Madhuri Madhusudan Kela, a well-known investor, has boosted her portfolio with fresh investments worth Rs 965 crore, according to the latest shareholding reports for December. She bought shares in two companies: Waaree Energies and Indostar Capital Finance.
Kela purchased 33,41,700 shares in Waaree Energies, giving her a 1.16% ownership in this company that makes solar energy products. This investment cost her Rs 870.6 crore. She also bought 33,79,834 shares in Indostar Capital Finance, which means she owns 2.48% of this non-banking financial company. This investment was worth Rs 94.5 crore. It’s important to note that Kela didn’t own shares in these companies during the September quarter.
As of December 2024, Madhuri Kela owns 11 different stocks, valued at over Rs 1,414.3 crore, according to data from Trendlyne.
Waaree Energies: Overview
Waaree Energies has seen its stock price increase by 73.34% in the last year, making it a strong choice for investors. Recently, the stock price fell by 1.71% and closed at Rs 2,604.40. In the second quarter of FY25, the company reported steady revenue of Rs 3,574 crore, which is a slight increase from Rs 3,537 crore last year. Their profit after tax went up by 17% to Rs 376 crore.
Indostar Capital Finance: Overview
Indostar Capital Finance has also been performing well. Its stock price increased by 16.36% over the past six months and 38.77% in the last year, closing at Rs 279.25 after rising by 1.82%. In the same quarter, the company’s profit increased by about 28%, even with a dip in revenue. They managed to keep expenses under control, showing strong financial management.
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