Ashish ‘Big Whale Kacholia has acquired a 2.49 per cent stake in this company after the recently concluded quarter

Investment in shares of this small-cap integrated petrochemical two years back would have become 8X (8 times).

This Small-Cap petrochemical company by the name Bombay Baroda Roadways was started in 1995 with the main objective to carry on the business of transportation of LPG and Bitumen throughout India. With a vision to enlarge its activities from its modest origins in Transportation to Manufacturing of Bitumen & Bituminous Products, Power Generation through Wind Mills and undertaking agricultural activities, the company changed its name to “Agarwal Industrial Corporation Limited in 2008. 

In the recently concluded September quarter, Ashish Kacholia aka ‘The Big Whale‘ acquired 3,72,128 shares or a 2.49 per cent stake in the company. The investment has brought the stock to the limelight with the stock gaining 42.51 per cent in the said quarter. 

 Shares of this BSE Smallcap stock command a market capitalisation of Rs 1008 crore, with a 52-week high and low of Rs 745.70 and Rs 311, respectively. The stock has also outperformed its benchmark index S&P BSE Smallcap which has given returns of 7.74 per cent in the last 3 months and 1.81 per cent in the last one year.   

An investment of Rs 1 lakh one year ago would have doubled to Rs 2,11,000, whereas an investment of Rs 1 lakh two years ago would have compounded to Rs 8,10,000 rising from the levels of Rs 87 to Rs 683.