Ashish Kacholia Gains Rs 9,56,29,066 From This Multibagger Stock In Just 1 Day: Forging Company’s Stock Locked In 10 Per Cent Upper Circuit with Heavy Volume
The stock gave multibagger returns of 415 per cent in just 2 years and a whopping 1,400 per cent in 5 years.
On Monday, shares of Balu Forge Industries Ltd (BFIL) were locked in a 10 per cent upper circuit to Rs 564.05 per share from their previous closing of Rs 512.80 per share. The stock gave multibagger returns of over 150 per cent from its 52-week low is Rs 209.75 per share. The shares of the company saw a spurt in volume by more than 2.31 times on the BSE.
The Board Meeting of the Company, scheduled for Wednesday, May 14th, 2025, as previously intimated on May 6th, 2025, will not only consider and approve the Audited Standalone and Consolidated Financial Results along with the Audit Report for the quarter and year ended March 31st, 2025, but will also deliberate and potentially recommend a Final dividend for the financial year 2024-25 for the shareholders' approval at the upcoming Annual General Meeting, as per Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window, which has been closed since April 1st, 2025, will reopen on Saturday, May 17, 2025.
Balu Forge Industries Ltd (BFIL) is a leading manufacturer of forged components established in 1989. The company specialises in both fully finished and semi-finished products, catering to diverse industries including automotive, defence, oil & gas, railways, and marine. BFIL possesses a robust production infrastructure with a wide product range, capable of manufacturing components from 1 kg to 1,000 kg. With a strong global presence through 80+ distribution networks, the company serves both domestic and international markets. Notably, BFIL's manufacturing capabilities align with the evolving automotive landscape, encompassing both New Emission Regulations and the requirements of New Energy Vehicles.
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According to Quarterly Results, the net sales increased by 60.1 per cent to Rs 222.88 crore and net profit skyrocketed by 106.9 per cent to Rs 48.14 crore in Q2FY25 compared to Q2FY24. Looking at its half-yearly results, the net sales increased by 58.3 per cent to Rs 398.2 crore and net profit skyrocketed by 105.6 per cent to Rs 82.28 crore in H1FY25 compared to H1FY24. In its annual results, the net sales increased by 14.2 per cent to Rs 326.64 crore and net profit increased by 30.4 per cent to Rs 38.91 crore in FY24 compared to FY23.
According to the shareholding pattern, Ashish Kacholia owns 18,65,933 shares or a 1.73 per cent stake in the company as of April 2025. Therefore, in just 1 day, Ashish Kacholia in total gains Rs 9,56,29,066 in just 1 day [18,65,933 shares x Rs 51.25 per share gain today].
The company has a market capitalisation of over Rs 6,000 crore and the shares of the company have an ROE of 25 per cent & an ROCE of 30 per cent. The stock gave multibagger returns of 415 per cent in just 2 years and a whopping 1,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.