Porinju Veliath portfolio stocks: Porinju Veliath picks stake worth Rs 4 crore in Taneja Aerospace

Veliath, who is known to pick multibagger smallcap stocks, owned 2,68,000 shares or 1.07 per cent stake in Taneja Aerospace as of December end, shareholding data published by the company shows. The stake is valued at Rs 4 crore as of last trading price.

Veliath’s name did not figure among investors at the end of September quarter.

Foreign portfolio investors were also among those that raised their stake in the firm. As of December-end, they held 1,01,984 shares or 0.41 per cent against 25,000 shares or 0.1 per cent as of previous quarter.

Taneja Aerospace is involved in manufacturing and maintenance of light transport and trainer aircraft. The company gained prominence after the government stood behind maintenance of aircraft services in India.

The stock is already a multibagger. It has delivered 334 per cent returns in the last one year. It has nearly doubled in the last three months itself.

Porinju Veliath picks stake worth Rs 4 crore in Taneja Aerospace

NEW DELHI: Shares of Taneja Aerospace & Aviation were locked in 5 per cent upper circuit, also the 52-week high on BSE after Porinju Veliath bought stake in the firm.

Veliath, who is known to pick multibagger smallcap stocks, owned 2,68,000 shares or 1.07 per cent stake in Taneja Aerospace as of December-end, shareholding data published by the company shows. The stake is valued at Rs 4 crore as of last trading price.

Veliath’s name did not figure among investors at the end of September quarter.

Foreign portfolio investors were also among those that raised their stake in the firm. As of December-end, they held 1,01,984 shares or 0.41 per cent against 25,000 shares or 0.1 per cent as of previous quarter.

Taneja Aerospace is involved in manufacturing and maintenance of light transport and trainer aircraft. The company gained prominence after the government stood behind maintenance of aircraft services in India.

The stock is already a multibagger. It has delivered 334 per cent returns in the last one year. It has nearly doubled in the last three months itself.Porinju Veliath picks stake worth Rs 4 crore in Taneja Aerospace

NEW DELHI: Shares of Taneja Aerospace & Aviation were locked in 5 per cent upper circuit, also the 52-week high on BSE after Porinju Veliath bought stake in the firm.

Veliath, who is known to pick multibagger smallcap stocks, owned 2,68,000 shares or 1.07 per cent stake in Taneja Aerospace as of December-end, shareholding data published by the company shows. The stake is valued at Rs 4 crore as of last trading price.

Veliath’s name did not figure among investors at the end of September quarter.

Foreign portfolio investors were also among those that raised their stake in the firm. As of December-end, they held 1,01,984 shares or 0.41 per cent against 25,000 shares or 0.1 per cent as of previous quarter.

Taneja Aerospace is involved in manufacturing and maintenance of light transport and trainer aircraft. The company gained prominence after the government stood behind maintenance of aircraft services in India.

The stock is already a multibagger. It has delivered 334 per cent returns in the last one year. It has nearly doubled in the last three months itself.