Rs 4,00,00,000 Gains: Mukul Agrawal’s Gujarat-Based Small-Cap Multibagger Hits 52-Week High; FIIs Raise Stake
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The stock has gained over 24 per cent so far in May. Over the last one year, it has advanced 30.19 per cent, while in the past five years, the stock has surged 241 per cent, delivering multibagger returns to its shareholders.
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The Indian equity market remained under pressure on Monday, with the Nifty 50 slipping below the key psychological level of 24,000. The sell-off was accompanied by a sharp rise in volatility, as India VIX jumped nearly 9 per cent and moved above the 18 mark.
The weak sentiment came after US President Donald Trump rejected Iran’s latest proposal to end the conflict in the Middle East. This reduced hopes of a quick resolution and kept concerns alive over possible disruption in the Strait of Hormuz.
Amid this market weakness, one Small-Cap stock that stood out was Arman Financial Services Ltd.
Arman Financial Services Share Price Hit 52-week high
Arman Financial Services share price jumped nearly 6 per cent on Monday, May 11, 2026, and touched a fresh 52-week high. With this move, the stock has gained over 24 per cent so far in May. Over the last one year, it has advanced 30.19 per cent, while in the past five years, the stock has surged 241 per cent, delivering multibagger returns to its shareholders.
Ace Investor Mukul Agrawal Stake in Arman Financial
The stock also remains interesting from a shareholding perspective. Ace investor Mukul Mahavir Agrawal holds a 3.80 per cent stake in the company, equivalent to 4,00,000 shares. Another key observation is the increase in FII holding, which rose from 1.69 per cent to 2.61 per cent during the March quarter.
With the stock gaining around Rs 100 per share during the day, Mukul Mahavir Agrawal’s holding saw an estimated notional gain of nearly Rs 4 crore on May 11, despite the broader market sell-off.
Arman Financial Services Limited, together with its subsidiary Namra Finance Limited, is a non-deposit-taking Non-Banking Financial Company registered with the RBI. The company began operations with asset-backed finance lending in Gujarat. After the RBI created a separate category of NBFCs for microfinance lending, its wholly owned subsidiary, Namra Finance Limited, became the first company in India to receive an NBFC-MFI licence on February 14, 2013. In March 2017, Arman Financial Services also entered the MSME lending business.
Disclaimer: The article is for informational purposes only and not investment advice.