Heavy Buying Stock Hits Upper Circuit After Ashish Kacholia Bought 1,07,500 Shares of This Small Cap Company; Do You Own It?
The company’s shares have delivered an impressive return of over 90 per cent in just 1 year.
Ashish Kacholia, a renowned stock market investor known as the ‘Big Whale of Dalal Street’, via Bengal Finance and Investments Pvt Ltd purchased equity shares of one Small-Cap company on Thursday, according to a stock exchange filing.
Bengal Finance & Investment Private Limited (Ashish Kacholia) purchased 1,07,500 shares at an average price of Rs 1860 per share on Thursday.
On Friday Styrenix Performance Materials Ltd shares closed the day at Rs 2155.75 each. The current market capitalization stands at Rs 3744.32 crore, and the stock has generated an impressive return of around 93 per cent in just 1 year only.
As per the Quarterly Results, in the fourth quarter of FY24, Styrenix Performance Materials Ltd reported a revenue of Rs 599 crore, marking a 2.69 per cent year-on-year de-growth from Rs 615 crore in Q4 FY23. The operating profit for Q4 FY24 stood at Rs 72 crore, compared to Rs 66 crore in the same quarter of the previous fiscal year. The net profit for Q4 FY24 was Rs 49 crore, compared to Rs 42 crore. Looking at the annual performance, the company generated a revenue of Rs 2222 crore in FY24, compared to Rs 2372 crore in FY23. The operating profit for FY24 was Rs 264 crore, with a net profit of Rs 173 crore.
Incorporated in 1973, Styrenix Performance Materials Ltd manufactures, trades, and sells engineering thermoplastics.
Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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