This Ashish Kacholia Small-Cap Stock is Up 115% in 2021

Published 09-06-2021, 04:39 pm
Updated 09-06-2021, 04:41 pm
© Reuters.

By Aditya Raghunath

Investing.com -- Garware HiTech Films Ltd (BO:GARW), a small-cap stock where ace investor Ashish Kacholia has a 2.58% stake has more than doubled in 2021. The stock closed June 9 at Rs 899, up over 115% since its close on December 31, 2020.

Kacholia increased his stake in the company by 0.55 percentage points when he bought 1.28 lakh shares in May to take his stake to 2.58% from 2.03%. The stock, earlier called Garware Polyester, is in the business of manufacturing polyester film.

The company is one of the leading producers of sun control films globally and also it launched automotive paint protection films (PPF) as well recently. Life Insurance Corporation of India (LIC) held a 3.67% stake in the company as of March 31, 2021.

The company reported a 51% increase in profit after tax (PAT) to Rs 31.80 crore for the March 2021 quarter compared to Rs 21.07 crore in the March 2020 quarter. It reported a revenue of Rs 287.74 crore in the March 2021 quarter, up 30.4%from Rs 220.67 crore it reported in the year-ago period. And it reported revenue of Rs 989.03 for the whole of FY21, up 6.9% from Rs 924.83 crore in FY21.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.