Mukul Agrawal Gains Rs 11,37,00,000 as This Small-Cap Stock Rallies Over 10 per cent Today; FIIs and DIIs Both Increase Stake!

The company’s shares have delivered an impressive multibagger return of over 200 per cent in just 2 years.

CEAT, established in 1958, is one of the largest tyre manufacturers and one of the fastest-growing tyre companies in India. CEAT became a part of the RPG Group in 1982. It is ranked among the Top 25 best workplaces in Manufacturing by GPTW for 2022. Today the company saw a significant spike in both the share price and volumes in today.

At the start of the day's trading session, the share of CEAT opened at Rs 2621.25 per share, compared to the previous day's closing figure of Rs 2596 per share on the BSE. Finally, the shares closed at Rs 2823.40 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market. The current market capitalization of CEAT stands at Rs 11420.68 crore, and the stock has generated an impressive multibagger return of around 201 per cent in just 2 years.

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, CEAT recorded a revenue of Rs 2992 crore. The operating profit for Q4 FY24 stood at Rs 392 crore. The net profit for Q4 FY24 was Rs 102 crore. Looking at the annual performance, the company generated a revenue of Rs 11943 crore in FY24, compared to Rs 11315 crore in FY23. The operating profit for FY24 was Rs 1652 crore, with a net profit of Rs 635 crore.

Regarding the shareholding pattern, the promoters own 47.21 per cent of the company and the public or retail investors hold 16.73 per cent. FIIs and DIIs hold 20.16 per cent and 15.91 per cent respectively.

Ace investor Mukul Agrawal owns a 1.24 per cent stake, equivalent to 5,00,000 shares of the company, and the share price has rallied to around Rs 227.40 per share, resulting in a gain in his portfolio value of approximately Rs 11,37,00,000 in just one day.

Investors must keep this Small-Cap stock on their radar.

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