New Delhi: Porinju Veliyath Portfolio: Kerala Ayurveda shares are one of the multibagger stocks that the Indian stock market has delivered in a year’s time. This small-cap multibagger stock is up more than 200 percent in a year and nearly 325 percent in the last five years. However, Porinju Veliyath, the king of small-cap stocks in India, is still bullish on this multibagger pharma stock. The Indian fund manager which manages the portfolio of its funds and investors in its fund management company Equity Intelligence India Pvt Ltd, has raised stake in Kerala Ayurveda during the recently ended March 2024 quarter.
As per Kerala Ayurveda’s shareholding pattern for the recently ended March 2024 quarter, Porinju Veliyath has increased its stake in the small-cap company to 5.18 per cent from 4.82 per cent. This means the small-cap stocks czar increased stake in the pharma company by adding additional 0.36 per cent shares of the company to his stock portfolio.
Porinju Veliyath’s stake in Kerala Ayurveda
As per the shareholding pattern of Kerala Ayurveda for the January to March 2024 quarter, Porinju Veliyath holds 6.23 lakh company shares, which is 5.18 percent of the total paid-up capital of the company. However, as of December 31, 2023, Porinju Veliyath held 5.36 lakh shares or 4.82 per cent stake in the company. This means Porinju Veliyath bought 87 lakh more shares of Kerala Ayurveda Limited during Q4FY24.
Kerala Ayurveda Share Price History
After the start of the new year 2024, this Porinju Veliyath portfolio remains in stock base building mode. However, Kerala Ayurveda shares are one of the multibagger stocks that the Indian stock market has delivered in a year. The multibagger pharma stock has surged from around ₹91 to ₹276 per share on the BSE, registering a rise of over 200 per cent in this time frame. Over the last five years, Kerala Ayurveda’s share price has risen from around ₹65 to as high as ₹276 per share, giving returns of 325 per cent to its existing shareholders during this period.
The small-cap multibagger stock has a market cap of ₹330 crore and its current trade volume on BSE is only 3,675. This means that the small-cap stock is a stock with a low float and can move in either direction on a short trigger. Its 52-week high is ₹329.75 while its 52-week low is ₹89 per share.
