Highlights Amitabh Bachchan’s big bet on a small company. Bought more than 3 lakh shares, earned 5 times return in 5 years.
New Delhi. Amitabh Bachchan, popularly known as the Emperor of Bollywood and ‘Big B’, is earning a bumper by betting on the shares of a small company. The stock of a small company included in his portfolio has given 5 times return in the last 5 years. Actually, in the year 2017, the IPO of wiring company DP Wires came. Amitabh Bachchan had placed a bet in this IPO.
According to data available with Ace Equity, Amitabh Bachchan holds 3,32,800 shares or 2.45% stake in National Stock Exchange (NSE)-listed DP Wires. After the IPO of this company, Big B had invested in its shares. Big B has the company’s shares since September 2018.
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Nearly 5 times return given in 5 years
There has been a jump of 4.87 times in the share price of DP Wires. The shares of the company were at the level of Rs 74 on the National Stock Exchange on 3 September 2018. According to a report by Business Today, on the last trading day i.e. March 3, 2023, the company’s shares have reached a level of Rs 359.85. With this, the market cap of the company has increased to Rs 488.92 crore. In September 2018, it was at the level of Rs 100.40 crore.
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Made 2.5 crores into 12 crores
Giving almost five times return, this smallcap stock has made Big-B earn handsomely. Talking about the last one year, it has given a return of about 20 percent. When Big B invested in these shares, his investment value was around Rs 2.5 crore, which has increased to around Rs 12 crore.
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Tags: Amitabh Bachchan, Investment, Share market, Stock market
FIRST PUBLISHED : March 04, 2023, 14:41 IST