FIIs Bought 32,30,696 Shares: Ashish Kacholio’s Portfolio Multibagger Forging Stock Jumps Over 8 Per Cent from Intraday Low; Do You Own It?

The stock gave multibagger returns of 290 per cent in just 1 year, 1,150 per cent in 2 years and a whopping 16,600 per cent in a decade.

Today, one of the Top Gainers on BSE, shares of Balu Forge Industries Ltd (BFIL) jumped 8.7 per cent to Rs 850 per share from its intraday low of Rs 782 per share with a spurt in volume by more than 2 times. The stock gave multibagger returns of 450 per cent from its 52-week low is Rs 154.55 per share.  

Balu Forge Industries Ltd. (BFIL) is a leading manufacturer of precision-engineered forged components, established in 1989. The company caters to a diverse range of industries, including automobiles, defence, railways and new energy. BFIL has a strong commitment to sustainability, adhering to the latest emission regulations and producing components for electric vehicles. The company has expanded its operations significantly, with over 1,000 employees and a global export network reaching over 80 countries.

Balu Forge Industries Ltd (BFIL) has achieved a significant milestone in acquiring 7-axis CNC machines, marking a strategic shift from its traditional forging business. This advanced technology positions BFIL among a select group of companies worldwide, capable of manufacturing high-precision components for industries like railways, defence and aerospace. The machines' capabilities, including parts up to 3 meters in length, align perfectly with BFIL's focus on these demanding sectors. This investment in cutting-edge technology will enable BFIL to expand its product portfolio to include complex components for various applications, solidifying its position as a key player in the global precision engineering market.

According to Quarterly Results, the net sales increased by 56 per cent to Rs 175.31 crore and net profit skyrocketed by 105 per cent to Rs 34.17 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 14.2 per cent to Rs 326.64 crore and net profit increased by 30.4 per cent to Rs 38.91 crore in FY24 compared to FY23.

According to the shareholding pattern, Ashish Kacholia owns 21,90,500 shares or a 2 per cent stake in the company and his investment firm Bengal Finance & Investment Pvt Ltd owns 21,65,500 shares or 1.98 per cent stake in the company as of September 2024. In September 2024, FIIs bought 32,30,696 shares and increased their stake to 10.94 per cent compared to 8.51 per cent in June 2024. The company has a market capitalization of over Rs 8,800 crore and the shares of the company have an ROE of 26 per cent & an ROCE of 31 per cent. The stock gave multibagger returns of 290 per cent in just 1 year, 1,150 per cent in 2 years and a whopping 16,600 per cent in a decade. Investors should keep an eye on this Small-Cap stock.

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