Ashish Kacholia’s Portfolio Gem Hits 52-Week High, Surges Over 120% in Six Months

Garware Hi Tech Films Limited shares surged 4.90% to hit a fresh 52-week high of Rs 1,406.55 on the BSE today. Ace investor Ashish Kacholia owns a 4.17% stake in the company. Ashish Kacholia has increased stake his stake from 2.03% in March 2021 to 4.17 in June 2023.

The stock is trading at a PE of 19.6x, which is below to its Industry PE of 22.4, making the stock available at attractive price point.

Incorporated in 1957, Garware Hi-Tech Films Limited (GHFL) is engaged in the manufacturing of polyester films, which are used in variety of end applications like window tint application, automobile paint protection films, packaging, electrical & motor and cable insulations, shrink film for label application, architectural film etc.

Recently, Garware Hi Tech Film Limited has announced its financial results for the first quarter ending on June 30, 2023 (Q1FY24). During this period, the company generated revenue of Rs 379.71 crore, reflecting a growth of 2.66% compared to the previous year. The operational profit for Q1FY24 was Rs 72.73 crore, marking a significant increase of 2.89% year-on-year. However, the company’s net profit after tax (PAT) saw significant decline, reaching Rs 42.29 crore, with a decline of 1.91%.

Today, the stock opened at Rs 1357.95, with a high and low of Rs 1406.55 and Rs 1316.70 respectively. The stock ended the trading session at Rs 1396.25, up by 4.90%. In the last 6 months, the shares of the company have given more than 120% returns, and on a YTD basis, the stock has given about 100% returns.

The stock has a 52-week high of Rs 1406.55 and a 52-week low of Rs 492.05. The company has a ROCE of 11.9% and an ROE of 9.05% with a market capitalisation of Rs 3,253 crore.

The stock has shown impressive growth and investors should keep a close eye on this 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.