Vijay Kedia's, Madhuri Kela’s and Ashish Kacholia's portfolio multibagger stock hit 52-week high as Morgan Stanley buys shares worth Rs 13,19,22,400!
The stock gave multibagger returns of 130 per cent in just 6 whereas BSE Small-cap Index is up by 29.50 per cent.
Today, the benchmark indices ended the day flat with BSE Sensex Index up by 0.01 per cent at 65,220 and NSE Nifty-50 Index up 0.01 per cent at 19,369.
This Small-Cap stock is the talk of the town recently as “MORGAN STANLEY ASIA (SINGAPORE) PTE.” brought 1,64,903 shares at an average price of Rs 800 aggregating to Rs 13,19,22,400 or approx. Rs 13.19 crore. In addition, 3 ace investors, Vijay Kedia, Ashish Kacholia, and Madhuri Kele, already have a significant share in the company. Vijay Kedia has a 6.84 per cent stake, Madhuri Madhusudan Kela has a 3.59 per cent stake, and Ashish Kacholio has a 3.48 per cent stake.
Today, shares of the company surged 2.3 per cent to make a new 52-week high of Rs 890 per share from its previous closing of Rs 870 per share. At the closing bell, shares of the company ended the trading session in the red, down 4.25 per cent to Rs 833 per share.
The stock that is the talk of the town and that you are eager to know more about is Repro India Ltd.
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Repro India Ltd. is engaged in providing print solutions which include value engineering, creative designing, pre-press, printing, knitting and assembly and other services across the printing value chain.
According to the financials, Repro has a market cap of over Rs 1,100 crore with a 3-year stock price CAGR of 31 per cent. In its Quarterly Results, the net sales increased by 13.34 per cent to Rs 119.53 crore, the operating profit increased by 46.70 per cent to Rs 12.93 crore and the net profit skyrocketed by 1,688.20 per cent to Rs 3.04 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 47 per cent to Rs 422 crore, the operating profit increased by 238 per cent to Rs 44 crore and the net profit skyrocketed by 139 per cent to Rs 9 crore compared to FY22.
The stock gave multibagger returns of 130 per cent in just 6 whereas BSE Small-cap Index is up by 29.50 per cent. Investors should keep an eye on this stock closely.
Disclaimer: The article is for informational purposes only and not investment advice.