Ashish Kacholia Earns Rs 1,92,74,640 from This VFX Stock in a Single Day – Hits Upper Circuit, Gains Over 105 Per cent in Just 3 Months!
The company’s shares have delivered an impressive multibagger returns of over 100 per cent in just 1 year.
Ace investor Ashish Kacholia earned around Rs 1,92,74,640 as one of his portfolio stocks rallied and hit the upper circuit today. Currently, he holds around 6,46,800 shares of this Small-Cap company.
Incorporated in 2016, Basilic Fly Studio Ltd operates in the post-production sector, focusing on high-end visual effects (VFX) and 2D and 3D conversion services. Headquartered in Chennai, BFS also maintains subsidiaries in Canada and the UK. The studio specializes in leveraging advanced technology to provide VFX solutions for a diverse range of media including movies, TV shows, web series, and commercials. With a portfolio boasting approximately 10,000 completed projects, BFS serves over 300 clients, encompassing 900 movies, 2,000 series, and 8,000 commercials, among others.
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At the start of the day's trading session, the share of Basilic Fly Studio Ltd opened at Rs 626.30 per share, compared to the previous day's closing figure of Rs 596.50 per share on the NSE. The stock has attracted a heavy volume today, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 1455.52 crore, and the stock has generated an impressive multibagger return of over 105 per cent in just 1 year.
As per the Quarterly Results, in the first quarter of FY25, Basilic Fly Studio Ltd recorded a revenue of Rs 51 crore. The operating profit stood at Rs 25 crore. The net profit was Rs 17 crore. Looking at the annual performance, the company generated a revenue of Rs 100 crore in FY24, compared to Rs 70 crore in FY23. The operating profit for FY24 was Rs 49 crore, with a net profit of Rs 36 crore compared to a profit of Rs 26 crore representing a gain of 38.46 per cent YoY.
Regarding the shareholding pattern, the promoters own 59.90 per cent of the company and the public or retail investors hold 38.84 per cent. Ashish Kacholia owns a 2.78 per cent stake in the company.
Investors should keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.