Ashish Kacholia bought 1,60,093 shares or 1.44 per cent stake of this high ROE & high ROCE multibagger stock!
The stock gave multibagger returns of 245 per cent in just a year whereas BSE Sensex Index is up by 24.09 per cent.
Indian stock markets ended the trading sessions in green on Friday (April 04, 2024), with the BSE Sensex Index was up 0.03 per cent to 74,248.22 while the NSE Nifty-50 Index remained flat at 22,513.70. About 1,607 shares have advanced, 1,016 have declined and 109 were unchanged on NSE.
Along with the market in green, shares of this multibagger stock were in the green. This stock name is Brand Concepts Ltd. The company specialises in the manufacturing of bags, backpacks and fashion accessories for the Indian and international markets.
An ace investor, Ashish Kacholia bought 160,093 shares or 1.44 per cent stake in this company at with holing value of Rs 11.9 crore
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Talking about the financials, the company has a market cap of Rs 833 crore with a 3-year stock price CAGR of 193 per cent. According to the Quarterly Results, the net sales increased by 44.42 per cent to Rs 65.51 crore and net profit increased by 5.88 per cent to Rs 3.06 crore in Q3FY24 compared to Q3FY23. As of December 2023, promoters own a 48.81 per cent stake in the company, Domestic Institutional Investors (DIIs) own 2.48 per cent stake and the rest of the stake is owned by the general public i.e., 48.71 per cent.
The shares of the company have an ROE of 42.7 per cent and an ROCE of 32 per cent. The stock gave multibagger returns of 245 per cent in just a year whereas BSE Sensex Index is up by 24.09 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.