Mr. Ashish Kacholia is an India-based ace investor with an investment strategy including investing in small and mid-size companies. His total networth stands at over Rs 2,800 crores.
Listed below is one stock in Mr. Ashish Kacholia’s portfolio that one should buy now for a potential upside of more than 30 percent:
PCBL Limited
With a market capitalization of Rs 9,472.42 crores, the stocks of PCBL Limited started their trading session on Tuesday at Rs 248.35 and currently trade at Rs 250.95, gaining approximately 0.80 percent as compared to the previous closing price of Rs 249 apiece.
Such bullish stock price movements were observed today after ICICI Direct, one of the well-known Brokerage houses, gave a ‘Buy’ recommendation on the company’s stock with a potential upside of more than 30 percent.
During the recent financial quarters, the company’s basic business indicators, viz, its operating revenues as well as after-tax profits, saw an increase in numbers with the former rising from Rs 1,487 crores during Q2FY24 to Rs 1,657 crores during Q3FY24 and the latter, during the same time horizon, jumping from Rs 123 crores to Rs 148 crores.
Mr. Ashish Kacholia, one of the well-known ace investors based in India, holds a stake in PCBL Limited. He entered into the company in March 2021 and as per the recent shareholding data available, he holds 70.85 lakh equity shares equivalent to a 1.88 percent stake of the company.
Keeping a purview of the last one year, the company’s stock has delivered multibagger returns of approximately 125 percent for its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 2.25 lakhs.
Having a positive outlook for the company, ICICI Direct gave a ‘Buy’ recommendation on the stocks of PCBL Limited with a target price of Rs 330 indicating a potential upside of around 32 percent compared to the prevailing share price level.
The rationale behind such a recommendation pertains to the volume-led growth seen in its carbon black business, increased share in the speciality grade products, acquisitions in the ‘Speciality Chemical’ domain at a fair price, and many more.
Incorporated in 1960, PCBL Limited is engaged in the business of producing, selling, and exporting carbon black within as well as outside India. It offers various carbon black grades for the rubber industry under the brand names ‘Orient Black’ and ‘CarboNext’.
Written by Amit Madnani
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