Ashish Kacholia gains Rs 17,84,50,000 in just 1 day from this multibagger stock with 7,250 per cent returns after bonus issue of shares; do you own it?

The stock gave multibagger returns of 160 per cent in 1 year, 660 per cent in 3 years and a whopping 7,250 per cent in a decade.

The BSE Sensex and NSE Nifty-50 indices were trading in red on Tuesday, with the Sensex down 0.54 per cent at 69,551.03 and the Nifty-50 down 0.43 per cent at 20,906.40. About 1,691 shares have advanced, 2,104 have declined and 110 were unchanged on BSE. 

Though the market was in red, this multibagger stock was trading in green post bonus issue of shares today. The stock was up by 12.56 per cent to an intraday high of Rs 2,215.85 per share from its previous closing of Rs 1,968.55. At the closing bell, shares of the company were trading at Rs 2,147 per share, up 178.45 points or 9.07 per cent with a spurt in volume by more than 1.77 times on BSE.

The stock name is SAFARI INDUSTRIES LTD.

An ace investor, Ashish Kacholia with a pre-bonus holding of 5,00,000 shares in a company will see their holdings double to 10,00,000 shares after a 1:1 bonus issue.

Therefore, 10,00,000 shares x 178.45 points = 17,84,50,000 in just 1 day from this multibagger stock.

Safari Industries Ltd is a leading manufacturer of luggage bags and luggage accessories. There are two broad categories of luggage i.e., hard luggage and soft luggage.

Earlier, the company had announced an interim dividend of Rs 2.50 per share, applicable to shares with a face value of Rs 2 each. This dividend was paid out on November 10, 2023

The company has a market cap of over Rs 10,000 crore with a 3-year stock price CAGR of 100 per cent. The net sales increased by 17.8 per cent to Rs 370 crore net profit increased by 53.8 per cent to Rs 40 crore in Q2FY24 over Q2FY23. In FY23, net sales increased by 72 per cent to Rs 1,212 crore net profit increased by 468.2 per cent to Rs 125 crore compared to FY22.

The shares of the company have an ROE of 34.4 per cent and an ROCE of 37.5 per cent. The stock gave multibagger returns of 160 per cent in 1 year, 660 per cent in 3 years and a whopping 7,250 per cent in a decade. As of September 2023, FIIs increased their stake to 12.95 per cent from 12.30 per cent while DIIs increased their stake to 17.51 per cent from 17 per cent. Investors should keep an eye on this Small-Cap stock.

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