This Radhakishan Damani owned stock is up 20% in five days, here's why

The stock has sharply rebounded from its record lows that it touched back in March this year.

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26 Aug, 2025 12:21

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Ace investor  Radhakishan Damani owned stock--Mangalam Organics is going up the staircase as it was locked in its 5 percent upper circuit for the third straight session. With this upmove, the stock has climbed nearly 20 percent in the past five sessions.

Even though the rebound in the stock began after it hit a record low in March this year, the latest trigger for a rally in the counter has been a stake increase by its promoter. The stock has moved from one upper circuit to another since data on exchanges showed that its promoter Kamalkumar Ramgopal Dujodwala lapped up 3.2 lakh shares, representing nearly 4 percent stake in Mangalam Organics valued at 17.82 crore.

Also Read | This Radhakishan Damani owned stock is making a comeback; Here's what's driving the upmove in Mangalam Organics

The recent stake increase by the promoter triggered a fresh wave of confidence among investors, signaling a potential rebound for the company in the coming quarters. Despite industry headwinds, the company consistently delivered improved net profits quarter-on-quarter last fiscal.

With signs of recovery emerging in the chemicals sector, Mangalam Organics' earnings are expected to strengthen in the upcoming quarters, as the worst now appears to be over."

Also, with the consistent rise in the share price of Mangalam Organics, the stock has more than tripled in value from its record lows of around Rs 200 that was touched in March. On September 5, the stock closed at Rs 629.80.

The stock has also kept its place intact in ace investor Radhakishan Damani's portfolio as he owns a 2.2 percent stake in the commodity chemicals company that he bought in the June quarter of FY21.

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