EV stock jumps after company announces its Q1 FY26 results
By Malvika Gurung
Investing.com -- Ace investor and fund manager Porinju Veliyath appears to have exited four stocks in the quarter ending December 2021, as per the shareholding data released by companies.
The founder of the portfolio management company Equity Intelligence India also bought fresh stakes in three stocks in the quarter under focus.
As per the latest shareholding data released by the four companies, Agro Tech Foods (NS:AGRO), Eastern Treads (BO:EASE), Danlaw Technologies India (BO:DNLW) and IRIS Business Services (BO:IRIS), Equity Intelligence’s name was missing from its key shareholders’ list for Q3.
This happens either if a shareholder exits the stock, or their shareholding in the company falls under 1%.
As of Sept 30, 2021, the ace investor’s stake in these four companies was as follows:
- 1.1% in the FMCG company Agro Tech Foods, or 2.58 lakh equity shares,
- 1.9% in the rubber products manufacturer Eastern Treads, or 1 lakh shares,
- 1.2% in the IT services provider Danlaw Technologies, or 42,500 shares, and
- 1% in the IT company IRIS Business Services, or 2 lakh shares.
Besides, Veliyath has picked fresh stakes in three counters, while increasing his holding in three other stocks during Q3 FY22.
As per Trendlyn data, the veteran investor has picked fresh stocks in these three scrips:
- 3 lakh shares or 1.1% stake in Aurum Proptech (NS:AURP),
- 2.68 lakh shares or 1.1% stake in Taneja Aerospace and Aviation (BO:TANE), and
- 1.5 lakh shares or 2% stake in Ansal Buildwell (BO:ANSB).
Veliyath has increased his holding in Kerala Ayurveda (BO:KEAY) by 1% to 2.4% in Q3, by 0.3% to 2.5% in McDowell Holdings (NS:MCDH), and by 0.1% to 4.9% in Orient Bell, in Q3. He publicly holds 18 stocks with a net worth of over Rs 204.2 crore, states Trendlyn.