Mota Bhai’s Big Day! Gains Rs 8,19,60,382 in a Single Day as Mukesh Ambani-Held Stock Hits 20% Upper Circuit, Leaving Anil Ambani Group Stocks Behind

Big Brother Bags Big Bucks! Rs 8.19 Crore in a day from Small-cap stock, While Anil Ambani stocks take a breather

Indian equity benchmark indices opened on a cheerful note on Tuesday, buoyed by news of a ceasefire. However, as the trading session progressed, the markets trimmed most of their gains and ended with only modest advances. Amid this, one Small-Cap stock showed no signs of slowing down, as it surged from strength to strength and hit the upper circuit limit of 20 per cent.

The stock in focus is Mukand Ltd. Mukand's share price jumped 20 per cent to reach Rs 137.4 per share on the NSE.

Today, Mukand is a far cry from the company that began as a re-rolling mill and a foundry. With a strong presence across two key sectors—specialty steelmaking (focused on long products) and heavy machinery—Mukand has evolved into a multi-division, multi-product conglomerate and is now a vital part of the Bajaj Group of Companies.

Interestingly, billionaire Mukesh Ambani-led Reliance Industries, through its affiliate Siddhant Commercials Pvt Ltd, holds about 35,79,056 shares or a 2.48 per cent stake in the company. With Mukand’s share price rising by Rs 22.90 and hitting a near six-month high, the single-day unrealised gains for Reliance Industries (via Siddhant Commercials) amounted to Rs 8,19,60,382.

Meanwhile, shares of Anil Ambani-led companies like Reliance Power (RPower) and Reliance Infrastructure gained a modest 1.57 per cent and 2.16 per cent, respectively. As a result, Mukand Ltd significantly outperformed the share prices of Anil Ambani group companies.

Disclaimer: The article is for informational purposes only and not investment advice.