Religare Enterprises shares have seen a strong uptrend over the last 6 months and have gained in excess of 60% as against 12% returned by Nifty50. The 1-year returns are at 28% versus 14% by the 50-stock index.
Dhawan picked up a 1.66% stake in Religare Enterprises (REL) - a diversified financial services group giving services across verticals viz. loans to SMEs, affordable housing finance, health insurance and retail broking. The value of his holding in the company stands at Rs 94.3 crore, according to Trendlyne data.