1500 per cent returns: Renowned investor Ashish Kacholia portfolio stock hits 52-week high; do you own it?!
Shares of this company have given about 50 per cent returns in the last six months.
Shares of Gravita India Limited made a fresh 52-week high of Rs 595.00, gaining more than 1.50 per cent on Wednesday. In the last one month, shares of the company have gained more than 10 per cent. Ashish Kacholia currently holds a 2.15 per cent stake in the company. While in December 2022, Kacholia only had a 2.08 per cent stake in the company.
In Q4FY23, on a consolidated basis, the company’s revenue stood at Rs 748.93 crore which increased by 12.39 per cent YoY. While the bottom line increased by 40.33 per cent, which stood at Rs 63.99 crore.
The stock has also delivered multibagger returns to its shareholders in the last few years. During this period, the company’s share price jumped from Rs 34.10 on May 15, 2020, to Rs 576.25 on May 17, 2023, an increase of more than 1550 per cent. The stock has shown tremendous growth and has given multibagger returns to its shareholders in three years holding period.
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On Wednesday, the stock opened at Rs 573.95, with a high and low of Rs 595.00 and Rs 569.85. The stock closed trading at Rs 578.50, up by 1.58per cent over its previous close of Rs 569.50.