We all know Porinju Veliyath who is a famous Indian Investor and Fund Manager. He started trading as a trader and with his skills changed into investor and fund manager. Currently, He is managing own portfolio and portfolio of all the investors who have invested in his fund management firm. Some of the Indians are also known him as Small Cap Czar as he always adds small-cap stocks in portfolio who have multi-bagger potential.
In this article, we are going to tell you about new stock added by Porinju Veliyaht in his blue-chip stocks portfolio with multi-bagger potential.
This information was given by the Mukesh Bhai who is head of Intelligence Wing; They announced new stocks done by the Porinju Veliyath in blue Stocks Portfolio.
“Porinjubhai ne Praxis Home Retail ka share portfolio mein add kiya hai”
Proniju Veliyath is founder of equity intelligence and this firm is adding Praxis Home Retail Share since Dec-2018.
First, they grabbed 2,65,090 share of Praxis Home Retail in Dec-2018 & they had increased their stake by adding 3,30000 shares in March, 2019. As Porniju Veliyath increasing his stake by like this, it could be high-conviction bet recommendation by him to add in Blue-Chip Stocks Portfolio.
Currently, Investment in Praxis Home Retail by Proniju stands at Rs. 4.13 Crore with CMP of Rs. 125.
Praxis Home Retail is added as well as recommended by some other small-cap investors as we can check out below tweets;
- Ashish Chugh: As you can check the tweet, they hint about the company and other Twitter followers guess it right. He did not confirm whether this is the same stock or not. But Silence is not denying the confirmation
He did not confirm whether this is the same stock or not. But Silence is not denying the confirmation
Let’s check out the fundamentals of the stock and decide about the decision to add it in own portfolio or not.
Praxis Home Retails is in the business of home retails through departmental stores in India. They are in the business of furniture, homeware, customised solutions in kitchen and wardrobes and home improvement. Currently, they are present in 41 states and looking for expansion.
Current state of Praxis home Retails on NSE: