ashish dhawan portfolio: Ashish Dhawan raises stake in Religare Enterprises by 66 bps to 2.32% in September quarter

Ace investor Ashish Dhawan has elevated his stake in Religare Enterprises by 66 bps bringing it to 2.32% for the quarter ended September 30 from 1.66% within the June ended quarter.

The inventory was buying and selling with minor losses on Tuesday, down 0.11% to Rs 234.60 on the BSE.

The worth of his stake in Religare Enterprises stands at Rs 178 crore, in keeping with Trendlyne information.

Shareholding of particular person buyers is mirrored within the ‘Shareholding Sample’ of BSE listed corporations on reaching 1% stake or above within the firm.

Religare Enterprises shares have seen a robust uptrend over the past 6 months and have gained in extra of 60% as in opposition to 12% returned by Nifty50. The 1-year returns are at 28% versus 14% by the 50-stock index.

Momentum Indicators RSI and MFI are at 45.9 and 31.4 which counsel that the inventory may see an additional upside. A quantity beneath 30 signifies {that a} inventory is buying and selling in an oversold zone whereas above 70 signifies that it’s in an overbought zone.

Religare Enterprises inventory has been in information for the reason that Burman household, which holds a controlling stake in Dabur, introduced an open supply for a 26% stake in Religare Enterprises for as much as Rs 2,116 crore ($255.03 million). MB Finmart, Puran Associates, VIC Enterprises and Milky Funding & Buying and selling Firm are the entities that may take part within the open supply to accumulate as much as 90,042,541 absolutely paid-up fairness shares from the general public shareholders of Religare Enterprises at a worth of Rs 235 per fairness share.The Burmans have already got greater than 21% stake in Religare and now intend to take management of Religare as soon as the open supply is concluded, the supply doc confirmed.

As per the most recent company shareholdings information compiled by Trendlyne, Ashish Dhawan publicly holds 12 shares with a internet price of over Rs 3,431.3 crore. Different shares in his portfolio included AGI Greenpac, IDFC, DishTV, Glenmark Prescribed drugs, Quess Corp, Arvind Fashions and Equitas Small Finance Financial institution amongst others.

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