Ashish Dhawan gains Rs 32.85 crore in just one month as his mid-cap holding jumps over 35 per cent!

This mid-cap stock has experienced a remarkable increase of nearly 69 per cent over the past year

The Indian benchmark stock market indices began Thursday's session on a positive note, following favorable signals from Wall Street. However, this initial optimism gradually faded, causing the benchmark indices to lose most of their gains. By the afternoon session, both the Nifty and Sensex indices were trading with minimal increases of 0.05 per cent and 0.07 per cent, respectively.

During this period of uncertainty and rapid changes, there's one particular stock that has attracted attention - Religare Enterprises Ltd. This stock has surged by more than 4 per cent, hovering around its highest value of the day. The trading volume for this stock is higher than usual. Additionally, it's worth noting that the stock's current trading price is above its 20-day, 50-day, and 200-day moving averages. What's interesting is that all these moving averages are trending upwards in the desired sequence.

The most captivating aspect of this stock is the fact that prominent investor Ashish Dhawan holds a stake of 1.66 per cent in the company. This translates to a significant holding of 53,86,564 shares. Over the last month, the stock has climbed by an impressive 35 per cent, resulting in a gain of Rs 61 per share. If we calculate the total gain by multiplying the number of shares owned by the investor with the price gain of Rs 61, the astounding sum of approximately Rs 32.85 crore is achieved in just one month. This is indeed remarkable!

This Mid-Cap stock has experienced a remarkable increase of nearly 69 per cent over the past year. Recently, it reached its highest value in the past 52 weeks, reaching Rs 242.90 on the NSE.

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