Ashish Kacholia bought 1,00,000 shares of this high ROE & high ROCE multibagger stock; scrip hit upper circuit!
The stock gave multibagger returns of 130 per cent in just 6 months whereas BSE Sensex Index is up by 8.09 per cent.
Indian stock markets ended the trading sessions in green on Friday (December 01, 2023), with the BSE Sensex Index was up 0.74 per cent to 67,481.2 while the NSE Nifty-50 Index was up 0.67 per cent at 20,267.9. About 2,109 shares have advanced, 1,638 have declined and 125 were unchanged on BSE.
Along with the market in green, shares of this multibagger stock were in the green. This stock name is Brand Concepts Ltd. The company specialises in the manufacturing of bags, backpacks and fashion accessories for the Indian and international markets.
On Friday, shares of the company were locked in a 2 per cent upper circuit to Rs 655.85 per share from its previous closing of Rs 643 per share. The stock’s 52-week high is Rs 662 and its 52-week low is Rs 186.50 per share.
An ace investor, Ashish Kacholia bought 1,00,000 shares or 0.9 per cent stake in this company at Rs 658 per share aggregating to Rs 6,58,00,000.
Talking about the financials, the company has a market cap of Rs 728.51 crore with a 3-year stock price CAGR of 253 per cent. According to the Quarterly Results, the net sales increased by 55.65 per cent to Rs 68.93 crore and net profit increased by 22.11 per cent to Rs 3.71 crore in Q2FY24 compared to Q2FY23. As of September 2023, promoters own a 51.24 per cent stake in the company, Domestic Institutional Investors (DIIs) own 1.18 per cent stake and the rest of the stake is owned by the general public i.e., 47.58 per cent.
The shares of the company have an ROE of 42.7 per cent and an ROCE of 32 per cent. The stock gave multibagger returns of 130 per cent in just 6 months whereas BSE Sensex Index is up by 8.09 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.
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