Shares of a BSE-listed finance company gained 6.83 percent in three sessions after ace investor Ashish Kacholia’s name appeared in its shareholding pattern. Its shares reached a fresh 52-week high of ₹ 648.00 apiece on Wednesday’s trades on the Bombay Stock Exchange (BSE).
As per the shareholding pattern of SG Finserve for the April to June quarter (Q1FY24), Ashish Kacholia holds 4,96,821 shares or a 1.17 percent stake in the company. However, his name does not appear in the list of shareholders who hold more than a 1 percent stake in the company as of the previous quarter, indicating that he might have bought a fresh stake in the company recently.
SG Finserve (formerly Moongipa Securities) is in the business of investing activities, investment research, investment banking and wealth management.
The company’s share price increased by a massive 29169 percent in the past three years to deliver multibagger returns to its shareholders. If an investor had invested in the company’s shares five years ago, the value of their holdings would have been ₹ 2.92 crores today!
With a market capitalization of ₹ 2,711 crores, SG Finserve is a small-cap company. It has a low return on equity of 6.33 percent and its shares were trading at a price-to-earnings ratio (P/E) of 7.86. Retail investors hold a 50.52 percent stake in it, followed by promoters with 49.38 percent and foreign institutions with 0.10 percent.
The company’s profit increased by 57.15 percent to ₹ 24.72 crores in the financial year 2022-23, as compared to ₹ 15.73 crores in the previous financial year. Its revenue increased by 66.37 percent to 78.31 crores as compared to 47.07 crores in the previous financial year.
Written by Simran Bafna
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