Ace Investor Ashish Kacholia picks up stake in this company. Do you own it?

In the past 5 trading days, the stock has witnessed heavy buying, rising more than 35 per cent

On Tuesday, shares of Virtuoso Optoelectronics skyrocketed more than 17.5 per cent to make an intraday high of Rs 186. The scrip witnessed a massive spurt in volume by more than 3.35 times.   

On January 30, the company announced that the board has approved to offer, issue and allot preferential share issue, with the issuance of 24,56,140 shares at a price of Rs 142.50, aggregating to approximate value of Rs 35 crore.   

Ace investor Ashish Kacholia has been added as the name of proposed allottee, having an option of 12,28,070 shares to be issued, aggregating to approximate value of Rs 17.5 crore. The remaining approximate value of Rs 17.5 crore issue has been allotted to Bengal Finance and Investment Ltd.   

Incorporated in 2015, Virtuoso Optoelectronics Limited manufactures consumer durable goods, assembles a wide array of products and provides end-to-end product solutions. The company's current product portfolio of consumer goods includes split air conditioners, water heaters, LED lighting products and other miscellaneous products such as injection molding components for air conditioners.  

Since its listing on September 15, 2022, the stock has shown positive performance as it has gained more than 57 per cent. In the past 5 trading days, the stock has witnessed heavy buying, rising more than 35 per cent. Keep a close eye on this trending stock.