52-week high alert: Ashish Kacholia gains Rs 8,34,58,050 from this multibagger forging stock in just 1 day; do you own it?

The stock gave multibagger returns of 175 per cent in just 1 year, 625 per cent in 2 years and a whopping 8,600 per cent in a decade.

Today, shares of Balu Forge Industries Ltd (BFIL) gained 8.54 per cent to an intraday high of Rs 484.65 per share from its previous closing of Rs 446.55 per share. The stock also made a fresh 52-week high of Rs 484.65 and its 52-week low is Rs 154.55. The stock gave multibagger returns of over 200 per cent from its 52-week low is Rs 154.55 per share. The shares of the company saw a spurt in volume by more than 1.4 times on BSE.

According to the shareholding pattern, Ashish Kacholia owns 21,90,500 shares or 2.09 per cent stake in the company as of June 2024. Therefore, Ashish Kacholia gains Rs 8,34,58,050 in just 1 day (21,90,500 shares x Rs 38.1 per share).

BFIL has secured Rs 496.80 crore to significantly expand its manufacturing capabilities, focusing on defence, railways, and aerospace sectors. The funds will fuel R&D, acquisition of advanced machinery, and global partnerships to bolster India's self-reliance. This strategic investment positions BFIL as a key player in producing high-precision components and railway wheels, driving its growth and contributing to a developed India.

About the Company

Balu Forge Industries Ltd. (BFIL), established in 1989, is a leading manufacturer of precision-engineered forged components, including crankshafts, catering to a wide range of industries like automobiles, defence, railways and even the new energy sector. Not only do they adhere to the latest emission regulations and produce components for new energy vehicles, but they are also actively researching new materials for lighter and more advanced components. BFIL has grown into a prominent player with over 1,000 employees, a global export network reaching over 80 countries, and a trusted supplier to more than 25 original equipment manufacturers (OEMs).

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.

The company has a market capitalization of over Rs 4,850 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 175 per cent in just 1 year, 625 per cent in 2 years and a whopping 8,600 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.

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