Shankar Sharma’s portfolio gains more Rs 4,42,15,407 than Ashish Kacholia from this multibagger textile stock; Hits 10% upper circuit
The stock has given multibagger returns of 482 per cent in just 2 years and a whopping 7,300 per cent in 5 years.
On Thursday, the Indian stock market displayed a robust performance, with both the Sensex and Nifty-50 indices climbing over 0.50 per cent. While the Mid-Cap Index saw a modest gain of 0.1 per cent, the Small-Cap Index experienced a slight dip of 0.08 per cent. Amidst this market activity, a particular multibagger textile stock stole the spotlight on Dalal Street, hitting a 10 per cent upper circuit to reach Rs 366.30 per share, up from its previous close of Rs 333. The stock's current 52-week high stands at Rs 500.55 with its 52-week low at Rs 184.20. Notably, the company's shares also witnessed a more than sevenfold increase in trading volume.
Savvy investors Shankar Sharma, Ashish Kacholia and Suresh Kumar Agarwal are celebrating significant gains from a multibagger textile stock, with the stock's impressive Rs 33.30 per share surge today translating into substantial profits. Shankar Sharma, holding a commanding 8.99 per cent stake (13,19,020 shares), saw his wealth swell by a remarkable Rs 5,44,56,456. Meanwhile, Ashish Kacholia and Suresh Kumar Agarwal, each with a 2.10 per cent stake (3,07,539 shares), also reaped handsome rewards, with their holdings increasing by Rs 1,02,41,049 each. This stellar performance underscores Shankar Sharma's leading position, as his daily gain outpaced Ashish Kacholia's by a staggering Rs 4,42,15,407.
The trending textile stock name is Thomas Scott (India) Ltd
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Thomas Scott (India) Ltd (TSIL), established in 2010, is a key player in the apparel, textile and retail sectors, specialising in the manufacture and trade of garments and fabrics. The company offers a diverse range of premium men's formal and semi-formal shirts through brands like Hammersmith, Bang & Scott, Italian Gold and Thomas Scott, also providing customised products.
The company has a market cap of Rs 445.53 crore and has delivered good profit growth of 53.9 per cent CAGR over the last 5 years with a median sales growth is 18 per cent over the last 10 years. The stock has given multibagger returns of 482 per cent in just 2 years and a whopping 7,300 per cent in 5 years.
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Disclaimer: The article is for informational purposes only and not investment advice.