3,600 per cent returns: Heavy buying witnessed in Ashish Kacholia’s portfolio multibagger forging stock; Scrip hit 52-week high!
The stock gave multibagger returns of 115 per cent in just 1 year and a whopping 3,600 per cent in a decade.
Today, shares of Balu Forge Industries Ltd (BFIL) gained 6.66 per cent to an intraday high of Rs 328 per share from its previous closing of Rs 307.50 per share. The stock also made a fresh new 52-week high of Rs 328 per share with a spurt in volume by more than 2.10 times on BSE. The stock gave multibagger returns of 128 per cent from its 52-week low is Rs 144.05 per share.
Balu Forge Industries Ltd. is a manufacturer of precision-engineered forged components, including fully-finished and semi-finished crankshafts. Their products cater to a wide range of industries like automobiles, defence, railways, and even the new energy sector. The company not only adheres to the latest emission regulations and can produce components for new energy vehicles, but they are also actively researching new materials like lightweight alloys and advanced composites. BFIL is a prominent player in the specialized engineering and precision machined components industry servicing a marquee global clientele spread across various industries such as aerospace, automotive, oil and gas, railways and defence.
Earlier, the company announced its significant expansion plans to become a key player in the high-end global value-added critical forging and engineering sector. Included in this development are three modern forging lines which will process collectively 72,000 tons each year. These new lines will fit seamlessly into BFIL’s upcoming manufacturing campus at Belagavi in Karnataka thus providing an all-in-one solution for hi-tech machining needs for vital sectors. Through this expansion, BFIL not only enhances its production capabilities but also reinforces its R&D capacities towards alloy blending and metal combinations. This improved ability enables BFIL to produce products incorporating various alloys ranging from aluminium to titanium and catering to major growth industries for critical engineering products. Furthermore, it strengthens its position as an OEM supplier within North America, Europe, Asia as well as Middle East market segments.
Also Read: Multibagger penny stock at Rs 58.47 hit upper circuit on June 19 post company announced QIP & bagged an order worth Rs 3,04,95,150 from Northern Railway
According to Quarterly Results, the net sales increased by 64.5 per cent to Rs 147.08 crore and net profit skyrocketed by 122.3 per cent to Rs 25.45 crore in Q4FY24 compared to Q4FY23. In its annual results, the net sales increased by 14.2 per cent to Rs 326.64 crore and net profit increased by 30.4 per cent to Rs 38.91 crore in FY24 compared to FY23.
According to the shareholding pattern, Ashish Kacholia owns 21,90,500 shares or 2.14 per cent stake in the company as of April 2024. The company has a market capitalization of over Rs 3,300 crore and the shares of the company have an ROE of 22 per cent & an ROCE of 27 per cent. The stock gave multibagger returns of 115 per cent in just 1 year and a whopping 3,600 per cent in a decade. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Tiny Treasure' service recommends researched small-cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Related articles
-
Ashish Kacholia’s portfolio stock hit upper circuit & 52-week high as the company strengthens its portfolio with acquisitions of Starmangalsutra and Sparkling Chains
-
2,800 per cent returns: Ashish Kacholia gains Rs 4,28,24,275 from this multibagger forging stock in just 1 day; Announces massive strategic expansion!
-
Ashish Kacholia bought 2,88,185 shares of this high ROE & high ROCE multibagger stock with Rs 172.83 crore order book; PAT zooms over 100 per cent!
-
4,200 per cent returns and Ashish Kacholia & FIIs increase stake: Multibagger forging company announces stellar FY24 results; PAT zooms over 100 per cent!
-
FIIs bought 35,66,839 shares & Ashish Kacholia bought 25,000 shares of this multibagger forging stock: From Rs 92.55 to Rs 292 per share in just 1 year!
-
Ashish Kacholia gains Rs 33,02,38,750 from this multibagger forging stock in just 6 months; scrip hit 52-week high!
-
Ashish Kacholia gains Rs 7,83,08,067 from this multibagger stock in just 1 day: Board likely to raise funds via rights issue; scrip hit 52-week high!
-
Ashish Kacholia gains Rs 17,84,50,000 in just 1 day from this multibagger stock with 7,250 per cent returns after bonus issue of shares; do you own it?
-
Ashish Kacholia gains Rs 8,32,69,413 from this multibagger textile stock in just 1 day; do you own it?
-
Ashish Kacholia bought 17,54,385 shares and Stock Vertex Ventures bought 2,50,000 shares of this multibagger engineering company; stock hits back-to-back upper circuits!
-
Ashish Kacholia’s portfolio multibagger stock & Rs 1,42,593.92 lakh order book: This civil construction company to raise Rs 125 crore via QIP!
-
Ashish Kacholia gained Rs 22,89,68,546 from this multibagger small-cap stock in just 1 day; announces Rs 600 crore capex plan and 4,25,000 MTPA capacity by FY 2026!
-
Ashish Kacholia gains Rs 4,94,40,000 from this multibagger penny stock in just 1 day; Do you have it?
-
Ashish Kacholia's Portfolio multibagger Stock: This small-cap company receives marketing approval from 4 countries for its oncology product!
-
Ashish Kacholia's Secret Small-Cap Pharma Stock Gets Green Light for European Export
-
Ace Investor Ashish Kacholia picks up stake in this company. Do you own it?
-
Ashish Kacholia's portfolio multibagger IT stock in green as the company inks partnership with NNG for auto and mobility solutions!
-
1:1 Bonus Share & 10:1 Stock Split: Ashish Kacholia bought 9,10,000 shares of this multibagger civil construction company; Scrip hit upper circuit
-
3:1 Bonus Share: Multibagger penny stock at Rs 70 jumped over 17 per cent on June 28 with heavy volume
-
Ashish Kacholia's portfolio high ROE & high ROCE multibagger chemicals stock; the Board allocates 28,15,049 shares to FIIs & non-promoter; details inside!