450 per cent returns: Ashish Kacholia’s portfolio multibagger stock hits back-to-back 52-week high!

Shares of the company gained over 120 per cent in the last six months!

Shares of Garware Hi-Tech Films Limited (GHFL) surged 1.62% on the BSE today to hit a fresh 52-week high of Rs 1,418.85. The rally was driven by a number of factors, including the company's robust financial results for the first quarter of fiscal year 2024, as well as the increasing stake of ace investor Ashish Kacholia in the company. The stock is making new 52-week from last 2 days. 

Ashish Kacholia, who is known for his investment acumen, has been steadily increasing his stake in GHFL in recent months. He currently owns a 4.17% stake in the company, up from 2.03% in March 2021.

The recent quarter ended on June 30, 2023 (Q1FY24). The company revenue of the company stood at Rs 379.71 crore, with a growth of 2.66% on a YOY basis. The operational profit stood at Rs 72.73 crore, with an increase of 2.89% YoY. However, the company's net profit after tax (PAT) saw a significant decline, reaching Rs 42.29 crore, with a decline of 1.91%. The company has a strong track record of innovation and product development, and it is also expanding its capacity to meet the growing demand for its products.

Also read, Avoid these 5 common financial mistakes to secure your future.

With ace investor Ashish Kacholia on board, GHFL is well-placed to achieve its growth targets and deliver strong returns to its shareholders in the coming years.

In the last 6 months, the shares of the company have given multibagger returns of over 120 per cent, and on a 5-year basis, the stock has given about 485 per cent returns.

The stock has shown impressive growth and investors should keep a close eye on this stock.