December 30, 2024
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Stock Market

5 Ashish Kacholia stocks that have delivered up to 339% returns in 2024

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Stock Market

5 Ashish Kacholia stocks that have delivered up to 339% returns in 2024

Ashish Kacholia is a well-known Indian ace investor renowned for his sharp market acumen and low-profile approach. With a net worth exceeding Rs. 3,166.6 crore, Kacholia has built a diverse portfolio across various sectors, including hospitality, education, and infrastructure. His strategic investments and hands-off style have made him a respected figure in the stock market.

Here are some Ashish Kacholia stocks that have given returns of up to 339% in the calendar year:

1. Shaily Engineering Plastics Limited

With a market capitalisation of Rs. 6,750 crores, Shaily Engineering Plastics Limited’s share price is trading at Rs. 1,469.70 per share, up by 0.18 percent from its previous close of Rs. 1,467.1. In the calendar year, the stock has given a return of 334.45 percent.

As of September 2024, Ace investor Ashish Kacholia has held a stake of 3.22 percent in the company, which had a holding value of Rs. 391.9 crore, with ownership of 14,78,980 shares.

The company’s revenue has increased by 21.52 percent, from Rs. 158 crore in Q2 FY24 to Rs. 192 crore in Q2 FY25. The net profit reached Rs. 22 crore in Q2 FY25, which has grown by 100 percent as compared to Q2 FY24.

Shaily Engineering Plastics Limited was founded in 1987 and is a leading Indian manufacturer of precision injection-molded plastic components. With five facilities in Gujarat, it produces components for OEMs and offers secondary operations like vacuum metalizing and ultrasonic welding.

2. Balu Forge Industries Limited

With a market capitalisation of Rs. 8,109 crores, Balu Forge Industries Limited’s share price is trading at Rs. 741.00 per share, down by 0.2 percent from its previous close of Rs. 742.45. In the calendar year, the stock has given a return of 169.18 percent.

As of September 2024, Ace investor Ashish Kacholia has held a stake of 1.82 percent in the company, which had a holding value of Rs. 147.9 crore, with ownership of 19,90,500 shares.

The company’s revenue has increased by 60.43 percent, from Rs. 139 crore in Q2 FY24 to Rs. 223 crore in Q2 FY25. The net profit reached Rs. 48 crore in Q2 FY25, which has grown by 108.69 percent as compared to Q2 FY24.

Balu Forge Industries Limited (BFIL) was founded in 1989 and is a leading Indian manufacturer of fully finished and semi-finished forged crankshafts and components. Based in Mumbai, it specializes in producing components for the automotive and industrial sectors, including those meeting new emission regulations and energy vehicles.

3. Cosmic CRF Limited

With a market capitalisation of Rs. 1,307.58 crores, Cosmic CRF Limited’s share price is trading at Rs. 1595 per share, down by 1.59 percent from its previous close of Rs. 1620.75. In the calendar year, the stock has given a return of 159.22 percent.

As of September 2024, Ace investor Ashish Kacholia’s Dar’s Business Finance Private Ltd has held a stake of 6.52 percent in the company, which had a holding value of Rs. 147.9 crore, with ownership of 5,34,400 shares.

The company’s revenue has increased by 29.27 percent, from Rs. 123 crore in H1 FY24 to Rs. 159 crore in H1 FY25. The net profit reached Rs. 12 crore in H1 FY25, which has grown by 71.43 percent as compared to H1 FY24.

Cosmic CRF Limited was established in 2021 and specializes in manufacturing cold-rolled forming (CRF) products for the railway and construction sectors. Operating from Singur, West Bengal, the company produces components such as railway parts, sheet piles, and structures, with an annual capacity of 18,000 metric tons.