Heavy buying: Ashish Kacholia gains Rs 2,90,00,000 in this small-cap multibagger stock in just one day!

Shares of the company gained more than 40 per cent in the last six months.

Shares of NIIT Limited gained over 10 per cent on Tuesday. The stock witnessed heavy buying activity from investors on Tuesday. Ace investor Ashish Kacholia holds a 1.86 per cent stake in the company. In the last six months, the stock has gained about 45 per cent.

Ashish Kacholia is a stock market whiz who just made a killing. He owns a whopping 25,00,000 shares in NIIT Limited, and each share went up by Rs 11.60 yesterday. That means he made a profit of Rs 2.90 crore in a single day. Moreover, the stock has delivered multibagger returns of over 250 per cent in the last three years. DIIs have increased their stake in the company to 12.72 per cent in September 2023.

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The company posted robust Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 81.41 crore which decreased by 13.44 per cent YoY. The company's operating profit stood at Rs 16.23 crore, while the PAT of the company stood at Rs 10.72 crore, which increased by 53.42 per cent on a YoY basis.

NIIT is a leading skill and talent development corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges.

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.