Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

Shares of the plywoods manufacturing company Duroply Industries (BO:) jumped 5% to Rs 182.5 apiece on Thursday, after ace investor Porinju Veliyath and his wife raised their shareholdings in the company.

The marquee investor and fund manager Porinju Veliyath and his wife Litty Thomas picked a total of 1.58 lakh additional equity shares of Duroply Industries, translating to a 2.12% stake in the company through preferential allotment.

This raised the investor duo’s shareholding in the micro-cap company to 7.01% from 4.89% earlier.

According to Duroply Industries’ latest shareholding pattern, the Kerala-based investor held over 2 lakh shares or a 3.1% stake in the company, while his wife owned a 2.4% stake or 1.55 lakh shares. In mid-July 2022, the duo further raised their holdings in the company.

Porinju Veliyath publicly holds 17 stocks with a net worth of over Rs 181.8 crore, as per Trendlyne data.

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Disclaimer: This is a Fan Site in Rakesh Jhunjhunwala's name. Rakesh Jhunjhunwala is not associated with us and is in no way aware, accountable or responsible for what is stated here. Further, nothing here constiutes investment advice for you to act on. Also, we have a vested interest, and are extremely biased, in everything that we say. So Mind It!