Vellayan Subbiah’s group stocks: CG Power, Chola Investment, Tube Investments soar up to 22x

Ever since Vellayan Subbiah took charge as executive chairman of the Cholamandalam Investment on November 20, 2020, the group stocks under him have witnessed multifold growth.

He is the executive chairman of Cholamandalam Investment, the chairman of CG Power and vice-chairman of Tube Investments.

The CG Power stock traded at an average of ₹39.32 apiece in January 2021 and is now at ₹881.4 apiece.

Meanwhile, the Cholamandalam Investment stock averaged at ₹394.77 in 2021 and is currently at ₹1,863 apiece.

Lastly, Tube Investments shares traded at an average of ₹771.94 in January 2021 and are now at ₹2,870 apiece.

The CG Power stock has risen 22 times, while the Cholamandalam Investment and Tube Investments stocks have increased 4.8 times and 3.7 times, respectively, from 2021 to 2026.

The total market cap of these three stocks in January 2021 was ₹54,800 crore, which has now surged to ₹3.5 lakh crore.

Shares of Cholamandalam Investment were trading 2.3% up at 1,916.1 apiece at 9.52 am on Wednesday, while of Tube Investments were up 0.2% at 2,894.4 apiece and of CG Power were up 0.4% at 882.05 apiece.

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