Mukul Agrawal Portfolio Stock: Siyaram Recycling Hits Lifetime High After Dubai Order Win – Check 20% Rally in Just 4 Days!

Mukul Agrawal Portfolio: Shares of Siyaram Recycling Industries, a company owned by well-known investor Mukul Agrawal, surged by 6% to reach a new all-time high of ₹168 per share on Friday, October 18. The stock has shown strong performance, rising in three of the last four trading sessions, gaining 20% over this period. This boost came after the company secured a new order from a Dubai-based business worth ₹5 crore.

According to the company’s statement on Tuesday, October 15, they received a purchase order for 100 tons of brass billets from Al Qaryan International in Dubai, valued at approximately USD 590,000 (around ₹5 crore). Following this news, Siyaram Recycling Industries’ stock saw an 8% rise on the same day.

On Friday, the stock opened at ₹160 per share on the BSE and reached a high of ₹168 before dipping to a low of ₹157.50. By 11:35 am, the stock was trading at ₹164, up by 3.40% from its previous closing price.

Shareholding Update

On October 5, Siyaram Recycling announced that its board had approved the issuance of over 2 million shares to investor Mukul Agrawal. At the board meeting held on October 5, the company decided to raise up to ₹35.40 crore by issuing 3 million preferential shares at ₹118 each to 26 investors, with Mukul Agrawal receiving 2.2 million shares.

Data from Trendlyne shows that Mukul Agrawal holds a portfolio of 50 stocks with a total net worth of over ₹6,347.8 crore. In the September quarter, he increased his stake in Raymond Lifestyle, Hind Rectifiers, and Lux Industries, while reducing his position in other stocks.

At the end of the September quarter, Siyaram Recycling Industries’ promoters held a majority 70.9% stake, with public shareholders owning 27.5%. Domestic institutional investors held 1.7%, and there was no FII (foreign institutional investor) holding, according to Trendlyne.

Impressive Growth

Siyaram Recycling Industries has delivered impressive returns since it was listed in December last year. The company’s IPO, which took place between December 14 and December 18, was priced between ₹43 and ₹46 per share. As of today, the stock has provided a remarkable return of 265% over its IPO price, making it a multibagger stock for its early investors.