125 per cent increase in net profit: Ashish Kacholia’s portfolio stock zooms on reporting strong quarterly results!

Shares of the company have gained more than 18 per cent in the last one year.

Shares of Best Agrolife Limited gained over 4 per cent in the morning trade today. The surge in the stock was driven by the company’s stellar Quarterly Results in Q1FY24. The revenue of the company stood at Rs 612.23 crore which grew by 32.03 per cent YoY. The operating profit of the company stood at Rs 134.30 crore which grew by 102.66 per cent on a YoY basis, while the PAT of the company stood at Rs 90.50 crore, which increased by 125.55 per cent on a YoY basis.

Ashish Kacholia, an Indian ace investor who is one of the most successful investors in the Indian stock market. Ashish Kacholia owns a 2.25 per cent stake in the company.  

Best Agrolife Limited is an Indian agrochemicals manufacturer that ranks among the top 15 in the country. It is one of the most rapidly expanding producers of technicals, formulations, intermediates, and public health products. Best Agrolife caters to several blue-chip corporates and leading MNCs from India and abroad as part of its P2P setup.

On Tuesday, the stock opened at Rs 1366.00, with a high and low of Rs 1374.00 and Rs 1301.30. The stock is currently trading at Rs 1317.30, up by 4.09 per cent.

In the last one year, the shares of the company have given more than 18 per cent returns and in the last three years, the stock gained about 85 per cent returns. Investors should keep a close eye on this stock.

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