Now Reading: Nippon India Equity buys 15 lakh Iris Clothings shares
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Nippon India Equity buys 15 lakh Iris Clothings shares
Nippon India Equity Opportunities AIF has bought 15 lakh shares of Iris Clothings at an average price of Rs 55 apiece through a bulk deal on the NSE. The transaction has drawn…
The Story in Brief
Nippon India Equity Opportunities AIF has bought 15 lakh shares of Iris Clothings at an average price of Rs 55 apiece through a bulk deal on the NSE. The transaction has drawn market attention to the small-cap stock, which has been on a sustained rally for over a year.
Iris Clothings shares have surged 250% in five years and hit a fresh record high of Rs 56.25 on Tuesday. The stock gained 346% in 2022 and is up 47% in 2025 so far. Promoters held 61.2% stake at the end of June quarter, while public shareholders held 38.1%, with over 70 retail investors holding more than Rs 2 lakh each accounting for 20%.
The Indian Opinion
The narrative that institutional buying always validates a stock's run is misleading. Retail investors chasing this 2,176% multibagger over six years should note that past performance rarely repeats. Small-caps with low liquidity and high promoter holdings can swing sharply. The real test will be whether Iris Clothings' earnings growth justifies its current valuation, or if this is just momentum attracting more capital.
Source: livemint.com
This story was synthesised by AI from the source linked above.
