Anil Kumar Goel's latest pick hits upper circuit

New Delhi: After a stellar rally in textile counters, smallcap czar Anil Kumar Goel has picked up a significant stake in Nahar Spinning Mills.

According to the company's latest shareholding data submitted to BSE, Goel held 8,56,000 equity shares, or 2.37 per cent stake, in the company as of June 30, 2021.

His name was not there in the key shareholders of the company, the data showed.

Shares of Nahar Spinning Mills hit their upper circuit limits on Tuesday, gaining 5 per cent to Rs 291.70 on Monday. However, the counter was trading 4 per cent higher at Rs 289.25 at 10.40 am. The BSE Sensex was trading 251.88 points, or 0.48 per cent, higher at the same time.

Mutual funds kept their stake unchanged at 0.1 per cent as of June 30, 2021, the data shows. However, foreign portfolio investors (FPIs) added 0.6 per cent stake in the company on a sequential basis.

Banks and financial institutions halved their stake to 0.1 per cent in April-June 2021 period, compared to 0.2 per cent stake in January to March 2021 period. Promoters hold 66.31 per cent stake in the company.