Porinju Veliyath is an Indian Fund manager and investor has added a new stock stock into his portfolio according to the December quarter filings. The stock that he has bought is Max India Ltd. According to the company’s shareholding pattern, the ace investor has bought 4,50,000 shares which is a 1.1% stake in the company.
As of the December quarter, Veliyath publicly holds 16 stocks in his portfolio which are worth Rs 178.1 Crores.
As of 17th January 2023, the shares of Max India Ltd are trading at the price of Rs 98 which is a decrease of 0.3% since the previous day. In the Past six months, the share has given a return of 27.27%.
The company’s shareholding pattern shows that promoters hold 51.1% of the shares, FII’s hold 11.4% of the shares and the public holds 37.5% of the shares.
During the Q2 of FY23, the company has earned a total revenue of Rs. 8.3 crores which is an increase of Rs 0.1 crores compared to its previous quarter. The net profits during the same quarter were reported at Rs. 1.5 crores and have remained unchanged compared to the previous quarter.
Max India Ltd is a multi-business corporation with a people- and service-oriented business focused on the health and life care industries. The Company makes, maintains, and grows its investments in diverse industries and activities. It also offers group companies management consulting services.
-Written By Aaron Vas
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