950 per cent returns in this multibagger stock: Don’t miss action in this small-cap stock as FII buys stake post buyback!
The stock gave multibagger returns of 950 per cent in just 2 years whereas BSE Sensex Index is up by 20.83 per cent.
Singapore-based foreign institutional investor (FII) Nav Capital VCC-Nav Capital Emerging Star Fund has recently made a significant move by acquiring a stake in the Small-Cap company Axita Cotton Limited.
Axita Cotton Limited, an Indian-based manufacturer and exporter of raw cotton, had previously made headlines with its announcement of a share buyback. The recent bulk deals made by Nav Capital, involving the purchase of 1,000,000 shares at an average price of Rs. 27.18 per share, have added to the overall market excitement surrounding Axita Cotton Limited aggregated to approx. Rs 2.72 crore.
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On Friday, shares of Axita Cotton Ltd plunged 2.89 per cent to Rs 27.22 per share with an intraday high of Rs 28.33 per share and an intraday low of Rs 27. The stock has a 52-week high of Rs 83 and a 52-week low of Rs 17.07.
Axita Cotton Limited is engaged in manufacturing, processing and finishing cotton bales and seeds.
According to the financial, the company reported positive numbers in its Quarterly Results and annual results. The stock has a ROE of 39 per cent and a ROCE of 49 per cent. The promoter’s holding is 70 per cent and the rest is owned by FIIs and the public as of March 2023.
The stock gave multibagger returns of 950 per cent in just 2 years whereas BSE Sensex Index is up by 20.83 per cent. Investors should keep an eye on this small-cap stock.