650 per cent returns: Ace investor Ashish Kacholia increased stake in this small-cap multibagger stock; do you own it?

The stock has witnessed significant buying activity, as it has provided multibagger returns of more than 650 per cent in just 3 years

On Thursday, shares of Agarwal Industrial Corporation surged by more than 6 per cent, reaching an intraday high of Rs 670 apiece on the BSE. The stock witnessed a substantial increase in trading volume.

In March 2023, the net sales reached Rs 659.54 crore, showing a 1.28 per cent increase from the previous year's March figures of Rs 651.19 crore. The EBITDA level stood at Rs 43.19 crore, exhibiting a 14.93 per cent rise from the March 2022 value of Rs 37.58 crore. The quarterly net profit for March 2023 amounted to Rs 28.30 crore, indicating a 19.25 per cent growth compared to the previous year's March figure of Rs 23.73 crore.

Agarwal Industrial Corporation Ltd is primarily engaged in the business activities of manufacturing and trading of petrochemicals (bitumen and bituminous products), logistics of bitumen and liquefied petroleum gas, and energy generation through windmills. As per the latest shareholding pattern as of June 30, 2023, Ashish Kacholia's stake stood at 3.93 per cent as against 3.82 per cent on March 31, 2023.

The stock has witnessed significant buying activity, as it has provided multibagger returns of more than 650 per cent in just 3 years. Moreover, in the past year, the stock has surged by more than 40 per cent. Keep a close eye on this trending Ashish Kacholia's portfolio stock.