Investor Porinju Veliyath buys 1.2% stake in Fratelli Vineyards
Investor Porinju Veliyath purchased 5 lakh shares, representing a 1.2% stake, in Fratelli Vineyards worth ₹5.5 crore through bulk deals. Following the purchase, the stock jumped 5% to ₹109.70 despite reporting a Q1FY25 net loss of ₹5.8 crore. Over the last three years, it has risen from ₹44.65 to ₹142.95, recording a strong 47.4% CAGR.