This small-cap stock which surged 9 per cent on Monday is recently purchased by ace investor Ashish Kacholia
Ashish Kacholia bought a 3.6 per cent stake in this small-cap stock, according to recent June quarterly filings.
Ashish Kacholia is one of the leading investors in India. Ashish has a net worth of Rs 1784 crore as of August 8. In his portfolio, he has 38 stocks. Ashish founded his brokerage firm, Lucky Securities, in 1995.
In 1999, he and the big bull of India, Rakesh Jhunjhunwala, co-founded the entertainment company Hungama Digital Media Ltd. However, since 2003, Kacholia has been committed to building and managing his own equity portfolio.
Kacholia is renowned for finding and holding small-to-midcap undiscovered stocks that have the potential to produce multibagger returns for their shareholders.
A few of the stocks in which Ashish had made an early investment include NIIT Ltd, Birlasoft, Apollo Tricoat, Apollo Tubes Ltd, and Vaibhav Global. These stocks afterwards produced multibagger returns for their shareholders.
According to his June quarterly filings, Kacholia has added three new stocks to his portfolio. Repro India Limited is one of them. He has bought a 3.6 per cent stake in the company worth Rs 18.9 crore. He owns 457,962 shares of the company's equity shares.
Repro India Ltd has a market capitalisation of Rs 559 crore and is part of the S&P BSE Small-Cap index. Repro India is engaged in the physical book distribution, print-on-demand, offset printing, and digital services business.
Talking about financials, the business has consistently posted a net loss over the past 8 quarters. The company reported sales of Rs 287 crore for FY22 and an operating profit of Rs 13 crore with an operating margin of 5 per cent. However, a net loss of Rs 23 crore was reported. It's important to note that the company has a negative 10-year CAGR growth rate of -2 per cent.
On August 8, the stock is one of the Top Gainers. The scrip is up 8.72 per cent for the day as of 11:40 am and is trading at Rs 455.