The shares of Aditya Vision Limited gained approximately 4 per cent today and reached a new 52-week high of Rs 1,845 in the early hours of Monday. The shares rallied after the news surfaced that Ace investor Ashish Kacholia bought a stake in the company.
As per BSE Bulk deals, the investor acquired 1 lakh shares in the company on December 9th via open market transactions, at an average price of Rs 1,465.90 per share, which were worth Rs 14.65 crore.
In addition, Himalaya Finance & Investment Company also bought 1 lakh shares at an average price of Rs 1,466 per share amounting to Rs 14.66 lakhs. The selling party was promoter Sunita Sinha who sold 2.1 lakh shares at an average price of Rs 1,465.95 per share.
The share price has risen from Rs 701 in June around the same time to the present levels logging a multibagger return of 145 percent in 6 months. On a Year to Date (YTD) basis, the stock has gained approximately 172 percent.
Aditya Vision Ltd is an India-based retail consumer electronics and home appliances company. It is primarily involved in the trading of electronic items. The Company is a multi-brand store dealing in consumer durables of all kinds.
In Q2FY23, the company reported a total revenue of Rs 259.6 crore which was an increase of 43 percent Year on Year from Rs 182.09 crore. However, on a sequential basis, their revenue declined by 41 percent from Rs 438.51 crore.
Their net profit in the period stood at Rs 11.35 crore which was an increase of 56 percent Year on Year (YoY) to Rs 7.28 crore but a decline of 58 percent Quarter on Quarter (QoQ) from Rs 26.73 crore.
The small-cap company has a market capitalization of Rs 2,060 crore and a dividend yield of 0.35%. The promoters of the company hold a 69.88 per cent stake.
Written by Anoushka Roy
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