Stock jumps 19% after Ramesh Damani acquires 1% stake in the company

Synopsis: Wim Plast jumped sharply after prominent investor Ramesh Damani acquired a 1% stake, representing over 1.20 lakh shares, in the company, which boosted investors’ confidence in the company.

The shares of this Cello World subsidiary, which has a 54.92 percent stake in the business and is engaged in manufacturing various plastic products, are in focus after a notable ace investor, Ramesh Damani, invested in the company. In this article, we will dive more into the details of it.

With a market capitalisation of Rs 520 crore, the shares of Wim Plast Ltd made a day high of Rs 474.90 per share, up 19 percent from its previous day’s closing price of Rs 399.10 per share. Over the past five years, the stock has delivered a poor return of only 19 percent, underperforming NIFTY 50’s return of 77 percent.

About the investment 

Wim Plast shares surged sharply after Ramesh Damani, a notable ace investor, acquired a 1 percent stake in the company. As of the company’s latest shareholding for the December 2025 quarter (Q3), Ramesh Damani holds 1,20,297 shares, which make up exactly 1 percent of the company. 

When an experienced investor like Damani shows interest in a micro-cap stock, it attracts the attention of many investors. It indicates that someone with genuine expertise sees potential in the company.

Financial and other highlights

The consolidated revenue from operations for Wim Plast stood at Rs 84 crore in Q2 FY26, up from Rs 78 crore in Q2 FY25, which is a growth of 8 percent YoY. However, on a QoQ basis, it reported a decline of 7 percent from Rs 90 crore. 

Coming down to its profitability, the company’s net profit stood at Rs 13 crore in Q2 FY26, up from Rs 11 crore in Q2 FY25, which is a growth of 18 percent YoY. However, on a QoQ basis, it reported a net profit of Rs 17 crore, which is a decline of 24 percent.

Wim Plast Limited manufactures and sells various plastic products in India and exports them as well. Their range includes plastic chairs, dustbins, industrial pallets, air coolers, and plastic sheets used in homes and factories. They also offer a wide selection of lifestyle and utility itemssuch as storage boxes, organisers, ladders, cafeteria and kids’ products, along with goods designed for businesses and public areas. Operating since 1988 from Mumbai, they are actually a part of Cello World Limited.

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