M-cap almost equal to stock holdings: This small-cap company gained Rs 8,98,95,029 in just a single day—keep it on the radar!
The cumulative gains from these stocks amount to Rs 8,98,95,029
The NSE benchmark Nifty 50 displayed a smart recovery, surging by over 160 points and successfully closing above the 21,600 mark with a gain of 0.34 per cent. Most sectors concluded in the green, spearheaded by Nifty Media, which witnessed an impressive rise of nearly 3.5 per cent.
The broader market indices experienced mixed action, as Nifty Mid-Cap concluded with a gain of 0.29 percent, while Nifty Small-Cap incurred a marginal loss of 0.15 per cent.
One stock that remained relatively quiet, yet poised for potential activity in the upcoming days, is Texmaco Infrastructure & Holdings Ltd. Originally incorporated as Textile Machinery Corporation Limited in September 1939, the company currently generates its major income from leased properties, dividends, interest income from strategic investments, and the operation of a 3 MW Mini Hydro Power Project at Neora, District Darjeeling, West Bengal.
On Wednesday, the stock closed down by half a per cent at Rs 105, with its 52-week high and low standing at Rs 119 and Rs 47.1, respectively. Notably, the stock has surged by more than 50 percent in the last three months. However, a more intriguing fact is that the company's market capitalization is Rs 1,333 crore, and the value of the stocks held by the company is almost equal to its market capitalization, amounting to around Rs 1,305 crore.
Remarkably, two of the shares held by the company experienced robust up-moves on Wednesday. Zuari Industries Ltd's stock jumped nearly 10 per cent, achieving a fresh 52-week high, while Zuari Agro Chemicals Ltd advanced a little over 6 per cent. The cumulative gains from these stocks amount to Rs 8,98,95,029.
According to corporate shareholdings filed, the company publicly holds 5 stocks with a net worth of about Rs. 1,305 crore. Here are the details:
|
Stock Name
|
CMP in Rs
|
Total No. of Shares held
|
Total Value in Rs
|
|
Texmaco Rail & Engineering
|
178
|
5,85,00,000
|
10413000000
|
|
Astra Microwave Products
|
602.35
|
21,53,255
|
1297013149
|
|
Zuari Industries
|
223.3
|
27,57,941
|
615848225.3
|
|
Zuari Agro Chemicals
|
203.55
|
30,00,125
|
610675443.8
|
|
Chambal Fertilizers & Chemicals
|
374.45
|
2,96,864
|
111160724.8
|
Were you aware of this fact? If yes, please let us know in the comment section.
Disclaimer: The article is for informational purposes only and not investment advice.
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