Ashish Kacholia’s bullish move: Increases stake in this multibagger stock, Triggers 52-week high!

Shares of the company have gained more than 3 per cent in today’s trade.

Ace investor Ashish Kacholia is one of the most successful investors in the Indian stock market. He is known for his exceptional stock picks and for finding hidden gems in the stock market. Ashish Kacholia increased his stake in Aditya Vision Limited in Q1FY23. Earlier, Ashish Kacholia had a 1.11 per cent stake in the company, while as of June 2023, he has a 1.99 per cent stake in the company. Owning to positive news, the stock made a fresh 52-week high.

Earlier, Aditya Vision Limited announced that it has opened the 117^th showroom at Ranka Road, Ranki Mohalla, Garhwa- 822114, Jharkhand.

Aditya Vision is a dominant player in Bihar with more than 86 stores and with more than 50 per cent market share. The company remains committed to its strategy of expanding in under-penetrated markets of the Hindi heartland.

Aditya Vision Limited has delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 775.75 on July 18, 2022, to Rs 1958.90 on July 18, 2023, an increase of 150 per cent in one year holding period. 

Today, the stock opened at Rs 1940.00, with a high and low of Rs 1969.90 and Rs 1900.00. The stock closed trading at Rs 1958.90, down by 3.58 per cent.

The stock has a 52-week high of Rs 1969.90 and a 52-week low of Rs 722.00. The company has a ROCE of 26.5 per cent and an ROE of 59.7 per cent with a market capitalisation of Rs 2,356 crore.

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