Ashish Kacholia Reduces Stake in This Multibagger Company While Promoters and FIIs Raise Stakes – Stock Surges Over 1,800 Per Cent in Just 2 Years!

The company’s shares have delivered a multibagger return of over 450 per cent in the last 1 years.

Ashish Kacholia, through Bengal Finance & Investments Private Limited, holds a stake in this Small-Cap company and has reduced his position as per the latest September quarterly update. The firm now holds around 1.85 per cent, down from 1.91 per cent in June 2024. Meanwhile, the company’s promoters and FIIs have increased their stakes, according to the current shareholding pattern.

Sky Gold Ltd is engaged in the business of designing, manufacturing, and marketing gold jewellery. The co. follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores that sell these products through online platforms and retail stores.

At the start of the day's trading session, the stock opened at Rs 3089.95 per share, compared to the previous day's closing figure of Rs 3016.80 per share on the BSE. Finally, the shares closed at Rs 3015 per share. The company's current market capitalization stands at Rs 3991.02 crore, and the stock has generated an impressive multibagger return of over 460 per cent in the past 1 year.

As per the Quarterly Results, in Q1 FY25, Sky Gold Ltd recorded a revenue of Rs 723 crore. The operating profit for Q1 FY25 stood at Rs 37 crore. The net profit for Q1 FY25 was Rs 21 crore representing a gain of 91 per cent YoY compared to a profit of Rs 11 crore. Looking at the annual performance, the company generated a revenue of Rs 1745 crore in FY24, compared to Rs 1154 crore in FY23. The operating profit for FY24 was Rs 77 crore with a net profit of Rs 40 crore.

According to the shareholding pattern of Sky Gold Ltd, promoters own a 62.51 per cent stake, while public investors hold 37.24 per cent. Foreign Institutional Investors (FIIs) hold 0.25 per cent.

Investors must keep this small-cap stock on their radar.

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