Porinju Veliyath takes a fresh entry in these micro-cap multibagger stocks; do you hold any?
Today, about 1,644 shares have advanced, 1,846 have declined and 152 were unchanged on BSE.
On Wednesday, the Indian indices were trading lower with BSE Sensex Index down 0.21 per cent and NSE Nifty-50 Index down 0.20 per cent. The BSE Mid-Cap Index and BSE Small-Cap Index were flat, down by 0.06 per cent and 0.04 per cent, respectively. Today, about 1,644 shares have advanced, 1,846 have declined and 152 were unchanged on BSE.
An ace investor, Porinju Veliyath takes a fresh entry in 3 micro-cap multibagger stocks. Here are the details:
Arrow Greentech Ltd (BSE Scrip Code - 516064): The company manufactures plastic products. The company offers polyester, medicated, flavoured, edible, and multi-layered films. He bought 1,59,332 shares or a 1.06 per cent stake in the company in the September quarter (Q2FY24).
Recently, Arrow Greentech Limited acquired an industrial plot from GIDC at Dahej-II Industrial Estate in Gujarat for the expansion of its manufacturing activities in the Greentech Segment. The company expects to complete the first phase of expansion within 18 months. This will be the company's second manufacturing unit in Gujarat.
The company has a market cap of Rs 580 crore and it is almost debt-free. Today, shares of the company gained 2.31 per cent to an intraday high of Rs 401 per share and gave multibagger returns of over 200 per cent in just 1 year.
Singer India Ltd (BSE Scrip Code - 505729): The company is engaged in the business of trading & manufacturing sewing machines and related accessories and trading of domestic appliances. The company has a market cap of Rs 660 crore and it is almost debt-free. He bought 6,25,000 shares or a 1.02 per cent stake in the company in the September quarter (Q2FY24). Today, shares of the company surged 2.97 per cent to an intraday high of Rs 118.77 per share and gave multibagger returns of over 300 per cent in 3 years. Rekha Jhunjhunwala, wife of Late. Rakesh Jhunjhunwala also owns a 6.25 per cent stake in the company.
P G Foils Ltd (BSE Scrip Code - 526747): The company manufactures aluminium foils and laminates. The company supplies customers in the pharmaceutical, food and beverages, communications, air conditioning, and health products industries. Equity Intelligence India Private Limited owned by Porinju Veliyath bought 1,19,766 shares or a 1.02 per cent stake in the company in the September quarter (Q2FY24). Today, shares of the company are up 1.61 per cent to an intraday high of Rs 227.75 per share and gave multibagger returns of over 200 per cent in 3 years.
Do you hold any of these micro-cap multibagger stocks in your portfolio?
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