Vijay Kedia gains Rs 2,34,85,000 from this multibagger auto stock in just 1 day; Do you have it?
The stock gave multibagger returns of 125 per cent in just 6 months, 174 per cent in 1 year and a whopping 780 per cent in 3 years.
Indian stock markets closed higher on October 10, 2023, with the BSE Sensex index gaining 0.87 per cent to close at 66,079.36 and the NSE Nifty-50 index rising 0.91 per cent to close at 19,689.85.
Along with the shares market in green, this multibagger auto stock is outperforming the market and trading higher. Before revealing the name of the stock, let's see how an ace investor gained this huge amount in just 1 day.
An ace investor, Vijay Kedia owns 11,00,000 shares of this company as of September 2023. On Tuesday, one of the Top Gainers, shares of the company were trading at Rs 284.40 per share, up 21.35 points or 8.12 per cent. The shares of the company saw a spurt in volume by more than 2.66 times.
Hence, 11,00,000 x Rs 21.35 per share = Rs 2,34,85,000 in just 1 day.
About the company & financials:
Incorporated in 1992, the company is a leading manufacturer and supplier of camshafts in India and globally. It supplies more than 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications.
The company is a Small-Cap with a market cap of over Rs 2,700 crore and a 3-year stock price CAGR of 101 per cent. The company reported positive numbers in its quarter results & annual results and has been maintaining a healthy dividend payout of 153 per cent.
Promoters hold the largest stake in the company, with 65.37 per cent of the shares. DIIs own 0.13 per cent, FIIs own 0.11 per cent, and the public holds the remaining 34.39 per cent shares. The stock gave multibagger returns of 125 per cent in just 6 months, 174 per cent in 1 year and a whopping 780 per cent in 3 years.
The stock name that is creating the excitement is PRECISION CAMSHAFTS LTD.
Do you own Precision Camshafts Ltd.’s stock in your portfolio? Do let us know in the comment section
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Disclaimer: The article is for informational purposes only and not investment advice.