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750 per cent returns: Multibagger micro-cap stock hits back-to-back lower circuits as Ashish Kacholia books profit!
Kiran Shroff

750 per cent returns: Multibagger micro-cap stock hits back-to-back lower circuits as Ashish Kacholia books profit!

Ashish Kacholia, a prominent investor, hold a 1.10 per cent stake in this company, which translates to total ownership of 1,12,968 equity shares in the company.

Ashish Kacholia, an ace investor renowned for his prowess in identifying promising companies at their early stages, particularly in the micro-cap and Small-Cap sectors, made a notable investment in a company named Megastar Foods Ltd. His strategic move proved to be highly profitable, with the stock delivering impressive returns that have left many in awe.

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?

After rising nearly 750 per cent over the period of 24 months, shares of Megastar Foods Ltd are undergoing a correction and have hit the lower circuit for the second straight day. Today, shares of Megastar Foods Ltd plunged 2 per cent to Rs 311.20 per share from its previous closing of Rs 317.55. The 52-week high of the stock is Rs 344.90 and the 52-week low of Rs 165.

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Megastar Foods Limited is a food processing company based in India. The company was founded in 1964 and is headquartered in Chandigarh. Megastar Foods is a leading producer and supplier of wheat flour, organic wheat flour, and allied products in India. The company's products are sold to a wide range of customers, including food manufacturers, bakeries, and retailers.

Megastar Foods has a state-of-the-art wheat processing plant in Punjab, India. The plant is equipped with the latest technology to ensure that the company's products are of the highest quality. Megastar Foods is also certified by BRC, Ecocert India, and HALAL India.

Megastar Foods has a market cap of Rs 311.32 crore. The stock exhibited remarkable performance, delivering a substantial 34 per cent return over a span of 6 months. It surged even higher, achieving an impressive 72 per cent growth within just one year. Astonishingly, over a period of 2 years, the stock generated multibagger returns, soaring by over 750 per cent.

 Investors should be aware of this stock.

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

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