The stock is up by 34 per cent from its 52-week low of Rs 220 per share and gave multibagger returns of over 1,000 per cent in 5 years.

Shares of the company gained more than 30 per cent in the last six months.

Shares of the company gained more than 50 per cent in the last one month.

Ashish Kacholia, a prominent investor, hold a 1.10 per cent stake in Megastar Foods, which translates to total ownership of 1,12,968 equity shares in the company. However, given Kacholia's recent decision to exit his position in the stock, it has left investors speculating about the company's future prospects. Could this be a signal that the stock has reached an overhyped valuation, and its merry run might be coming to an end?

According to the annual results, the net sales increased by 26.40 per cent to Rs 2,801 crore and net profit increased by 37.84 per cent to Rs 204 crore in FY23 over FY22. 

Shares of the company have gained more than 3 per cent in today’s trade.

According to the financials, Balu Forging has a market cap of Rs 1,257.56 crore with a 3-year CAGR of 58 per cent. The net sales increased by 50.42 per cent to Rs 123.78 crore and the net profit increased by 43.27 per cent to Rs 15.24 in Q4FY23 over Q4FY22. The net sales increased by 14.18 per cent and the net profit increased by 30.39 per cent in FY23 over FY22.

The net sales rose by 3 per cent and net profit skyrocketed 133 per cent in Q4FY23 over Q4FY22. In FY23, net sales rose by 11 per cent over FY22.   

Ashish Kacholia has raised his shareholding in Fineotex Chemical from 1.84 per cent to 1.93 per cent in Q1FY23. As per the company’s shareholding pattern for April to June 2022 quarter, the 'big whale' of the stock market holds 21,42,534 shares, or 1.93 per cent of the total paid-up capital of the chemical company. In January to March 2022 quarter, Ashish Kacholia was holding 20,42,534 shares or a 1.84 per cent stake in the company. So, the czar of small-cap stocks of the market raised his stake in the company by adding 0.09 per cent shares to the company.