2,500 per cent returns and FIIs increase stake: Ashish Kacholia gains Rs 24,47,03,175 in this small-cap multibagger stock in just one day!
Shares of the company gained more than 40 per cent in the last six months.
Shares of Gravita India Limited gained about 11.98 per cent on Friday. The stock witnessed heavy buying activity from investors on Friday. Ace investor Ashish Kacholia holds a 2.15 per cent stake in the company. Additionally, FIIs have increased their stake in the company in March 2024. In the last six months, the stock has gained more than 40 per cent.
Ashish Kacholia, an ace investor, made a killing on Friday. His 14,84,399 shares in Gravita, each of which increased by Rs 164.85, netted him a profit of Rs 24.47 crore in a single day. Additionally, the stock has delivered multibagger returns of over 150 per cent in the past year and over 2,500 per cent in last five years.
The company posted robust Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 863.41 crore which increased by 15.29 per cent YoY. The company's operating profit stood at Rs 97.05 crore, while the PAT of the company stood at Rs 69.42 crore, which increased by 8.49 per cent on a YoY basis.
Gravita India Limited is one of the largest lead producers in India. The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects. The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Heavy buying: Back-to-back upper circuit in this multibagger solar power stock; bags new order for solar power plant worth Rs 4.12 crore!
-
Ashish Kaholia’s Portfolio Engineering Company Stock Hits Upper Circuit; Gains Over 190 per cent in Just 1 Year – Do You Own This Stock?
-
Heavy Buying Stock Hits Upper Circuit After Ashish Kacholia Bought 1,07,500 Shares of This Small Cap Company; Do You Own It?
-
Ashish Kacholia Bought 1,07,500 Shares of This Specialty Chemical Company: Keep This Stock on Your Radar
-
Rs 8,200 crore order book and 600 per cent returns: Vijay Kedia gains Rs 11,63,20,000 in this multibagger stock in just one day; hits fresh 52-week high!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 5,600 per cent!
-
Rs 1,747 crore order book and 1,800 per cent multibagger returns: This telecom infrastructure stock bags new order worth Rs 14,64,85,436!
-
Heavy buying and FIIs increase stake: Back-to-back upper circuit in this multibagger stock; gains over 250 per cent in a year!
-
Back-to-Back Upper Circuit: Ashish Kacholia Bought 8,00,000 Shares, Company Announces First Quarterly Results Post Listing - Complete Details Inside
-
Heavy Buying, Back-to-Back Upper Circuit Stock; Ashish Kacholia Bought 27.5 per cent Stake in the Company!
-
Heavy buying and Rs 2,235 crore order book: Back-to-back upper circuit in this multibagger stock; Vijay Kedia owns 2.49 per cent stake!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; hits fresh 52-week high!
-
Heavy buying and Ashish Kacholia portfolio stock: Back-to-back upper circuit in this multibagger stock; reports a 120 per cent jump in net profit!
-
Heavy buying: Back-to-back upper circuit in this multibagger defence stock; gains over 400 per cent!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; reports 187 per cent jump in PAT!
-
Heavy buying: Back-to-back upper circuit in this multibagger railway stock; gains over 110 per cent!
-
Why you should keep this Ashish Kacholia's portfolio stock on the watchlist!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 550 per cent!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 100 per cent!
-
Ashish Kacholia Bought 27.5 per cent stake in this Electronics System Manufacturer for Defence Industry: Heavy Buying, Hits Upper Circuit Today!