Heavy buying and Ashish Kacholia portfolio stock: Back-to-back upper circuit in this multibagger stock; reports a 120 per cent jump in net profit!

Shares of the company have gained about 20 per cent in the last six months.

Shares of Sky Gold Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 20 per cent.

The company posted brilliant Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 513.38 crore which grew by 90.2 per cent YoY. The operating profit of the company stood at Rs 26.89 crore, while the PAT of the company stood at Rs 13.61 crore, representing an impressive growth of 123.9 per cent YoY.

Shares of Sky Gold Limited Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 286.20 on June 23, 2023, to Rs 1337.40 on June 14, 2024, an increase of about 340 per cent in a one-year holding period. Ace investor Ashish Kacholia holds 3.05 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 who sell these products through online platforms and retail stores. The company has reputed clients like Malabar Gold, Joyalukkas, Senco , Khazana Jewellers, Khimji, Kalyan Jewellers, GRT, Istaara etc.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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