2,600 per cent returns: Ashish Kacholia’s portfolio multibagger stock announces stock split after Rs 5/share dividend!
As of June 2023, Ashish Kacholia, an ace investor, possessed a 1.04 per cent ownership stake in the company.
On Friday, the benchmark indices ended the day in the red. BSE Sensex Index is down by 0.56 per cent at 64,886.51, and NSE Nifty-50 Index is down by 0.62 per cent at 19,265.80.
Although the market is trading in the red this week, one FMCG stock was trending and trading in the green. Let us know why this stock is trending:
The Board of Directors of the company has determined that eligible shareholders for the purpose of sub-division / stock split of existing equity shares of the company in the ratio of 5 (Five) equity shares of face value Rs 2 (Rupees two only) each for 1 (One) equity share of face value Rs 10 (Rupees ten only) each. The company fixed the record date as Monday, September 11, 2023.
Earlier, the company announced Rs 5 per equity share having a face value of Rs 10 each. The dividend was ex-traded on August 03, 2023.
As of June 2023, Ashish Kacholia, an ace investor, possessed a 1.04 per cent ownership stake in the company.
On Friday, shares of the company ended the trading session in the green, surging 0.49 per cent to Rs 1,054.90 per share with an intraday high of Rs 1,084.80 and an intraday low of Rs 1,042.70. The stock’s 52-week high is Rs 1,161.45 and its 52-week low is Rs 666.95.
The multibagger FMCG stock name is ADF FOODS LTD.
ADF Foods is engaged in the business of manufacturing and selling food products like pickles, chutneys, ready-to-eat items, paste and sauces, frozen foods, spices etc. The company has a market cap of over Rs 2,300 crore.
According to the Quarterly Results, the net sales increased by 15.46 per cent to Rs 112 crore and net profit increased by 87.5 per cent to Rs 15 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 6.88 per cent to Rs 450 crore and net profit increased by 14.3 per cent to Rs 56 crore compared to FY22.
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The stock gave multibagger returns of 190 per cent in 3 years, 330 per cent in 5 years and a whopping 2,600 per cent over a span of a decade. Investors should keep an eye on this Small-Cap FMCG stock.
Disclaimer: The article is for informational purposes only and not investment advice.