Ashish Kacholia’s portfolio multibagger stock with 5,000 per cent returns; Board likely to raise funds via preferential issue!

The stock is up by 70 per cent returns in 6 months and gave multibagger returns of over 100 per cent in 1 year.

PCBL Ltd informed that the Board of Directors of the company will hold a meeting on December 16th, 2023 to discuss raising funds for the company via preferential issue. They will consider issuing different types of debt securities, such as debentures, or exploring other fundraising methods. The amount raised will depend on board approval and compliance with borrowing limits, shareholder authorization, and any necessary regulatory approvals.

Earlier, PCBL Limited agreed to form a joint venture with Kinaltek, an Australian company specializing in nano-silicon technology for battery applications. PCBL will hold a majority stake (51 per cent) in the new company, which will leverage Kinaltek's intellectual property and pilot plant to create high-margin battery products. This move aims to capitalize on the booming battery market, particularly for electric vehicles and aligns with PCBL's strategy of building a valuable product portfolio. The initial investment comprises USD 16 million in cash, followed by potential staged investments of up to USD 28 million for establishing a dedicated manufacturing facility.

PCBL Ltd has a market cap of over Rs 10,000 crore and has been maintaining a healthy dividend payout of 43.3 per cent. The company reported positive numbers in its Quarterly Results and annual results. As of June 2023, an ace investor, Ashish Kacholia owns a 1.88 per cent stake in the company.

As of September 2023, the promoters of the company own the majority stake of 51.41 per cent, followed by foreign institutional investors (FIIs) with 7.07 per cent, domestic institutional investors (DIIs) with 7.78 per cent, the government with 1.24 per cent, and the public with the remaining 32.51 per cent.

Today, PCBL Ltd gained 0.49 per cent to Rs 265.30 per share from its previous closing of Rs 264.20 with an intraday high of Rs 269.95 and an intraday low of Rs 264.15. The stock is up by 70 per cent returns in 6 months and gave multibagger returns of over 100 per cent in 1 year. The stock gave a whopping multibagger returns of over 5,000 per cent in a decade. Investors should keep an eye on this Small-Cap stock.

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