Ashish Kacholia's portfolio multibagger stock set to trade ex-dividend tomorrow! Do you own it?
Comparing to the same quarter last year, the net profit for the first quarter of FY24 soared 55.11 per cent to Rs 25.33 crore.
The Indian frontline indices ended the session on a significantly positive note, with the energy, healthcare, and real estate sectors emerging as the Top Gainers. The BSE Sensex gained 0.23 per cent to 65,780 level at the close. The Nifty 50 index advanced 0.24 per cent to a level of 19,574.
Bharat Bijlee Ltd, a Small-Cap electrical equipment manufacturing company, could be in the headlines as its shares will trade ex-dividend tomorrow, September 06, 2023. The company's board of directors recommended a final dividend of Rs 40 (400 per cent) per equity share with a face value of Rs 10 each.
Renowned investor Ashish Kacholia held approximately a 1.8 per cent stake in the company as of June 2023. The company's robust quarter performance for the quarter ending in June 2023 has impressed investors. Taking into account the quarterly performance, it reported a healthy growth of 59.29 per cent from Rs 277.14 crore registered in Q1FY23, recording total revenue of Rs 441.45 crore in Q1FY24.
It has reported strong operating profit growth of 45.78 per cent. Comparing to the same quarter last year, the net profit for the first quarter of FY24 soared 55.11 per cent, from Rs 16.33 crore to Rs 25.33 crore. The shares have delivered multibagger returns of over 100 per cent in the past year and are currently trading at Rs 4,120, with a 52-week high of Rs 4,387 per share on the BSE.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Bharat Bijlee Ltd is a prominent electrical engineering company, and its primary business segments encompass power transformers, electric motors, magnet technology machines and industrial automation solutions.
Disclaimer: The article is for informational purposes only and not investment advice.
Related articles
-
Low-price gem touched 52-week high, delivered 45 per cent returns in just one month as record date neared!
-
Stock Split: This small-cap company reported a 155 per cent growth in revenue; shares soared 115 per cent in just six months!
-
3,700 per cent dividend: The stock will trade ex-dividend tomorrow! Do you own it?
-
2,200 per cent dividend: After reaching a 52-week high today, the stock will trade ex-dividend tomorrow!
-
This small-cap stock will trade ex-bonus and ex-dividend today! Do you own it?
-
Ashish Kacholia-Backed VFX Stock Hits 52-Week High with Heavy Volumes Today, Gains Over 400 Per cent Within 1 Year!
-
Back-to-Back Upper Circuit for 3 Days Ashish Kacholia-Backed Engineering Stock; Do You Own It?
-
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
-
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!
-
Back-to-Back Upper Circuit: Ashish Kacholia Bought 8,00,000 Shares, Company Announces First Quarterly Results Post Listing - Complete Details Inside
-
10:1 Stock Split: Small-Cap Company Announces Record Date for Share Split; Stock Surges Over 830 per cent in Just 1 Year!
-
Heavy Buying, Back-to-Back Upper Circuit Stock; Ashish Kacholia Bought 27.5 per cent Stake in the Company!
-
Why you should keep this Ashish Kacholia's portfolio stock on the watchlist!
-
1:5 Stock Split: Multibagger Financial Service Provider Announces Record Date for Subdivision of Shares!
-
Ashish Kacholia Bought 27.5 per cent stake in this Electronics System Manufacturer for Defence Industry: Heavy Buying, Hits Upper Circuit Today!
-
2,400 per cent multibagger returns and Rs 733 crore order book: Ashish Kacholia's portfolio stock bags new order worth Rs 7,49,50,000!
-
3:1 Bonus issue: Company announces record date for bonus shares; stock gains over 12,000 per cent, complete details inside!
-
3,600 per cent returns and Rs 604 crore order book: This multibagger stock secures new order worth Rs 98.06 crore!