Ace Investor Shankar Sharma purchased 3.65 lakh shares in this small-cap company; Promoters increased their stakes in Q4 FY24

The company's shares have delivered a multibagger return of around 4,535 per cent in the past five years.

Ace investor Shankar Sharma has acquired a 0.51 per cent stake in Bigbloc Construction by purchasing 3.65 lakh shares at an average price of Rs 235, totalling Rs 8.57 crore.

Today, the shares of Bigbloc Construction rose around 3 per cent, extending the previous day’s around 7 per cent gain, after renowned investor Shankar Sharma bought an equity stake in the company.

Bigbloc Construction has a 27.39 per cent public shareholding. Nxt Fab Private and Nxt Polyester Private are other public shareholders in the company, owning stakes of 3.62 per cent and 3.27 per cent, respectively.

In the latest update, the promoters' stake in the company has risen from 72.27 per cent to 72.42 per cent. Furthermore, Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) have entered the company by acquiring stakes of 0.12 per cent and 0.08 per cent, respectively.

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Share Performance:

Today the company’s stocks closed the day at Rs 272.10 per share representing a gain of 2.87 per cent today. The current market capitalisation of this company stands at Rs 1,926 crore.

Shares of this Small-Cap company have delivered impressive returns of around 112 per cent in the past year and a multibagger return of around 1583 per cent in the past three years.

Financial Performance:

As per the Quarterly Results in Q4 FY24, Bigbloc Construction reported revenues of Rs 67.95 crore, reflecting a growth of 46 per cent YoY compared to the same quarter in the previous year, when the revenue stood at Rs 46.55 crore. The company posted an operating profit of Rs 12.55 crore for the quarter, in contrast to an operating profit of Rs 10.60 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 8.65 crore, compared to a net profit of Rs 5.56 crore in the same period last year.

Business Overview

Incorporated in 2015, Bigbloc Construction Limited specialises in the production, sale, and promotion of AAC (Aerated Autoclaved Concrete) Blocks, marketed under the brand name NXTBLOC. The company's main office is located in Surat, Gujarat, focusing on manufacturing and distributing these AAC Blocks.

Investors must keep this small-cap multibagger stock on their radar.

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