Dheeraj Kumar Lohia Holds 3.05 Per Cent Stake: Multibagger Textile Stock Locked In 20 Per Cent Upper Circuit; Here’s Why
The stock is up by 35.22 per cent from its 52-week low of Rs 135 per share and has given multibagger returns of over 700 per cent in 5 years.
On Tuesday, one of the Top Gainers on BSE, shares of Jasch Industries Ltd hit a 20 per cent upper circuit to Rs 182.55 per share from its previous closing of Rs 152.15 per share. The stock’s 52-week high is Rs 235.95 per share and its 52-week low is Rs 135 per share The shares of the company saw a spurt in volume by more than 17 times on the BSE.
The Board of Directors Announced the Following Updates
- Supply Agreement for Automotive Sector: The Company has started supplying coated fabrics for use in the interior of Hyundai Kia cars.
- Purchase of additional land and machinery: The four-head imported (used) PVC/PU coated fabrics line has been received from abroad. When the construction is complete and the plant is erected, the estimated capacity addition will be intimated to the BSE.
- Launch of new product: Commercial sales of lamination adhesive have started.
About the Company
Jasch Industries Ltd is a multifaceted company specialising in the production of coated textiles, synthetic leather and electronic thickness gauges. Their PU and PVC-coated fabrics, commonly known as synthetic leather, are widely utilised in the footwear industry as a crucial raw material for shoe manufacturing. Additionally, the company excels in providing online measurement and control systems for flat sheet products. Their electronic gauges, including thickness gauges, coating thickness gauges and paint thickness gauges, are essential tools for industries such as paper, plastic films and steel, aiding in precise measurement and quality control.
The company has a market cap of Rs 124 crore with a PE of 17x, an ROE of 32 per cent and an ROCE of 22 per cent. Dheeraj Kumar Lohia holds a 3.05 per cent stake as of March 2025. The stock is up by 35.22 per cent from its 52-week low of Rs 135 per share and has given multibagger returns of over 700 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.