Stake Acquisition Highlights:
- Ace investor Mukul Agrawal is known for investing in stocks that generate alpha returns in a short amount of time.
- Mukul Agrawal’s name appeared in the shareholding data of Suryoday Small Finance Bank for the December 2022 quarter.
- As of the October-December 2022 quarter, Mukul Agrawal is shown holding 2 lakh shares of the small finance bank, which is 1.88% of the total paid-up capital.
- Mukul Agrawal’s name was not present in the July-September 2022 quarter shareholding data, indicating he may have purchased fresh shares in the third quarter of the current fiscal year.
- It is unclear whether Mukul Agrawal bought all the shares in Q3 of FY2022-23 or held some stocks from a previous quarter.
- Suryoday Small Finance Bank shares have been in an uptrend for the past few months, rising from around ₹80 to ₹115, but have recently fallen 6.50% YTD.
- It is mandatory for a listed company to share the names of all individual shareholders who own more than 1% of the company’s shares.
- It is possible that Mukul Agrawal held some stocks of the bank earlier but his net stake in the bank was below 1% and after buying fresh shares, his total stake in the bank became more than 1%.
Stake Acquisition Details:
Mukul Agrawal, a skilled investor in the Indian stock market who focuses on stocks that generate high returns quickly, has recently acquired 2 lakh shares of Suryoday Small Finance Bank, according to the bank’s shareholding pattern for the October to December 2022 quarter.
This represents 1.88% of the bank’s total paid-up capital. However, it is unclear whether Agrawal acquired these shares during the third quarter of the 2022-2023 fiscal year or if he had held some shares previously and added to his position during the quarter.
It is unclear whether Mukul Agrawal acquired all of his 2 lakh shares of Suryoday Small Finance Bank in the third quarter of the 2022-2023 fiscal year or if he had held some shares previously and added to his position during the quarter. According to rules for shareholding data, listed companies are required to disclose the names of all individual shareholders who own at least 1% of the company’s shares.
It is possible that Agrawal held a smaller stake in the bank previously, but after acquiring additional shares, his stake in the bank exceeded 1% and his name appeared in the bank’s shareholding data.
It is also possible that Mukul Agrawal acquired all of his 2 lakh shares of Suryoday Small Finance Bank in the third quarter of the 2022-2023 fiscal year. However, without further information, it is impossible to determine whether Agrawal acquired all of his shares during this quarter or if he had held some shares previously and added to his position during the quarter, resulting in his stake in the bank exceeding 1% of the total paid-up capital.
The share price of Suryoday Small Finance Bank has been on an upward trend in recent months, with the stock price rising from around ₹80 to ₹115, resulting in a 40% increase over the last six months. However, since the beginning of 2023, the stock has experienced profit-taking and has lost around 6.50% in year-to-date performance.
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