Ashish Kacholia gained Rs 22,89,68,546 from this multibagger small-cap stock in just 1 day; announces Rs 600 crore capex plan and 4,25,000 MTPA capacity by FY 2026!
The stock gave multibagger returns of 210 per cent in just 1 year, 375 per cent in 2 years and a whopping 1,800 per cent in 3 years.
On Wednesday the Indian indices ended the trading session green, with the BSE Sensex Index and NSE Nifty-50 Index both gaining 0.26 per cent each. The broader market indices performed positively, with the BSE Mid-Cap Index up 0.46 per cent and the BSE Small-Cap Index up 0.12 per cent.
Along with the market in green, shares of this multibagger company jumped 154.25 points or 19.14 per cent to reach a new 52-week high of Rs 960 per share, from its previous closing of Rs 805.75. The shares of the company saw a spurt in volume by more than 3.14 times on BSE.
Before we reveal the stock name, let's take a look at how the ace investor Ashish Kacholia made Rs in just 1 day. Here are the details:
Ashish Kacholia owns 14,84,399 shares or a 2.15 per cent stake in this company, which is currently trading at a 52-week high of Rs 925 per share. This represents a gain of Rs 119.25 per share from the previous closing price.
Hence: 14,84,399 shares x Rs 154.25 per share = Rs 22,89,68,545.75 ~ Rs 22,89,68,546 in just 1 day.
Financials about the company: -
The company has a market capitalization of over Rs 6,000 crore with a stock price CAGR of 156 per cent over the past three years. The company's shares have a PE of 30.1x, an ROE of 42 per cent, and an ROCE of 31.6 per cent. The company reported amazing numbers in its Quarterly Results and annual results. The company's median sales growth has been 22.0 per cent for the last 10 years.
On September 26, 2023, the company announced that it has an upcoming capex plan of Rs 600 crore and will increase its minerals capacity to 4,25,000 MTPA by FY 2026. Currently, the company has a healthy order of 60,000 MT.
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The stock that is causing all the excitement is GRAVITA INDIA LTD. It is a multibagger stock, which means that its price has increased many times over a period of time.
Established in 1992, Gravita India Ltd is one of the largest lead producers in India. The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects.
The stock gave multibagger returns of 210 per cent in just 1 year, 375 per cent in 2 years and a whopping 1,800 per cent in 3 years.
Do you have this stock in your portfolio? Do let us know in the comment session below
Disclaimer: The article is for informational purposes only and not investment advice.
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