A year ago, the shares of Faze Three Ltd were trading at Rs 153. Today, the stock is trading at Rs 320 levels, thereby giving a multi-bagger return of more than 108% to its shareholders.
On Monday, however, the stock didn’t show much momentum and closed at Rs 312. Over the past month, the stock has accumulated more than 10%.
The stock is a part of the ‘Big Whale’ Ashish Kacholia’s portfolio. In the latest quarter, he added 91,995 shares to take his total up to 12,25,851 shares which represents a stake of 5.04% in the company up from 4.66%, with a total investment value of Rs 39.2 Crores.
The stock price reached its 52-week high of Rs 413 in January 2022. Currently, it is trading at a 20% discount from its high. It declined to its 52-week low of Rs 120 in July 2021.
Faze Three Limited is engaged in manufacturing and exports of end home textile products items like bathmats, rugs, blankets, throws, cushions, etc. The company has diversified its product mix across categories in the Home Textile segment and is also an exporter to the USA, UK, and Europe.
In FY22, Faze Three Limited reported total revenue of Rs 504 Crores up 55% from Rs 324 Crores a year ago. The net profit of the company also rose by 113% to Rs 51 Crores from Rs 24 Crores in FY21.
The small-cap stock has a market capitalization of Rs 773 Crores and a dividend yield of 0.16%. The promoters hold a 51% stake in the company and the promoter’s pledge stands at zero.
Written By – Anoushka Roy
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