This stationary maker stock locked in the upper circuit again; FIIs increasing its stake in this multibagger

FII’s have seen increasing their stake in this stock from several quarters where in last quarter of FY23 it was at 0.18 per cent and now in the second quarter of FY24 it is at 0.57 per cent.

Shares of Kokuyo Camlin Ltd were locked in 5 per cent upper circuit on Friday. Only buyers were seen in the trading session and pushed the stock price to lock in the upper circuit at Rs 161, where the stock achieved in 1st 15 minutes only. Currently, the stock price is locked at Rs 161. The stock touched its upper circuit for 2nd consecutive day whereas on Thursday also it was locked in the upper circuit.

The revenue from operations for Q2 FY24 rose to Rs 194.35 crores from Rs 189.43 crores, with a flat growth of 2.6 per cent on a YoY basis, while net profit saw notable gains of 146.21 per cent. Recently, Crisil retained its A long-term rating and A1 short-term rating on stationery maker Kokuyo Camlin's bank loan facilities. FII has increased its stake in this stock in the last few quarters, in the last quarter of FY23 it was at 0.18 per cent and now in the second quarter of FY24 it is at 0.57 per cent.

Shares of Kokuyo Camlin have delivered impressive returns across all-time horizons. Over the past three months, the stock has returned 9.2 per cent. Year-to-date, the stock has returned 88.68 per cent. Over the past three years, the stock has returned a staggering 155.93 per cent. The stock has given multibagger returns of 871.90 per cent over its life period.

Kokuyo Camlin Ltd. engages in the manufacture and market of stationery and education related products. Its stationery product portfolio includes art materials, artist colors, and marker pens, writing instruments, wooden pencils, ink, mathematical instrument sets, hi polymer leads, and drawing instruments.

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

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