Ashish Kacholia’s portfolio multibagger stock hit 52-week high as Board is likely to announce stock split for first-time ever!

The stock gave multibagger returns of 185 per cent in just 1 year, 660 per cent in 3 years and a whopping 7,600 per cent in 5 years.

Aditya Vision Ltd informed that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, July 03, 2024, inter alia to transact the following business:

1. To consider and approve the proposal of sub-division/ stock split of the equity shares of the company in such manner as may be determined by the Board of Directors.
2. To consider and approve the proposal of listing of equity shares of the Company on the National Stock Exchange of India Limited (“NSE”).
3. To consider and approve the Director's Report along with its annexure thereto for the year ended March 31, 2024.
4. To consider and decide the date and time for convening the 25^th Annual General Meeting and to approve the draft notice for the same.
5. To appoint a scrutinizer for conducting voting of the 25th Annual General Meeting of the company.
6. To appoint an internal auditor of the company for the Financial Year 2024-25.
7. To appoint a secretarial auditor of the company for the Financial Year 2024-25.
8. To transact any other business with the permission of the chair.

Founded in 1999, Aditya Vision Ltd is a Bihar-based service-oriented electronic retail chain that deals in a wide variety of consumer durables, including mobile phones, laptops, tablets, televisions, refrigerators and air conditioners. The company has a market cap of over Rs 5,900 crore and an ace investor, Ashish Kacholia owns a 1.87 per cent stake in the company. The shares of the company have an ROE of 25 per cent and an ROCE of 22 per cent.

Today, shares of Aditya Vision Ltd gained 7.9 per cent and made a fresh new 52-week high of Rs 4,800 per share from its previous closing of Rs 4,449. The stock gave multibagger returns of 185 per cent in just 1 year, 660 per cent in 3 years and a whopping 7,600 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.

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