Ace investors in India are individuals or entities that have demonstrated exceptional skills and success in the stock market. These investors have contributed to the growth and development of the Indian stock market by sharing their knowledge, insights, and investment strategies. They have also inspired many aspiring investors to learn from their experiences and become successful in the stock market.
Listed below are the stocks in which Ace investors have entered the multi bagger stock during Q3FY24:
Savera Industries Ltd
With a market capitalisation of Rs. 187 crores, the shares of Hotelliering company shares started Thursday’s trading session on a higher note at Rs. 149 compared to its previous close of Rs. 147.65 The shares hit a high of Rs. 157.85, gaining around 7 percent, and closed the day at Rs. 156 apiece.
The shares have delivered a multibagger return of 123 percent to its shareholders in one year. For example, if someone had invested Rs. 1 lakh in these shares a year ago, then the worth of those shares would be Rs. 2.23 lakhs now.
According to the BSE data, Ace Investor Mr Dolly Khanna entered the stock in December 2023, by acquiring approximately 1.45 lakh equity shares equivalent to a 1.21 percent stake in this company. The current holding value of his investment amounts to Rs. 2.1 crores.
Looking at the company’s financial statements, the revenue increased by around 6 percent from Rs. 17.35 crores in the June quarter to Rs. 18.34 crores in the September quarter. In addition, the net profits zoomed by 12 percent from Rs. 2.69 crores to Rs. 3.01 crores during the same timeframe. Furthermore, the company is set to announce its quarterly results on 7th February.
Brand Concepts Ltd
With a market capitalisation of Rs. 940 crores, the shares of backpack manufacturing company shares started Thursday’s trading session on a higher note at Rs. 859.50 compared to its previous close of Rs. 851.45. The shares hit a high of Rs. 893, gaining around 3 percent, and closed the day at Rs. 878.30 apiece.
The shares have delivered a multibagger return of 231 percent to its shareholders in one year. For example, if someone had invested Rs. 1 lakh in these shares a year ago, then the worth of those shares would be Rs. 3.31 lakhs now.
According to the BSE data, Ace Investor Mr Mukul Agrawal entered the stock in December 2023, by acquiring approximately 6 lakh equity shares equivalent to a 2.51 percent stake in this company. The current holding value of his investment amounts to Rs. 27.1 crores.
Looking at the company’s financial statements, the revenue increased by around 19 percent from Rs. 58.06 crores in the September quarter to Rs. 68.93 crores in the December quarter. In addition, the net profits increased by 18 percent from Rs. 3.08 crores to Rs. 3.64 crores during the same timeframe.
Prakash Pipes Ltd
With a market capitalisation of Rs.1,085 crores, the shares of PVC pipes manufacturing company shares started Thursday’s session on a higher note at Rs. 455 compared to its previous close of Rs. 452.45. The shares hit a high of Rs. 461, gaining around 2 percent, and closed the day at Rs. 456.45 apiece.
The shares have delivered a multibagger return of 181 percent to its shareholders in one year. For example, if someone had invested Rs. 1 lakh in these shares a year ago, then the worth of those shares would be Rs. 2.81 lakhs now.
According to the BSE data, Ace Investor Mr Ashish Kacholia entered the stock in December 2023, by acquiring approximately 1.60 lakh equity shares equivalent to a 1.44 percent stake in this company. The current holding value of his investment amounts to Rs. 13.6 crores.
Looking at the company’s financial statements, the revenue increased by around 19 percent from Rs. 58.06 crores in the September quarter to Rs. 68.93 crores in the December quarter. In addition, the net profits increased by 18 percent from Rs. 3.08 crores to Rs. 3.64 crores during the same timeframe.
Looking at the company’s financial statements, the revenue decreased marginally by around 3 percent from Rs. 176 crores in the June quarter to Rs. 171 crores in the September quarter. On a contrasting note, the net profits increased by 28 percent from Rs. 18 crores to Rs. 23 crores during the same timeframe.
Written By Vaibhav Patil
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