Mukul Agrawal Bets Big on Gujarat-Based Multibagger Stock with 22,00,000 Shares; Hits Back-to-Back Upper Circuits

The company received a purchase order for brass billets from M/s Al Qaryan International, Dubai

Indian benchmark indices gave away their early gains on Wednesday and were seen trading flat in the penultimate hour of trading. Despite coming off the day’s high, stock-specific action continues on D-Street.

Amidst this stock-specific action, we would like to highlight the performance of Siyaram Recycling Industries. The share price of Siyaram Recycling hit an upper circuit of 5 percent on Wednesday, January 15, 2025. The stock has been trending higher after the shareholding pattern for the quarter ended December 2024 revealed that ace investor Mukul Mahavir Agrawal has acquired a whopping 22,00,000 shares of Siyaram Recycling, translating to a 10.10 percent stake in the company.

The stock continues its bull run, having gained 109.59 per cent in 2024, and so far in 2025, it is up by 9.72 per cent, delivering multibagger returns.

Siyaram Recycling Industries (SRIL), formerly known as Siyaram Impex Pvt Ltd, was incorporated in 2008 and is promoted by Mr. Ramgopal Maheshwari. The company manufactures copper alloy (brass) ingots and billets at its facility in Jamnagar, Gujarat.

Recently, the company received a purchase order for brass billets from M/s Al Qaryan International, Dubai, amounting to USD 1,160,000 (approximately Rs. 10 crore).

The stock has hit back-to-back upper circuits on Tuesday and Wednesday.

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