Heavy buying: Ashish Kacholia gains Rs 6,19,25,038 in this small-cap multibagger stock in just one day!
Shares of the company gained more than 30 per cent in the last six months.
Shares of Faze Three Limited gained over 10 per cent on Thursday. The stock has witnessed heavy buying activity from investors today. As ace investor Ashish Kacholia increased stake in the company. In the last six months, the stock has gained about 30 per cent.
Ashish Kacholia is a stock market whiz who just made a killing. He owns a whopping 13,17,554 shares in Faze Three Limited, and each share went up by Rs 47 today. That means he made a profit of Rs 6.19 crore in a single day. Moreover, the stock has delivered multibagger returns of over 600 per cent in the last three years. DIIs have increased their stake in the company to 0.36 per cent in September 2023.
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The company posted weak Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 129.43 crore which decreased by 11.95 per cent YoY. The company's operating profit stood at Rs 24.18 crore, while the PAT of the company stood at Rs 12.37 crore, which decreased by 15.22 per cent on a YoY basis.
Faze Three Limited, established in 1985, is primarily engaged in manufacturing and exports of end home textile products items like bathmats, rugs, blankets, throws, cushions, etc. The company has diversified its product mix across categories in the Home Textile segment and is also a direct exporter to top retail store chains in USA, UK and Europe.
Disclaimer: The article is for informational purposes only and not investment advice.
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