Shares of this Ashish Kacholia stock jumped nearly 3 percent on Wednesday after HDFC Mutual Fund bought a stake in the company via a Bulk Deal. In the past month, the company’s shares have gained more than 15 percent.
With a market capitalization of Rs 3,194.77 crores, the stocks of Aditya Vision Limited started their trading session on Wednesday at Rs 2,650 and currently trades at Rs 2,670, gaining around 3 percent as compared to the previous close of Rs 2,599.05 apiece.
According to the Bulk Deal data as of 17th October 2023 available with the BSE, HDFC Mutual Fund bought 95,000 equity shares of the company at an average trading price of Rs 2,601.93. On the selling side, Mr. Angad Kumar, one of the resident individuals holding nominal share capital, sold 1 lakh equity shares at an average trading price of Rs 2,602.14 apiece.
Mr. Ashish Kacholia, one of the well-known ace investors based in India, has invested in the shares of Aditya Vision Limited. He took an entry into the company’s shares recently in March 2023 and currently, as per the latest holding data available for the quarter ended September 2023, he holds around 2.39 lakh equity shares equating to a 1.99 percent stake in the company.
Digging into the financial performance reported recently, the company, quarterly, has successfully increased its operating revenues as well as net profits with the former moving up from Rs 306.27 crores during Q4FY22-23 to Rs 641.23 crores during Q1FY23-24, and, the latter, during the same time horizon, shooting up from Rs 6.78 crores to Rs 37.42 crores.
In addition, the company’s profitability ratio such as the return on equity (RoE) has consistently improved with the most recent movement being from 55.11 percent during FY21-22 to 59.86 percent during FY22-23. The company’s net profit margin has also increased from 3.92 percent to 4.85 percent keeping the timeframe the same.
Having a look at the shareholding pattern available for the quarter ended September 2023, the company’s Promoters hold a 61.19 percent stake, and the Foreign Institutional Investors (FIIs), recently showing interest, hold a 0.56 percent stake in the company.
Aditya Vision Limited is involved in the business of retail consumer electronics. The company offers a wide range of products ranging from home appliances, digital gadgets, kitchen appliances, entertainment solutions, and personal care products.
Written by Amit Madnani
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.
