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Multibagger stock: Narayan Murthy-backed company buys stake in Gokaldas Exports during Q2. Shares close to record high
Gokaldas opened in the green and went on to hit an intraday high of ₹950 apiece on the NSE. The stock is still around 10 percent away from its life-time high of ₹989 apiece.
Multibagger stock: Gokaldas Exports shares were trading higher on Thursday amid positive sentiment over the recent development of Narayana Murthy-backed Catamaran Ventures picking stake in the company. Infosys founder Narayana Murthy is the founder and chairman of Catamaran Ventures.
Gokaldas opened in the green and went on to hit an intraday high of ₹ 950 apiece on the NSE. The stock is still around 10 percent away from its life-time high of ₹ 989 apiece.
Gokaldas Exports share price has surged 150 percent year-to-date (YTD).
As per the shareholding pattern filed by Gokaldas Exports Ltd for July to September 2023 quarter, Catamaran Ventures has picked a 1.12 percent stake in the company.
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However, it would be difficult to ascertain whether Catamaran Ventures picked the entire 1.12 percent stake during Q2FY24 or the company held stake below 1 percent earlier. As per the exchange filing rules, a listed company is required to share names of all public shareholders who own one percent or more stake of the firm.
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This could mean that Catamaran Ventures may have held stake below 1 percent earlier but it made it to the shareholding pattern only now because its stake rose to over 1 percent in Q2. However, there's no clarity on whether the company held any stake in Gokaldas earlier.
GOKALDAS EXPORTS
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Billionaire Infosys founder Murthy to double private firm's investments
Catamaran ventures, based in bangalore, employs about 15 staff in india overseeing holdings spanning e-sports, insurance and elon musk's space exploration technologies corp.
 "Narayan Murthy")
Narayan Murthy, Infosys Ltd. founder
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If we don't vote, we have no right to criticise, says narayana murthy, infosys q3 growth may be muted on higher furloughs; pat may rise 9-15% yoy, infosys strong tcv, deal wins in q3 lend comfort amid macro risks: analysts, infosys q4 preview: profit may weaken sequentially; fy24 guidance eyed, it major infosys rewards employees with equity shares under 2 schemes, lic q4 net rises fivefold to rs 13,421 cr, net premium income dips 8.3%, indian it firms to see revenue decelerate by 5%: s&p global ratings, nykaa q4 earnings slip 72% to rs 2.4 crore, even as revenue rises 34%, nclat asks 3 more go first lessors to approach nclt for recovery of planes, icra q4 net profit up 14.5% yoy to rs 38.6 cr; revenue rises 16.4%.
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First Published: May 24 2023 | 10:38 PM IST
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Catamaran’s investment looks to have been a late-stage one. Reports show that it was part of the $410 million round that Reddit raised in 2021 along with key investors including Soul Ventures ...
Premium Gokaldas Exports share price has surged 150 percent ... it would be difficult to ascertain whether Catamaran Ventures picked the entire 1.12 percent stake during Q2FY24 or the company held ...
Catamaran Ventures LLP, which began operations in 2009, will raise its assets under management to as much as $2 billion and is exploring strategic partnerships in three new areas: deep tech, precision engineering and manufacturing, and renewables, according to Chairman MD Ranganath.