The stock market saw a good rise on Tuesday and the Nifty closed at 24213 with a gain of 219 points. During this time, stock-specific action is being seen in the market. Some stocks are continuously rising.
The stock of Walchandnagar Industries Ltd has been in the news for the last few days. On Tuesday, this stock had reached a gain of 10 percent. At the end of the day, the shares of Walchandnagar Industries Limited closed at the level of 318.70 after a gain of 8.45%. The market cap of this company is Rs 1.78 thousand.
Star investor Ashish Kacholia has a good investment in this small-cap stock Walchandnagar Industries and he has 17.54 lakh shares of the company, which is equal to a 3.2% stake in the company. Last week, this stock saw a stormy rise, due to which Kacholia's portfolio shone in the rise of this stock.
Walchandnagar Industries is a renowned heavy engineering and project management company. Specializing in EPC (engineering, production, and construction) and turnkey projects, the company provides high-tech manufacturing, engineering products, and engineering services.
Shares of Walchandnagar Industries have gained 15% in the last five trading sessions. The stock has gained 55 percent in the last six months. In the last 1 year, it has given a multi-bagger return of almost 100 percent to its investors.
According to the quarterly results, Walchandnagar Industries Limited recorded a revenue of Rs 79.17 crore in the first quarter of FY 25. The net loss in the first quarter of FY 25 was Rs 1.76 crore.
Looking at the annual performance of the company, the company earned a revenue of Rs 302 crore in FY 24, while it was Rs 322 crore in FY 23. The operating profit in FY 24 was Rs 1 crore, while the net loss was Rs 42 crore.
If we look at the shareholding pattern of Walchandnagar Industries Limited, the promoters hold a 31.55 percent stake in the company and general or retail investors hold a 67.84 percent stake.
FIIs and DIIs hold 0.31 percent and 0.28 percent respectively. In the September quarter, DIIs increased their stake from 0.15 percent to 0.28 percent.
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