Heavy buying: Ashish Kacholia gains Rs 6,69,50,000 in this small-cap multibagger stock in just one day; stock hits 52 new week high!

Shares of the company gained more than 20 per cent in the last six months.

Shares of Carysil Limited gained over 9.63 per cent on Thursday. The stock witnessed heavy buying activity from investors on Thursday. Ace investor Ashish Kacholia holds a 3.73 per cent stake in the company. In the last six months, the stock has gained about 20 per cent. The stock also made a fresh 52-week high.

Ace investor Ashish Kacholia made a killing on Thursday, gaining over Rs 6.69 crore in profit on his 10,00,000 shares in Carysil, which soared by Rs 66.95. The stock has also delivered multibagger returns of over 350 per cent in the past three years.

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The company reported robust Quarterly Results for Q2FY24, with revenue increasing 17.52 per cent YoY to Rs 163.60 crore. The operating profit and PAT grew 50.53 per cent and 15.61 per cent YoY to Rs 34.17 crore and Rs 15.61 crore, respectively. The company's performance was driven by strong volume growth, better procurement terms, cost control, and operational efficiencies. The balance sheet also strengthened with net worth rising and debt levels reducing.

Carysil Limited is engaged in the manufacturing of Composite Quartz Sinks. The company has its manufacturing plant located in Bhavnagar, Gujarat, India and has a total installed production capacity of 10,00,000 sinks per annum as of date, It is one of the largest manufacturers of Quartz Kitchen Sinks in ASIA. Overall, Carysil is doing well operationally and is well-positioned to capitalize on industry growth trends in the domestic and export markets.

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.