Ashish Kacholia Gains Rs 10,95,79,050 From This Multibagger Stock In Just 1 Day: Forging Company’s Stock Jumps 4.82 Per Cent Today
The stock gave multibagger returns of 205 per cent in just 1 year and a whopping 1,770 per cent in 5 years.
On Wednesday, shares of Balu Forge Industries Ltd (BFIL) jumped 4.82 per cent to Rs 624.75 per share from their previous closing of Rs 624.75 per share. The stock gave multibagger returns of over 200 per cent from its 52-week low is Rs 209.75 per share.
Balu Forge Industries Ltd (BFIL) is a leading manufacturer of forged components established in 1989. The company specializes in both fully finished and semi-finished products, catering to diverse industries including automotive, defence, oil & gas, railways, and marine. BFIL possesses a robust production infrastructure with a wide product range, capable of manufacturing components from 1 kg to 1,000 kg. With a strong global presence through 80+ distribution networks, the company serves both domestic and international markets. Notably, BFIL's manufacturing capabilities align with the evolving automotive landscape, encompassing both New Emission Regulations and the requirements of New Energy Vehicles.
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According to Quarterly Results, the net sales increased by 60.1 per cent to Rs 222.88 crore and net profit skyrocketed by 106.9 per cent to Rs 48.14 crore in Q2FY25 compared to Q2FY24. Looking at its half-yearly results, the net sales increased by 58.3 per cent to Rs 398.2 crore and net profit skyrocketed by 105.6 per cent to Rs 82.28 crore in H1FY25 compared to H1FY24. In its annual results, the net sales increased by 14.2 per cent to Rs 326.64 crore and net profit increased by 30.4 per cent to Rs 38.91 crore in FY24 compared to FY23.
According to the shareholding pattern, Ashish Kacholia owns 18,90,500 shares or a 1.73 per cent stake in the company and his investment firm Bengal Finance & Investment Pvt Ltd owns 17,50,000 shares or 1.60 per cent stake in the company as of December 2024. Therefore, in just 1 day, Ashish Kacholia in total gains Rs 19,95,62,375 in just 1 day [(19,90,500 shares + 19,03,400 shares) x Rs 30.10 per share gain today].
The company has a market capitalization of over Rs 7,000 crore and the shares of the company have an ROE of 25 per cent & an ROCE of 30 per cent. The stock gave multibagger returns of 205 per cent in just 1 year and a whopping 1,770 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.