Ashish Kacholia earns multibagger gains of Rs 25,00,06,975 in this small-cap forging stock in just 3 months & FIIs increase stake; Do you own it?

The stock gave multibagger returns of 230 per cent in just 1 year whereas BSE Sensex Index is up by 11.85 per cent.

On Wednesday, the indices were trading in red with the BSE Sensex Index down by 0.85 per cent at 64,954. As of October 04, the market capitalisation of BSE-listed companies amounts to Rs 316 lakh crore.

Today, one of the gainers on BSE, shares of this multibagger forging company surged 1.25 per cent to make a new 52-week high of Rs 230.90 per share from its previous closing of Rs 228.05 per share.

Before we reveal the stock name, let's take a look at how the ace investor Ashish Kacholia made Rs 25,00,06,975 in just 3 months. Here are the details:

Ashish Kacholia, an ace investor bought 21,65,500 shares or a 2.16 per cent stake in this company via preferential issue of shares at an issue price of Rs 115.45 per share aggregating to Rs 25,00,06,975. From Rs 115.45 per share to Rs 230.45 per share, he made multibagger gains of 100 per cent or Rs 25,00,06,975 since they bought the stock in July 2023.

FIIs Update: Sixteenth Street Asian Gems Fund acquired 25 lakh equity shares of a face value of Rs 10 each through a preferential issue for cash at an issue price of Rs 183.60 per warrant, including a premium of Rs 173.60 per share, for a total of Rs 45.9 crore. Sixteenth Street Asian Gems Fund now owns a 2.32 per cent stake in the company.

About the company: It is engaged in the manufacturing of fully finished and semi-finished forged crankshafts and forged components. It has the capability to manufacture components conforming to the new emission regulations & the new energy vehicles.

Financials: According to the Quarterly Results, net sales grew by a whopping 112.86 per cent to Rs 112.38 crore, operating profit soared by 180.41 per cent to Rs 21.90 crore, and net profit jumped by 125.35 per cent to Rs 16.67 crore, compared to the same quarter last year. The company has a market capitalization of over Rs 2,200 crore and reported positive numbers in its annual results.

The stock gave multibagger returns of 230 per cent in just 1 year whereas BSE Sensex Index is up by 11.85 per cent.

Balu Forge Industries Limited is a forging stock that has seen a sharp rise in price and is attracting a lot of attention.

Do you own this small-cap stock in your portfolio? Do let us know in the comment session below

Disclaimer: The article is for informational purposes only and not investment advice.