates to a substantial uptick. With the President holding 2,199,650,402 shares, the total gain in a single day amounts to an astounding Rs 20,89,66,78,819. Truly, a remarkable feat amidst the dynamic fluctuations of the stock market.

Disclaimer: The article is for informational purposes only and not investment advice.