Porinju Veliyath buys stake in Nomura-owned stock that has risen 50% in 6 months

Max India share price history

Max India shares are one of those shares on Dalal Street that have delivered stellar return to its positional shareholders. In last one month, this small-cap Porinju Veliyath stock has risen from around ₹95 to ₹102.50 apiece levels, delivering around 7.50 per cent return to its shareholders. In last six months, this small-cap stock has risen from around ₹68 to ₹102.50 levels, ascending more than 50 per cent in this time. In year-to-date (YTD) time, Max India share price has surged from ₹75 to ₹102.50 per share levels, appreciating around 35 per cent in 2022. In last one year, it has delivered to the tune of 33 per cent return to its positional investors.

FII shareholding in Max India

As per the Max India Ltd shareholding pattern for July to September 2022 quarter, FPIs (Foreign Portfolio Investors) hold 30,59,984 company shares, which is 7.11 per cent of total paid up capital of the company. Out of these 7.11 per cent FPI-owned shares, Nomura Singapore owns 6,40,000 shares or 1.49 per cent stake in the company. Apart from Nomura, Habrok India Master hedge fund owns 8,16,738 Max India shares that are 1.90 per cent of total paid up capital of the company. TVF Fund operated by TCF Capital, which has a history of giving absolute risk-adjusted return, has also made investment in this new Porinju Veliyath portfolio stock. TVF Fund holds 10,60,955 shares or 2.47 per cent stake in the company.

The stock is owned by ace investor Narayan Krishnamurthy Iyer as well. The ace investor holds 5.25 lakh company shares, which is around 1.22 per cent of total paid up capital of the company.