2,500 per cent returns and FIIs increase stake: Ashish Kacholia gains Rs 24,47,03,175 in this small-cap multibagger stock in just one day!

Shares of the company gained more than 40 per cent in the last six months.

Shares of Gravita India Limited gained about 11.98 per cent on Friday. The stock witnessed heavy buying activity from investors on Friday. Ace investor Ashish Kacholia holds a 2.15 per cent stake in the company. Additionally, FIIs have increased their stake in the company in March 2024. In the last six months, the stock has gained more than 40 per cent.

Ashish Kacholia, an ace investor, made a killing on Friday. His 14,84,399 shares in Gravita, each of which increased by Rs 164.85, netted him a profit of Rs 24.47 crore in a single day. Additionally, the stock has delivered multibagger returns of over 150 per cent in the past year and over 2,500 per cent in last five years.

The company posted robust Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 863.41 crore which increased by 15.29 per cent YoY. The company's operating profit stood at Rs 97.05 crore, while the PAT of the company stood at Rs 69.42 crore, which increased by 8.49 per cent on a YoY basis.

Gravita India Limited is one of the largest lead producers in India. The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects. The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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