If you think the demand for glass crockery will grow, this is the stock you dont want to miss

Ashish Kacholia holds 15,79,933 equity shares of this company

On September 12, the shares of La Opala RG Ltd soared more than 3 per cent. After trading at Rs 339.35 in the morning deals it closed at Rs 351.5. The scrip made an intraday high and low of Rs 360.6 and Rs 339.35, respectively. 

La Opala RG Ltd is engaged in the business of manufacturing and marketing crystal and opal glass which are primarily used as tableware. It is involved in the business of manufacturing and marketing opal and crystal glass which are generally used as tableware. It is India’s largest opalware manufacturer. Opalware is tableware made of heat, break, fracture, and chip-resistant opal glass. 

The company's two manufacturing plants, which are in Sitarganj and Madhupur, have a combined capacity of 36,000 MTPA. It has a pan-India network of 20,000 shops and 200 distributors. The company operates in more than 30 different countries. 

The business reported net sales of Rs 323 crore for FY22, generating a net profit of Rs 87 crore. The revenue for Q1FY23 was Rs 82 crore, while the Q1FY23 net profit stood at Rs 20 crore. 

Ashish Kacholia, a renowned investor, has ownership of this company. He owns 15,79,933 equity shares, representing a 1.4 per cent ownership stake in the company, valued at Rs 56 crore as of September 12. 

The company has a market capitalisation of Rs 3971 crore and is a part of S&P BSE group "A." The stock is currently trading at a 38.34x TTM PE. 

The scrip has a 52-week high and low of Rs 487 and Rs 240, respectively.