Multibagger NBFC with a twist: Ashish Kacholia adds it to his Portfolio!
The stock has witnessed significant buying activity in the last 3 year as it has surged more than 161 per cent.
On Wednesday, the shares of Ugro Capital Limited witnessed an impressive surge of 13.30 per cent, the stock hits fresh 52-week high mark of Rs 271.20 per share on BSE. The scrip witnessed a massive spurt in volume by more than 5.22 times. The company's current market capitalisation is Rs 2,469.82 crore.
Ashish Kacholia's 1.6 per cent stake acquisition fueled Ugro Capital's sudden surge. He is a renowned investor and is known for his expertise in picking stocks, especially in the small and midcap segments.
The presence of an ace investor on the boosts investor’s confidence in shares.
At the forefront of small business lending, UGRO Capital Limited stands as a technology-focused platform, employing a data-centric and technology-enabled approach. Specializing in eight select sectors, the company caters to the unique capital needs of small businesses, offering tailor-made loan solutions for sustainable growth and prosperity.
A surprising fact about the company’s ownership structure the majority of 96.47 per cent is owned by public shareholders, while promoters hold only 2.19 per cent. Moreover, foreign direct investment amounts to 21.99 per cent.
With promoters holding such a small stake, it implies that the company is largely controlled by public shareholders. This may lead to a situation where decision-making power primarily rests with public investors, potentially affecting the company's strategic direction and governance.
The level of promoter involvement and alignment with other shareholders can impact a company's performance and shareholder relations. A lower promoter holding may expose it to vulnerability, potentially leading to hostile takeovers.
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The stock has witnessed significant buying activity in the last 3 year as it has surged more than 161 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.