Heavy Buying, Back-to-Back Upper Circuit Stock; Ashish Kacholia Bought 27.5 per cent Stake in the Company!

The shares of the company have delivered a return of over 140 per cent to its shareholders.

Aimtron Electricals Limited has garnered significant investor attention following Ace Investor Ashish Kacholia's purchase of a substantial stake in the company. This month, Ashish Kacholia acquired a 27.5 per cent stake, equivalent to 8 lakh equity shares, at Rs 241 per share. As a result, investors are actively seeking to buy shares in the company, viewing it as a favorable investment opportunity. The stock has been continuously hitting upper circuits, causing disappointment among buyers who have been unable to purchase shares due to sellers are not ready to sell their shares in the market.

At the start of the day's trading session, the stock opened at Rs 392.20 per share, compared to the previous day's closing figure of Rs 373.55 per share on the NSE. Finally, it closed the day at Rs 392.20 representing a rally of 5 per cent, and hit the upper circuit today. Compared to the final IPO price the stock has delivered a multibagger return of around 143 per cent return. The current market capitalization of Aimtron Electricals Limited stands at Rs 800.63 crore.

Looking at the annual performance, the company generated revenue of Rs 71.58 crore in FY24, compared to Rs 26.32 crore in FY23, representing a growth of 172 per cent. The operating profit for FY24 was Rs 16.57 crore compared to a loss of Rs 0.60 crore, while the operating profit margin stands at 23.15 percent. The company’s net profit stands at Rs 8.63 crore compared to a net loss of Rs 1.80 crore. The company has not yet announced its recent Quarterly Results after listing on the stock market.

Incorporated in April 2011, Aimtron Electricals Limited specializes in electronics system design and manufacturing ("ESDM") services, emphasizing high-value precision engineering products. The company provides PCB design, assembly, and comprehensive electronic system manufacturing for domestic and international clients, including manufacturers in India, the USA, Hong Kong, the UK, Spain, and Mexico.

The IPO was subscribed 99.24 times. The public issue was subscribed 71.62 times in the retail category, 69.93 times in the QIB category, and 202.74 times in the NII category.

Investors must keep this Small-Cap multibagger stock on their radar.

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