scorecardresearchThis Ashish Kacholia stock turned ₹10,000 to ₹1 lakh in just 1 year

This Ashish Kacholia stock turned 10,000 to 1 lakh in just 1 year

Updated: 21 Apr 2022, 07:56 AM IST
TL;DR.
The stock has jumped from around 106 in April last year to currently trade at 1,400, skyrocketing as much as 1,213 percent. In comparison, the benchmark Nifty is up around 20 percent in this period.
The stock has jumped from around  <span class='webrupee'>₹</span>106 in April last year to currently trade at  <span class='webrupee'>₹</span>1,400, skyrocketing as much as 1,213 percent. In comparison, the benchmark Nifty is up around 20 percent in this period.

The stock has jumped from around 106 in April last year to currently trade at 1,400, skyrocketing as much as 1,213 percent. In comparison, the benchmark Nifty is up around 20 percent in this period.

Microcap stock Xpro India, a consistent stock in ace investor Ashish Kacholia's portfolio, has given exponential returns to its investors in the last 1 year rallying over 1200 percent in this period. It has jumped from around 106 in April last year to currently trade at 1,400, skyrocketing as much as 1,213 percent. In comparison, the benchmark Nifty is up around 20 percent in this period.

An investment of just 10,000 in the stock a year ago would have turned to 1.3 lakhs currently.

Just in the last 6 months, the stock has doubled investor money delivering around 110 percent return.

Article
Xpro India stock price trend

Xpro India is a Birla Group firm, which is engaged in manufacturing packaging material for capacitors and liners for refrigerators. Currently, it is the only firm to make packaging material for capacitors in India, and there is no competitor as the business is capital-intensive.

In the March quarter, the ace investor Ashish Kacholia raised his stake in this stock by 0.68 percent from 2.89 percent or 3.4 lakh shares to 3.57 percent or 4.2 lakh. Kacholia has raised his stake in this multibagger stock despite over 1200 percent rise in the last one year.

In the December quarter, the firm's net profit rose over 89 percent tp 11.62 crore from 6.14 crore in the year-ago period. Meanwhile, its net sales were up 9 percent to 111.25 crore in December 2021 quarter from 101.96 crore in the same quarter last year.

On an annual basis, the firm reported a 1,987 percent rise in net profit for the fiscal ended March 2021. Net profit rose to 8.35 crore in the last fiscal against 0.40 crore profit for March 2020 fiscal.

However, it is important to note that microcap stocks are very high-risk stocks and investors should mostly avoid such stocks and only very high-risk investors with a fundamental knowledge of the markets should consider investing in them. While they give massive returns in small periods, the risks associated are also excruciatingly high. Also, investors must consult their financial advisors before buying these stocks.

Disclaimer: This story is for educational purposes only. Please speak to an investment advisor before making any investment decisions.

 

Article
What are multibagger stocks
First Published: 21 Apr 2022, 07:56 AM IST