Radhakishan Damani-linked entity buys 43 lakh shares of smallcap, stock zooms 16%

Damani owes his wealth to his holding in , popularly known as while he also holds stakes in companies like (20.8%), (32.7%), (1.9%), Advani Hotels & Resorts (4.2%), United Breweries (1.2%), BlueDart Express (1.3%) and 3M India (1.5%) among others, as of March 2024 shareholding data available on Trendlyne.

investor ’s net worth rose by 6% to Rs 2.19 lakh crore in June as per the same data.

Bhagiradha Chemicals’ 79.73% shareholding rests in the hands of the public, whereas 20.27% is held by the promoter group as per the latest shareholding data available with the exchanges.

The company’s shares have gained 60% in the last year while increasing by 70% in the current calendar year alone.

Technically too, the is well placed on the charts as it is performing well above its significant exponential moving averages and is operating near the 68 mark on the RSI as per the Trendlyne data.

Bhagiradha Chemicals and Industries is an organized public limited company based in Hyderabad and is dedicated to the manufacturing of high-quality pesticides and has an annual capacity of 3,250 tonnes for manufacturing of various technical grade insecticides, herbicides, and fungicides.

The company had posted its Q4 results for FY24 later in May where it reported a profit of Rs 8.12 crore and its revenue from operations stood at nearly Rs 118.26 crore.

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