Ashish Kacholia bought 6,09,000 shares & Mukul Agrawal bought 4,10,000 shares of this multibagger stock; Company reports a 100 per cent jump in net profit!
The stock gave multibagger returns of 132 per cent in just 6 months.
Indian stock markets started the trading session in red on Tuesday, with the BSE Sensex Index down 0.21 per cent to close at 64,819 and the NSE Nifty-50 Index down 0.19 at 19,375. About 1602 shares have advanced, 975 have declined and 125 were unchanged on BSE.
Along with the market in red, this multibagger stock bucked the trend as it announced stellar half-yearly results. Let us know about this stock:
The stock we will be discussing today is VASA DENTICITY LIMITED.
Two ace investors, Ashish Kacholia bought 6,09,000 shares or 3.8 per cent stake & Mukul Agrawal bought 4,10,000 shares or 2.6 per cent stake in the September quarter (Q2FY24).
According to the half-yearly results, the net sales increased by 34 per cent to Rs 76.82 crore, operating profit increased by 79 per cent to Rs 8.13 crore and net profit increased by 100 per cent to Rs 6.28 crore in H1FY24 compared to H1FY23. In its annual results, the net sales increased by 60.25 per cent to Rs 123.27 crore, operating profit increased by 87.4 per cent to Rs 10.88 crore and net profit increased by 52.09 per cent to Rs 7.60 crore in FY23 compared to FY22.
Vasa Denticity Limited markets and distributes dental products. The company offers dental consumables, instruments, equipment, and accessories, such as x-ray machines, autoclaves, forceps, mini screws, buccal tubes, haemostats, instrument kits, mouth gags, and other products for diagnosing, treating, and preventing dental conditions. Vasa Denticity serves customers worldwide.
The company has a market cap of Rs 800 crore and is almost debt free with current debt of Rs 0.46 crore. The shares of the company have an ROE of 70.5 per cent and an ROCE of 80.1 per cent.
Today, shares of the company were up 1.98 per cent to Rs 491.15 per share with an intraday high of Rs 514 and an intraday low of Rs 491.15. The stock’s 52-week high is Rs 574 and its 52-week low is Rs 237. The stock gave multibagger returns of 132 per cent in just 6 months.
Do you own Vasa Denticity Limited’s shares in your portfolio? Do let us know in the comments below
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.