Ashish Kacholia sold 3,88,000 shares and DII bought 2,79,436 shares & Promoter bought 3,990 shares of this multibagger stock; do you own it?

The stock is up by 40 per cent from its 52-week low of Rs 1,022.45 per share and gave multibagger returns of over 300 per cent in 5 years.

Ador Welding Ltd is a prominent Indian company in the welding industry. They are a one-stop shop for welding needs, offering a wide range of products, technologies, and services. Their core business lies in manufacturing welding consumables, which include over 200 varieties of electrodes, fluxes, and wires. They also supply welding and cutting equipment, automation systems, personal protective gear, and accessories. Additionally, Ador Welding provides customized solutions for projects and contracts in sectors like refineries, oil and gas, and petrochemicals.

Ador Welding boasts a strong domestic presence, with 94 per cent of its sales coming from within India. They have a well-established distribution network with more than 300 distributors selling their products across 70 countries. Their client base spans various industries, including refineries, power plants, and chemical complexes. Some of their notable domestic clients include Tata, Reliance Industries, and L&T Shipbuilding. The company operates four manufacturing facilities strategically located across India to cater to this extensive demand.

An ace investor, Ashish Kacholia sold 3,88,000 shares, DII-Quant Mutual Fund bought 2,79,436 shares and Promoter bought 3,990 shares in the current month in bulk deal.

Also Read: Vijay Kedia bought 24,00,000 shares & DII bought 16,88,963 shares and Promoter sold 5,83,227 shares of this multibagger civil construction stock; hit upper circuit & 52-week high

Today, shares of Ador Welding Ltd gained 0.40 per cent to Rs 1,425.65 per share with an intraday high of Rs 1,455.25 and an intraday low of Rs 1,414.10 from its previous closing of Rs 1,419.95. The stock’s 52-week high is Rs 1,770 and its 52-week low is Rs 1,022.45.

The company has a market cap of Rs 1,938 crore; delivered good profit growth of 21.4 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 39.2 per cent. The shares of the company have an ROE of 20 per cent and an ROCE of 24 per cent. In its Quarterly Results (Q4FY24) and annual results (FY24), the company reported positive numbers. The stock is up by 40 per cent from its 52-week low of Rs 1,022.45 per share and gave multibagger returns of over 300 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.