52-week high alert: Ashish Kacholia’s multibagger stock reports 400 per cent increase in net profit!

Shares of the company have gained more than 180 per cent in the last one year.

Shares of Aditya Vision Limited made a fresh 52-week high on Monday, gaining 0.53 per cent. In the last six months, the stock has gained about 60 per cent.

The company posted impressive Quarterly Results in Q1FY24. The revenue of the company stood at Rs 641.23 crore which grew by 46.23 per cent YoY. The operating profit of the company stood at Rs 64.67 crore which grew by 42.54 per cent on a YoY basis, while the PAT of the company stood at Rs 37.42 crore, which increased by 429 per cent QoQ.

Ace investor Ashish Kacholia has increased his stake in Aditya Vision Limited in Q1FY23. Earlier, Ashish Kacholia had a 1.11 per cent stake in the company, while as of June 2023, he has a 1.99 per cent stake in the company.

Aditya Vision is a dominant player in Bihar with more than 86 stores and with more than 50 per cent market share. The company remains committed to its strategy of expanding in under-penetrated markets of the Hindi heartland.

Aditya Vision Limited has delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 779.80 on July 21, 2022, to Rs 2194.90 on July 21, 2023, an increase of 180 per cent in one year holding period. While one 5-year basis, the stock has gained more than 3,200 per cent, and investors should keep a close eye on this stock.

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