Mukul Agrawal gains Rs 5,34,75,000 in a day as his small-cap multibagger stock hits a 52-week high; with the management aiming to double their revenue
It struck a harmonious note by reaching a 52-week high of Rs 274.70
Friday was a spectacular day for the Indian benchmark indices, as they danced with delight, propelling the Nifty and Sensex to soar by over 1 per cent. But the true star of the show was the Bank Nifty, which had recently played second fiddle to the Nifty 50 index, only to emerge as the undisputed champion on Friday, surging by a remarkable 1.19 per cent.
What made this rally even more fascinating was its broad-based nature. All sectors closed the day with a vibrant shade of green, and even more intriguingly, the broader indices left the frontline gauges in the dust. Particularly impressive was the performance of the Small-Cap index, which outshone them all.
Amid this flurry of activity, one stock stood out like a beacon of success: Indo Count Industries Ltd. This company is deeply entrenched in the home textiles and bedding industry, proudly holding the title of the largest exporter of bed linen, boasting a staggering capacity of 153 million meters.
On Friday, the stock took an audacious leap, skyrocketing by a remarkable 10 per cent, and to top it off, it struck a harmonious note by reaching a 52-week high of Rs 274.70. When the closing bell finally rang, it had gracefully settled at Rs 263.80, leaving investors in awe with a dazzling gain of Rs 23.05 per share.
But here's where the story takes an even more captivating twist. Mukul Mahavir Agrawal, a well-known small-cap investor, has a considerable stake in this company. To be precise, he holds 1.17 percent of Indo Count Industries Ltd., which translates into a substantial 2,325,000 shares of this sparkling stock.
Now, let's do the math and you'll find the astonishing result: the stock's gain of Rs 23 per share, multiplied by the number of shares held by Mukul Agrawal, amounts to an eye-popping figure of Rs 5,34,75,000. Yes, you read that correctly - Mukul Agrawal earned a staggering amount in just a single day, proving once again that the stock market can be a playground for those who dare to dream big.
But the tale doesn't end here. The company's management, fueled by ambitious aspirations, has set its sights on doubling its revenues in the next 3 to 4 years. When we shift our focus to the stock's overall performance, it becomes abundantly clear that this stock has blossomed into a true multibagger. In the last year alone, it has gleefully delivered gains of more than 100 percent, turning investors' dreams into lucrative reality.
Disclaimer: The article is for informational purposes only and not investment advice.
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