Mukul Agrawal and Ashish Kacholia’s multibagger stock to announce its earnings for the first time since listing; shares jump over 4 per cent

The stock has defied expectations, more than doubling in value since its listing and turning out to be a multibagger. 

In the midst of what may seem like a lackluster day in the Indian markets, where the Sensex and Nifty are treading waters lower by a mere 0.17 per cent, there's an exciting story unfolding beneath the surface. When you dig a little deeper and explore the sectoral indices, you'll discover a fascinating tale of resilience and growth.

Nifty Realty and Nifty PSU Bank are the stars of the show today, leading the charge with notable gains. Nifty Realty, in particular, has soared by an impressive 1.27 per cent. These sectors are defying the overall market trend and painting a vivid picture of their own success.

But the excitement doesn't stop there. The broader market indices, Nifty Mid-Cap and Small-Cap, are also riding high, with gains of 0.07 and 0.41 per cent, respectively. It's a clear indication that there's a sense of buoyancy in the air. As you look at the advance and decline ratio, you'll be delighted to find that it's decidedly in favor of advances. A staggering 1069 stocks are basking in the green, while 925 stocks are sulking in the red on the National Stock Exchange (NSE).

Yet, in the midst of this broader market euphoria, there's one Small and Medium-sized Enterprise (SME) stock that's stealing the limelight. It's been on a meteoric rise, surging by more than 4 per cent ahead of its much-anticipated earnings report.

Ladies and gentlemen, let me introduce you to Vasa Denticity Ltd, a company that came into existence in 2016. Vasa Denticity is in the business of marketing and distributing a comprehensive portfolio of Dental Products. Their offerings include consumables, instruments, equipment, and accessories that play a pivotal role in diagnosing, treating, and preventing dental conditions. Their mission goes beyond mere dental care; they are dedicated to enhancing the aesthetics of the human smile through their innovative online portal "Dentalkart.com." To achieve this noble goal, they've harnessed the power of the internet through their website and mobile application, aptly named "Dentalkart."

What makes this SME stock even more captivating is its recent shareholding. Renowned investors, Ashish Kacholia and Mukul Mahavir Agrawal, have firmly placed their bets on Vasa Denticity, holding 3.80 and 2.56 per cent stakes, respectively. This stamp of approval from ace investors adds an extra layer of intrigue to the stock.

The plot thickens when you consider that this company, which was listed on the NSE SME just a few months ago on June 2, 2023, made a remarkable entrance. It burst onto the scene at Rs 211 per share, a substantial leap from its issue price of Rs 128. The stock has defied expectations, more than doubling in value since its listing and turning out to be a multibagger. 

And now, for the grand finale, mark your calendars for November 3, 2023. On this momentous day, Vasa Denticity Ltd will unveil its earnings for the first time since its listing. The anticipation is palpable, and the stock market is on the edge of its seat. With all these elements coming together, Vasa Denticity is undoubtedly a stock to keep a keen eye on. Who knows what further surprises and successes this remarkable SME stock has in store for invest. 

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