Ace investor Madhusudan Kela makes fresh entry in this finance stock
stocks ripping higher in 2023, it may feel that you've missed out on the opportunity for easy profits. However, stocks have shown resilience by advancing despite concerns about rising interest rates, a potential economic downturn, and declining corporate earnings. And they could continue to do so.
But finding them is the real challenge. Consequently, many investors turn to the portfolios of renowned investment experts who have a proven track record of outperforming the market and a talent for identifying undervalued stocks that can potentially yield significant returns. As a result, every move these investing gurus make, including their decisions to buy or sell stakes in specific companies, garners significant market attention.
For investors seeking such news, there is noteworthy stock market news: Madhusudan Kela has recently made a fresh entry in this finance stock. Known for his ability to identify quality companies with strong growth prospects, Madhusudan Kela is one of the most well-known and seasoned investors in the Indian stock market, with an extensive experience of over 27 years. He prefers avalue investing styleand has a long-term investment horizon.
Which multibagger stock did Madhusudan Kela buy and why? The stock in question is none other than Indostar Capital Finance. The latest shareholding pattern of Indostar Capital Finance shows that Madhusudan Kela picked up around 2.5% stake in the small-cap company. The ace investor bought 3.3 m shares in the company for ₹559 million (m).
In the previous quarter, Madhusudan Kela's name was missing from the list of shareholders. Any investor holding more than a 1% stake has to report filing to the exchanges. While we don't know the exact reasons why he bought a stake
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