DP Wires Jumps as Shares Rise Amid Amitabh Bachchan's Rs 1.64 Crore Stake Sale
DP Wires shares registered a significant gain, rising up to 8 percent in intraday trading on Wednesday amid high volume, following the announcement that actor Amitabh Bachchan sold a portion of his stake in the steel wires and plastic pipes manufacturer. The stock continues its upward momentum, having gained for the last three consecutive trading sessions.Performance Surge Continues for DP Wires Stock
The shares of DP Wires have shown consistent strength over recent sessions. Investors note that the company's stock has advanced by a strong 21 per cent throughout this period of sustained gains. The movement highlights renewed investor confidence in the industrial goods sector, despite notable activity from institutional and celebrity stakeholders.Bachchan’s Stake Sale Details Emerge
Bulk deal data revealed that Bollywood star Amitabh Harivansh Rai Bachchan acted as a net seller in DP Wires. He offloaded 82,056 shares worth Rs 1.64 crore. This transaction represents a strategic divestment from the popular industrial manufacturing company.Transaction Breakdown and Holding Status
The details of Bachchan's trading activity were clarified by the bulk deal information. The actor had previously acquired 41,566 shares at a price point of Rs 199.90 apiece. Subsequently, he sold 1.23 lakh shares at Rs 200.84 per share, contributing to the reported net sale.Shareholding Status and Prior Investment
As per DP Wires' recorded shareholding pattern for March 2026, Amitabh Bachchan held a stake equivalent to 2.11 per cent of the company. This stake comprised 3.27 lakh shares in the steel wires and plastic pipes firm.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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