Investor Mukul Mahavir Agrawal, who own stocks worth nearly Rs 8,000 crore, has bought 6,00,000 shares or 2.88 per cent stake in Solarium Green Energy. He was not among company shareholders at the end of March quarter.
Agrawal's stake purchase in Solarium Green Energy in Q2 coincided with a 26 per cent slide in the multibagger stock. Since September 30, the stock is up 6 per cent. Advertisement
The multibagger stock had more than doubled investor money since its listing on February 13 this year, before it starting falling from June peak of Rs 484. On Friday, the scrip rose 13.38 per cent to hit a high of Rs 374 apiece. At this price, it is up 96 per cent over its IPO issue price of Rs 191.
Solarium Green Energy offers turnkey solar solutions, which involves design, engineering, procur