Ashish Kacholia gained Rs 10,10,92,817 in this small-cap multibagger stock in just one day; mutual fund stakes at a record level!

The stock is a small-cap stock and has delivered multibagger returns of 119.87 per cent in the last one year.

Nifty primarily traded sideways after an initially positive start. The sentiment remains optimistic as the index stays above critical moving averages. At 21,500, there could be significant immediate resistance. A decisive breakout beyond this level could potentially propel the index into a substantial rally. Until then, the index is expected to remain within the range of 21,300 and 21,500.

One stock that hogged the limelight was Garware Hi-Tech Films Ltd. The company is engaged in the business of manufacturing specialty performance polyester films, such as Sun Control window films used in automobiles and buildings, Paint Protection Films used in automobiles, and a variety of other specialty polyester films like PET Shrink films used for label applications, Low Oligomer PET films used for insulation of hermetically sealed compressors motors, electric motor insulation and cable insulation, sequin application films, TV and LCD screen application, and packaging applications, etc.

The stock price jumped nearly 8 per cent, settling at a level of Rs 1428.95 per share. The stock gained Rs 104.40 per share on Tuesday. Interestingly, ace investor Ashish Kacholia holds 4.17 per cent shares of the company, translating to 9,68,322 shares of the company. Now, if we calculate how much the ace investor gained, it is Rs 10,10,92,817 in just a single-day.

Mutual fund holding also stands at 3.34 per cent, the highest since the quarter ended September 2021, and the number of mutual fund schemes increased from 8 to 9 in the quarter ended September 2023.

The stock is a Small-Cap stock and has delivered multibagger returns of 119.87 per cent in the last one year.

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