Mukul Agrawal Gains Over 13 Crore in Just 1 Hour of Today’s Trading Session; Do You Own This Stock in Your Portfolio?

The company’s shares have delivered an impressive multibagger returns of over 35 per cent in just 1 month.

Kingfa Science & Technology (India) Limited, a subsidiary of Kingfa Science & Technology Co. Ltd China, specializes in producing and supplying premium modified plastic compounds used in automotive parts, consumer products, and personal protective equipment such as masks and gloves.

At the start of the day's trading session, the share of Kingfa Science & Technology (India) Limited opened at Rs 2181.35 per share, compared to the previous day's closing figure of Rs 2170.45 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 3154.17 crore, and the stock has generated an impressive return of over 184 per cent in just 2 years.

Ace investor Mukul Agarwal owns a 2.48 per cent stake, equivalent to 3,00,000 shares in the company since March 2022. With today's surge in stock price, he has made a profit of approximately Rs 13,02,15,000 or Rs 13.02 crore. 

As per the Quarterly Results, in the fourth quarter of FY24, Kingfa Science & Technology (India) Limited recorded a revenue of Rs 404 crore. The operating profit for Q4 FY24 stood at Rs 51 crore. The net profit for Q4 FY24 was Rs 34 crore. Looking at the annual performance, the company generated a revenue of Rs 1488 crore in FY24, compared to Rs 1404 crore in FY23. The operating profit for FY24 was Rs 185 crore, with a net profit of Rs 123 crore compared to a profit of Rs 81 crore.

Regarding the shareholding pattern, the promoters own 74.99 per cent of the company and the public or retail investors hold 18.67 per cent.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.