Ashish Kacholia’s portfolio multibagger stock hit 52-week high; Company commissions 12 MW captive power plant (CPP) in Tamil Nadu!

The stock gave a whopping multibagger returns of over 5,200 per cent in a decade

PCBL Ltd announced that the company’s wholly-owned subsidiary, PCBL(TN) Limited, has commissioned a 12 MW cogeneration captive power plant in Tamil Nadu.  This power plant will generate electricity for PCBL Ltd's own use and sell the surplus to other customers. This new power plant is a significant investment for PCBL Ltd and will help to reduce the company's reliance on the grid. PCBL Ltd, a subsidiary of the RP-Sanjiv Goenka Group, was founded in 1960 and is a leading manufacturer and seller of carbon black. The company also generates electricity for its own use and sells the surplus to the grid.

PCBL Ltd has a market cap of over Rs 7,400 crore and has been maintaining a healthy dividend payout of 43.3 per cent. The company reported positive numbers in its Quarterly Results and annual results. As of June 2023, an ace investor, Ashish Kacholia owns a 1.88 per cent stake in the company.

As of June 2023, the promoters of the company own the majority stake of 51.41 per cent, followed by foreign institutional investors (FIIs) with 6.56 per cent, domestic institutional investors (DIIs) with 9.05 per cent, the government with 1.24 per cent, and the public with the remaining 31.74 per cent.

On Monday, PCBL Ltd gained 2.31 per cent to make a new 52-week high of Rs 201.50 per share from its previous closing of Rs 196.95. The shares of the company saw a spurt in volume by more than 1.01 times on BSE.

The stock gave 25 per cent returns in 3 months and over 70 per cent in 6 months. The stock gave a whopping multibagger returns of over 5,200 per cent in a decade. Investors should keep an eye on this Mid-Cap stock.

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