Ashish Kacholia gains Rs 3,34,95,000 and Nikhil Vora gains Rs 2,06,08,125 from this multibagger micro-cap stock in just 1 day, scrip hit upper circuit and FIIs & DIIs increase stake!
The stock gave multibagger returns of 375 per cent in 3 years and a whopping 680 per cent in 5 years.
Today, along with the market ended in green with Sensex and Nifty-50 up over 0.3 per cent each. Along with the market in green, one multibagger micro-cap stock with a market cap of Rs 481.5 crore, hit 20 per cent upper circuit to Rs 656.60 per share from its previous closing of Rs 547.2. At the closing bell, the shares of the company were trading at Rs 655.95 per share, up 19.47 per cent or 108.75 points with a spurt in volume by more than 13.60 times on BSE.
The champion stock name is INFLAME APPLIANCES LTD.
Inflame Appliances, is an established prominent manufacturer of LPG stoves/ Cooktops and sheet metal components. The present facilities at Inflame include a metal pressing unit and producing metal cooktops, glass cooktops, built-in hobs and chimneys.
Two ace investors Ashish Kacholia and Nikhil Vora (along with Nikhil Vora HUF) own stakes in the company. Ashish Kacholia owns 3,08,000 shares or 4.20 per cent while Nikhil Vora collectively owns 1,89,500 shares or 2.58 per cent (Nikhil Vora owns 1,12,500 shares or 1.53 per cent and Nikhil Vora HUF owns 77,000 shares or 1.05 per cent stake).
As of today’s closing, price, Ashish Kacholia gains Rs 3,34,95,000 and Nikhil Vora gains Rs 2,06,08,125 from this multibagger micro-cap stock in just 1 day.
According to the financials, the company reported positive numbers in its half-yearly results (Q2FY23) and annual results (FY23). The shares of the company have a PE of 148.7x whereas the industry PE is 61.3x with an ROE of 11.7 per cent and an ROCE of 13.6 per cent. Additionally, FIIs have increased their stake to 3.41 per cent and DIIs have increased their stake to 2.62 per cent in September 2023 compared to 1.12 per cent and 2.24 per cent respectively, in June 2023.
The stock is down by 10.13 per cent from its 52-week high of Rs 730 per share whereas the stock is up by 80.65 per cent from its 52-week low. The stock gave multibagger returns of 375 per cent in 3 years and a whopping 680 per cent in 5 years.
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Disclaimer: The article is for informational purposes only and not investment advice.
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