Ashish Kacholia’s Portfolio Stock Hit Upper Circuit & 52-Week High As The Board Is Likely To Announce Bonus Shares
The stock delivered multibagger returns of 355 per cent in just 1 year and a whopping 3,760 per cent in 3 years.
On Thursday, shares of Sky Gold Ltd surged and reached an upper price band of Rs 3,571.15 per share, after being locked in the 5 per cent upper circuit. The stock also made a new 52-week high of Rs 3,571.15 per share while its 52-week low is Rs 680.35
Sky Gold Limited informed that a meeting of the Board of Directors of the company is scheduled to be held on Saturday, October 26, 2024, at its registered office, to, inter alia: -
1. Increase in authorised share capital and consequential alteration to the capital clause of the memorandum of association subject to shareholder approval.
2. Issuance of bonus equity shares subject to shareholder approval.
3. To convene the general meeting of the shareholders of the company.
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Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery. The company follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores which sell them through online platforms and retail stores. An ace investor, Ashish Kacholia via his investment firm Bengal Finance And Investment Pvt Ltd owns a 1.73 per cent stake in the company as of September 2024.
Sky Gold Ltd has a market cap of Rs 5,233 crore and has delivered good profit growth of 67.1 per cent CAGR over the last 5 years. The stock delivered multibagger returns of 355 per cent in just 1 year and a whopping 3,760 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.