Multibagger stock: Narayan Murthy-backed company buys stake in Gokuldas Exports during Q2. Shares close to record high
Multibagger stock: Gokaldas Exports share price has surged to the tune of 150 per cent in year-to-date (YTD) time. However, it seems that Narayan Murthy-backed Catamaran Ventures sees more steam in this multibagger stock.
As per the shareholding pattern filed by Gokaldas Exports Ltd for July to September 2023 quarter, Catamaran Ventures owns 1.12 per cent stake in the company. As per the shareholding pattern of Gokaldas Exports Ltd for July to September 2023, Narayan Murthy-backed Catamaran Ventures Ltd owns 6,78,003 Gokaldas Exports shares, which is 1.12 per cent of total paid up capital of the company.
However, in April to June 2023 shareholding pattern, Narayan Murthy-backed company's name was missing from the list of public shareholders. This means, Catamaran Ventures has bought fresh shares in this multibagger stock during Q2FY24.
Top 4 railway stocks under ₹200 to add to your watchlist However, it would be difficult to ascertain whether Catamaran Ventures boufht entire 1.12 per cent stake during Q2FY24 or he used to hold company shares earlier also but its stake was below one per cent and hence its name was missing from the list of public shareholders. As per the exchange filing rules, a listed company is bound to share names of all public shareholders who own one per cent or more shares of the company.
UltraTech Q2 result preview- To report strong earnings growth Here, in case of Catamaran Ventures LLP, it may happen that Narayan Murthy-backed company bought entire shares during recently ended September 2023 quarter. But, it is also a possibility that Catamaran Ventures was holding some stocks of the company earlier also but it was below one per cent of total paid up capital of the company and hence its name was
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