After Ashish Kacholia picks a stake, this agrochemical company gained almost 17 per cent; do you own it?

This small-cap zoomed over 40 per cent in the last five trading sessions.

The shares of Best Agrolife soared 17 per cent on September 1 and touched the upper circuit, hitting the price of Rs 1,327.10 per share.   

This Small-Cap zoomed over 40 per cent in the last five trading sessions. The shares of Best Agrolife rallied after ace investor Ashish Kacholia picked 13.8 lakh shares of this small-cap company. The ace investor bought 29,91,99,840 into this multibagger agricultural stock. Ashish Kacholia is known for picking multi-bagger stocks in the Mid-Cap and small-cap space. He bought the stock of the pesticides & agrochemicals company at Rs 940.88 per share on Tuesday.  

One of the multi-bagger stocks that the Indian stock market has created recently is Best Agrolife. This agricultural stock has been rising during the post-COVID market recovery, which started in 2020. In the last five years, Best Agrolife share price has surged from around Rs 18 to Rs 1,106 apiece levels, delivering near 6,000 per cent returns to its shareholders. Ashish Kacholia, a renowned investor, may have been drawn to the stock due to its outstanding return. According to bulk transaction information made accessible on NSE, the Indian stock market's ‘Big Whale’ has acquired a position in this multi-bagger agriculture stock.  

This multi-bagger agro stock hit a 20 per cent upper circuit on August 30 after the news breakout of Ashish Kacholia buying a stake in Best Agrolife. Best Agrolife shares have risen around 29 per cent in the last one month. Meanwhile, it surged nearly 54 per cent in the last one year. However, the stock has delivered a stellar return on the post-COVID market rebound that began in 2020. In the last two and half years, Best Agrolife share price has surged from around Rs 190 to Rs 1,106 apiece levels, delivering around 500 per cent returns. However, the stock has long been providing outstanding returns to its investors.  

Best Agrolife now has a market capitalisation worth $2,618 billion and is traded on both BSE as well as NSE. On Thursday, it ended with a trading volume of 18,15,549, which is much higher than its 20-day average volume of 1,31,442. Its 52-week high on BSE is Rs 1,399.70 whereas its 52-week low is Rs 681.65 apiece.