600 per cent returns: Mukul Agrawal gains Rs 10,09,56,000 in this multibagger stock in just one month!

Shares of the company gained over 90 per cent in the last six months.

PDS Limited is engaged in the trading of garments, investment holding, design, development, marketing, sourcing and distribution of readymade garments of all kinds and other consumer products worldwide.

The company’s shares have gained over 90 per cent in the last six months. The stock has witnessed heavy buying activity from investors in the last one month as well which has gained about 4.77 per cent in the last one month. Ace investor Mukul Agrawal holds a 2.72 per cent stake in the company. Mukul Agrawal has gained over Rs 10.09 crore in profit on his 35,80,000 shares in PDS, which soared by Rs 28.2 per share in the last one month.

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The company reported weak Quarterly Results for Q2FY24, with revenue decreasing by 15.69 per cent YoY to Rs 2462.76 crore. The operating profit and PAT also declined by 9.52 per cent and 22.22 per cent YoY to Rs 144.92 crore and Rs 88.05 crore, respectively.

The company is also expanding its portfolio with customized offerings, such as sourcing as a service and brand management. In line with this strategy, PDS's UK-based vertical Poeticgem has acquired the brand intellectual property (IP) of Little Mistress. Poeticgem will now own various brands under Little Mistress and will design, source, and distribute the Little Mistress portfolio of brands worldwide. This transaction underscores Poeticgem's commitment to delivering high-quality fashion experiences across the fashion value chain to its global customers. 

The stock has also delivered multibagger returns of over 600 per cent in the past three years. Investors should keep a close eye on this.

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