Small-cap stock expert Porinju Veliyath adds multibagger Kerala Ayurveda to his portfolio

Renowned small-cap stock expert Porinju Veliyath has expanded his portfolio by acquiring additional shares in a small-cap multibagger stock, Kerala Ayurveda. This move has increased his stake in the company from 3.18 percent to 4.16 percent. According to information from BSE bulk deals, Veliyath purchased 1,03,231 shares of the company at a price of ₹151.87 per equity share, resulting in an investment of approximately ₹1.56 crore. This transaction took place on October 4, 2023.

Following this news, Kerala Ayurveda shares experienced significant buying interest in morning trading sessions. The small-cap multibagger stock quickly reached its 5 percent upper circuit, reaching an intraday high of ₹159.85 per share. This intraday high represents a new all-time high for this stock in Porinju Veliyath's portfolio.

With the addition of these 1,03,231 shares, Veliyath now holds a total of 4,39,231 shares in this multibagger stock, which corresponds to 4.157 percent of the company's total paid-up capital.

Kerala Ayurveda Share Price Performance:

• Year-to-date (YTD), the stock has risen from around ₹110 to ₹159.85 per share, delivering a return of approximately 45 percent.

• Over the past year, the stock has surged from ₹72 to ₹159.85 per share, delivering a remarkable gain of around 125 percent.

• Over the past three and a half years, this small-cap multibagger stock has seen a substantial increase, rising from around ₹32 to ₹159.85 per share, marking an impressive growth of around 400 percent.

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