Ashish Kacholia Sold 76,720 Shares of This Multibagger Company – Stock Surges Over 800 Per cent in Just 1 Year!
The company’s shares have delivered a multibagger return of over 800 per cent in the last 1 years.
Ashish Kacholia sold 76,720 shares, representing 0.56 per cent of his holdings in Sky Gold, at an average price of Rs 2,602.93 through a bulk deal on September 23. As of September, he held a 2.63 per cent stake in the company.
Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery. The co. follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores that sell these products through online platforms and retail stores.
At the start of the day's trading session, the stock opened at Rs 2620 per share, compared to the previous day's closing figure of Rs 2616.70 per share on the BSE. Finally, the shares closed at Rs 2657.20 per share. The company's current market capitalization stands at Rs 3517.39 crore, and the stock has generated an impressive multibagger return of over 800 per cent in the past 1 year. On the BSE, there was a notable volume spurt of 1.36 times.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the Quarterly Results, in Q1 FY25, Sky Gold Limited recorded a revenue of Rs 723 crore. The operating profit for Q1 FY25 stood at Rs 37 crore. The net profit for Q1 FY25 was Rs 21 crore representing a gain of 91 per cent YoY compared to a profit of Rs 11 crore. Looking at the annual performance, the company generated a revenue of Rs 1745 crore in FY24, compared to Rs 1154 crore in FY23. The operating profit for FY24 was Rs 77 crore with a net profit of Rs 40 crore.
According to the shareholding pattern of Sky Gold Limited, promoters own a 61.32 per cent stake, while public investors hold 38.58 per cent. Foreign Institutional Investors (FIIs) hold 0.08 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.