Ashish Kacholia’s Bengal Finance and Investment Portfolio Company Stock Rallied with Heavy Volume and Hits Upper Circuit; Gains Rs 3,11,38,800 in just 1 day!

The shares of the company have delivered a return of 150 per cent to its shareholders.

This Small-Cap company, incorporated in 2001, provides design, engineering, and electronics manufacturing services catering to global OEM and ODM manufacturers in the electronic industry. Today the company experienced a significant surge in its share price. 

At the start of the day's trading session, the stock opened at Rs 975 per share, compared to the previous day's closing figure of Rs 937.25 per share on the NSE. Finally, the shares are closed at Rs 1124.70 per share on the NSE. The stock has reached the upper circuit price limit of 20 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. 

The current market capitalization of Vinyas Innovative Technologies stands at Rs 1,415 crore, and the stock has generated an impressive multibagger return of around 150 per cent in just 6 months only. 

Stock Price Chart (Daily)

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, the company recorded a revenue of Rs 180 crore from Rs 121 crore in Q4 FY23. The operating profit for Q4 FY24 stood at Rs 19 crore, compared to Rs 11 crore in the same quarter of the previous fiscal year. The net profit for Q4 FY24 was Rs 10 crore, compared to Rs 4 crore.

Looking at the annual performance, the company generated a revenue of Rs 317 crore in FY24, compared to Rs 285 crore in FY23. The operating profit for FY24 was Rs 33 crore, with a net profit of Rs 15 crore.

Regarding the shareholding pattern, the promoters own 29.38 per cent of the company, while FIIs and DIIs collectively hold 0.03 per cent and 3.24 per cent, respectively. Public or retail investors hold the remaining 67.35 per cent. Bengal Finance and Investment (Ashish Kacholia’s) company owns a 1.32 per cent stake in the company as per the recent update.

Investors must keep this stock on their radar.

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