DP Wires stock has given a return of more than 1500% in the last three years. The company’s shares were selling at a price of only Rs 41 on 3 April 2020 and on 17 November 2023, the stock reached a 52-week high of Rs 677.80. However, so far this year, profit booking has been seen in this stock. The company’s shares have fallen by 25% so far in YTD.
According to the information given on BSE, Amitabh Bachchan holds 2,98,545 shares of DP Wires. This is equivalent to a 1.93 percent stake.
What are the details about the DP Wires share?
Data available on BSE shows that Amitabh Harivansh Rai Bachchan, also known as Big B, has held a stake in this company since September 2018. However, the stake has decreased in the meantime but is still more than 1%.
This Madhya Pradesh-based company is engaged in the manufacture and supply of steel wires and plastic films, which are used in industries such as oil and gas, power, environment, civil, energy, automobile, and infrastructure.
IPO came in 2017
Let us tell you that on September 21, 2017, DP Wires launched its IPO and it was listed on October 5 at Rs 75 per share. The stock of DP Wires was trading at Rs 440.70 on Tuesday today. This represents a gain of 487% since its listing price.
Also Read – Union Budget 2024 : What Should Be Your Market Strategy Now? Which Stocks To Buy? Experts Share Advice
