Multibagger stocks are very appealing to investors because they have the potential to multiply your initial investment several times. When identifying possible multi-bagger stocks, factors such as industry strength, debt levels, revenue multiples, PE ratios, and management quality are important considerations.
Here are the three Ashish Kacholia stocks that gave multi-bagger returns in a year.
Tarc Ltd.
Tarc Ltd. is a prominent land bank and real estate development company in the New Delhi Metropolitan Area. The company’s major projects are in the residential, hospitality, commercial, and retail verticals.
With a market capitalization of Rs 3,308.03 crores, Trac Ltd, On Thursday, the company shares closed at Rs 112.10 a share, an increase of 0.27 percent from the previous close price.
The stock gave a 108 percent return in six months and a 169 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 2.69 Lakhs in a year.
Ashish Kacholia holds 65,44,917 shares, i.e. equivalent to 2.22 percent of the company as of the September quarter of 2023.
Safari Industries Ltd
Safari Industries manufactures and sells luggage as well as accessories for luggage. Hard luggage and soft luggage are the two main types of luggage. Hard luggage is mostly produced internally by Safari using PolyPropylene (PP) and Polycarbonate (PC).
With a market capitalization of Rs 10,615.22 crores, Safari Industries Ltd, On Thursday, the company shares closed at Rs 4,463.25 a share, an increase of 0.04 percent from the previous close price.
The stock gave a 159 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 2.59 Lakhs in a year.
Ashish Kacholia holds 5,00,000 shares, i.e. equivalent to 2.10 percent of the company as of the September quarter of 2023.
Balu Forge Industries Ltd
Balu Forge Industries Ltd is a company that produces forged components and fully and semi-finished forged crankshafts. It is able to produce parts that meet the requirements of the New Energy Vehicles and the New Emission Regulations.
With a market capitalization of Rs 2,458.61 crores, Balu Forge Industries Ltd, On Thursday, the company shares closed at Rs 239.65 a share, a decrease of 0.35 percent from the previous close price.
The stock gave a 130.78 percent return in six months and a 321 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 4.21 Lakhs in a year.
Ashish Kacholia holds 21,65,500 shares, i.e. equivalent to 2.11 percent of the company as of the October quarter of 2023.
Written By- Abhishek Singh
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