Ashish Kacholia & Mukul Agarwal’s Gem: Micro-Cap Stock Hits Upper Circuit

Wednesday’s deals, began with benchmark indices Sensex and Nifty, facing early losses, dropping by 0.21% and 0.31%, respectively. However, they concluded with slight gains, rising 0.21% and 0.16%, respectively.

In contrast, to the dampened market sentiments, the shares of Dhabriya Polywood Limited touched the upper circuit at Rs 286.50 apiece on BSE.  The company’s current market capitalisation is Rs 310.11 crore. The key factor driving this rally was the involvement of a shark investor.

Ashish Kacholia has acquired a 5.05% stake in Dhabriya Polywood at an average price of Rs 280.90. He has a track record of picking multibagger stocks.  

Further zooming in, the shareholding pattern of the company reveals that another ace investor, Mukul Agarwal already owns a substantial 9.26% stake in the company.

With two major investors onboard, it concretes investors’ trust in the company.

Dhabriya Polywood Limited specializes in crafting PVC and UPVC products tailored for diverse interior and exterior building applications.

On August 02, 2023, the company announced its Q1FY24 performance. Details are below:

During Q1FY24, the company achieved a remarkable 36.42% growth in its top line, reaching Rs 50.19 crore compared to the same quarter of the previous year. The operating profit also witnessed a notable expansion, standing at Rs 6.90 crore reflecting a robust growth of 153.67% compared to Q1FY23. 

Furthermore, the company’s bottom line witnessed an impressive surge of 376.92% from the corresponding quarter of the previous year, reaching Rs 3.10 crore. 

Overall, these results suggest that the company experienced strong growth in both its revenue and profitability during the first quarter of FY24.

The stock has witnessed significant buying activity as it has surged more than 887% in the last 3 years. 

Keep a close eye on this trending multibagger micro-cap stock.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.