Mukul Agarwal and Ashish Kacholia collectively gained Rs 4,30,49,020 in this small-cap stock; do you own it?

This transformation had shifted it from being a traditional marketplace to a dynamic online platform. E-commerce had opened doors to an online discovery platform for all building materials

As the trading day dawned, Nifty opened its eyes moderately higher at 19823, promising another day of market action. Throughout the session, Nifty's journey remained locked within a range, teasing traders and investors alike. Yet, as the closing bell rang, it revealed a surprise - Nifty closed at 19794, just 17 points lower. An unremarkable figure, you might think, but it's what lay beneath that truly fascinated market observers.

Nifty, it seemed, had chosen to play a subtle game of highs and lows. For the third consecutive session, it had embarked on a journey marked by higher tops and higher bottoms, instilling hope and confidence in the hearts of market participants. It held steadfastly onto the 19750 mark, like a sentinel guarding its post. This unwavering stance was seen as a beacon of positivity, an indication that Nifty was determined to weather the market's tempestuous waves.

While the frontline indices moved sluggishly, it was the broader markets that stole the limelight. Nifty Mid-Cap and Small-Cap indices outperformed, closing higher by 0.17 and 0.65 per cent, respectively. Amidst this splendid performance, one stock stood out like a gem in a treasure trove - Shankara Building Products Ltd. The stock jumped nearly 6 per cent at Rs 767.50 up by Rs 43 per share on NSE.

Shankara, a company with a rich history, had seen multiple avatars since its inception in 1995. From Shankara Pipes India Pvt Ltd to Shankara Infrastructure Materials Ltd in 2011, and finally, to Shankara Building Products Limited in 2016, this company had evolved and adapted with the times. Promoted by the visionary Mr. Sukumar Srinivas, the group had spread its wings over southern and western India, establishing over 90 retail showrooms. In these showrooms, they showcased a splendid array of building and home improvement products from renowned brands.

But it was not just about retail. The group ventured into in-house pipe and color-coated roofing sheet processing facilities through wholly-owned subsidiaries: Taurus, Vishal, and Centurywells. The company's vision was clear - to be a one-stop destination for all things related to building and home improvement.

And then came the revelation that left the market in awe. Two small-cap ace investors, Mukul Mahavir Agarwal and Ashish Kacholia, held stakes in the company, translating to 550,000 and 451,140 shares each. When one did the math, the numbers were staggering. Mukul Agarwal had gained a staggering Rs 2,36,50,000, while Ashish Kacholia's gains amounted to an impressive Rs 1,93,99,020. Their investment acumen and the stock's trajectory had rewarded them handsomely.

But the story didn't end there. Shankara had embraced the digital age with the launch of the "BuildPro" app and website. This transformation had shifted it from being a traditional marketplace to a dynamic online platform. E-commerce had opened doors to an online discovery platform for all building materials, increasing footfalls at their fulfillment centers. Shankara was no longer just a retail powerhouse; it had emerged as a tech-savvy market leader, catering to the evolving needs of modern consumers.

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