1:1 Bonus Share & 10:1 Stock Split: Ashish Kacholia bought 9,10,000 shares of this multibagger civil construction company; Scrip hit upper circuit

The stock gave multibagger returns of 355 per cent in just 1 year and a whopping 7,000 per cent in 3 years.

On Friday, shares of this multibagger civil construction stock were locked in a 2 per cent upper circuit to Rs 449.85 per share from its previous closing of Rs 441.05 per share. The stock’s 52-week high is Rs 638.50 while its 52-week low is Rs 100.87. The shares of the company saw a spurt in volume by more than 2 times on BSE.

An ace investor, Ashish Kacholia bought 9,10,000 shares of this multibagger civil construction company at Rs 440 per share aggregating to Rs 40.04 crore.

Earlier, two ace investors, Mukul Agrawal bought 30,000 shares and Madhuri Madhusudhan Kela bought 20,000 shares via preferential issue of shares of the face value of Rs 10 each at an issue price of Rs 5,000 per equity share. Post stock split & bonus shares, Mukul Agrawal has 6,00,000 shares and Madhuri Madhusudhan Kela – wife of Madhusudhan Kela owns 4,00,000 shares.

The stock name is SG Mart Ltd.

SG Mart Ltd offers a wide range of products with 27+ product categories, and 1750+ SKUs. These categories include steel construction products like TMT bars, HR sheets, welding rods, binding wire, mesh net, tapping screw and barbed wire, tiles, cement, bath fittings, laminates and paints.

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The company has a market cap of over Rs 5,000 crore and has delivered good profit growth of 233 per cent CAGR over the last 5 years. The company's median sales growth has been 28 per cent in the last 10 years. According to the Quarterly Results, the net sales increased by 70.7 per cent to Rs 1,277.54 and the net profit increased by 95.7 per cent to Rs 33.65 crore in Q4FY24 compared to Q3FY24. In its annual results, net sales increased by 1,720 times to Rs 2,682.90 crore and net profit skyrocketed by 30,420 per cent to Rs 61.04 crore in FY24 compared to FY23.

Earlier, shares of the company ex-traded stock split 10:1 stock split (reducing the face value from Rs 10 to Rs 1 each) and ex-traded 1:1 bonus issue (one bonus share for each existing share, post-split) for eligible shareholders, subject to future shareholder and regulatory approvals. The ex-date for the bonus shares and the stock split was February 22, 2024.

The stock gave multibagger returns of 355 per cent in just 1 year and a whopping 7,000 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.