This Ashish Kacholia stock made a new 52- week high on August 16!

With a market capitalisation of Rs 1,015 crore, this small-cap company has caught the eye of Ace investor Ashish Kacholia.  

The company, which exports to over 50 leading stores worldwide and gets 90 per cent of its income from the global market, is Faze Three Limited. With a market capitalisation of Rs 1,015 crore, this Small-Cap company has caught the eye of Ace investor Ashish Kacholia.  

As per the shareholding pattern of Faze Three for April to June 2022 quarter, Ashish Kacholia holds 12,25,851 shares or a 5.04 per cent stake in the company and raised his stake by buying additional stock to the tune of 0.38 per cent of the total paid-up capital of the company for the same quarter.  

The shares of this micro-cap company made a fresh 52-week high at Rs 417 on BSE today by hitting the 5 per cent upper circuit thrice in a week’s period.  

For Q1FY23, the company posted a 60 per cent gain in its net profit at Rs 14.59 crore compared to the net profit of Rs 9.23 crore for the same quarter last year.  

The net sales have also improved, which stand at Rs 147 crore for Q1FY23 compared to the net sales of Rs 97 crore recorded in Q1FY22, up by 50.46  per cent. The same goes for its operating profit.    

The scrip has soared 897.6 per cent in a span of just two years and delivered outstanding returns of 31.15 per cent in just one month!  

Founded in 1982, the company specialises in producing and exporting finished household textiles such as bathmats, rugs, blankets, throws, pillows, etc. In the home textiles market, the company has diversified its product mix across various categories and is a direct exporter to leading retail store chains in the United States, United Kingdom, and Europe. Meanwhile, Walmart, Costco, Argos, Marks & Spencer, Zara Home, Calvin Kline, Target, etc. are some of the major clients of the company.