Ace investor Ashish Kacholia increased his stake in a small-cap multibagger stock, leading to a 4 percent surge in its share price. The BSE-listed stock reached an intraday high of ₹ 1127.00 apiece on Friday’s early trades and its shares were trading at ₹ 1108.00 apiece at 11:42 AM.
The latest shareholding pattern of Knowledge Marine and Engineering works showed that Ashish Kacholia holds 3,00,000 shares or a 2.78 percent stake in the company. This indicates an increase of 0.28 percent as compared to his holding of 2,70,000 shares or a 2.50 percent stake as per the March quarter of FY23.
Knowledge Marine & Engineering Works is primarily engaged in the business of owning, chartering/ hiring along with manning, operation and technical maintenance of marine crafts, marine infrastructure and allied works in India.
In the past two years, the company’s share price increased from ₹ 50.90 to ₹ 1,127.00 apiece to deliver multibagger returns of 2114 percent. Therefore, if an investor had invested in the company’s shares two years ago, the value of their holdings would have been ₹ 22.14 lakhs today!
With a market capitalization of ₹ 1,170 crores, Knowledge Marine and Engineering is a small-cap company. It has a high return on equity of 51.39 percent and an ideal debt-to-equity ratio of 0.18. Its shares were trading at a price-to-earnings ratio (P/E) of 23.63, which is higher than the industry P/E of 1.32, indicating that the stock might be overvalued as compared to its peers.
The company’s promoters hold a 67.09 percent stake in it followed by retail investors with 32.29 percent, foreign institutions with 32.29 percent and foreign institutions with 0.62 percent.
Written by Simran Bafna
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
