The benchmark index Nifty 50 closed with a loss of 161 points, or 0.72 per cent, at 22,332.65 while the Sensex fell 617 points, or 0.83 per cent, to close at 73,502.64. Amid cautious anticipation of key macroeconomic data and influenced by weak global signals, the domestic equity market experienced a widespread selloff.
Listed below are the stocks that are held by Ace Investors and which are trading at a discount of upto 27 percent:
Neuland Laboratories Ltd
With a market capitalization of Rs. 7,640 crores, shares of this pharmaceutical company started Monday’s trading session on a lower note at Rs. 6,430.05 compared to its previous close of Rs. 6,529.50.
During the trading session, the shares hit a low of Rs. 5,800, making a loss of around 9 percent and closed the day at Rs. 5,953 apiece. The shares have delivered a multibagger return of 261 percent to its shareholders in one year.
The company’s shares hit its 52-week in February 2024 at Rs. 7,318 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 18 percent.
According to the BSE data, Ace Investor Mr Mukul Agrawal, entering the stock in September 2020, currently holds 4 lakh equity shares equivalent to a 3.12 percent stake in this company. The current holding value of his investment amounts to Rs. 240.9 crores.
Brand Concepts Ltd
With a market capitalization of Rs. 815 crores, shares of this bag manufacturing company started Monday’s trading session on a higher note at Rs. 764.70 compared to its previous close of Rs. 730.55.
During the trading session, the shares hit a low of Rs. 730, making a loss of around 1 percent and closed the day at Rs 736 apiece. The shares have delivered a multibagger return of 227 percent to its shareholders in one year.
The company’s shares hit its 52-week in January 2024 at Rs. 966.10 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 24 percent.
According to the BSE data, Ace Investor Mr Ashish Kacholia, entering the stock in December 2023, currently holds 1,60,093 lakh equity shares equivalent to a 1.44 percent stake in this company. The current holding value of his investment amounts to Rs. 11.8 crores.
Talbros Automotive Components Ltd
With a market capitalization of Rs. 1,565 crores, shares of these gaskets and forging manufacturing company started Monday’s trading session on a higher note at Rs. 268.80 compared to its previous close of Rs. 263.30.
During the trading session, the shares hit a low of Rs. 251, making a loss of around 4 percent and closed the day at Rs. 253 apiece. The shares have delivered a multibagger return of 205 percent to its shareholders in one year.
The company’s shares hit its 52-week in November 2023 at Rs. 347.75 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 27 percent.
According to the BSE data, Ace Investor Mr Ashish Kacholia, entering the stock in December 2021, currently holds 6,25,000 lakh equity shares equivalent to a 1.01 percent stake in this company. The current holding value of his investment amounts to Rs. 16 crores.
Written by Vaibhav Patil
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