Shares of this smallcap integrated petrochemical company has skyrocketed 683% in the last 2 years

Shares of this smallcap integrated petrochemical company has skyrocketed 683% in the last 2 years

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 11.7k Views

During the September quarter, Ashish Kacholia acquired a 2.49% stake in this company’s shares.

Agarwal Industrial Corporation Limited (formerly known as Bombay Baroda Roadways (India) Limited), started in the year 1995 with the main objective to carry on the business of transportation of LPG and Bitumen throughout India. The Company is principally engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), Logistics of Bitumen and Liquefied Petroleum Gas (LPG) and energy generation through Wind Mills 

Ashish Kacholia aka ‘The Big Whale‘ acquired 3,72,128 shares or 2.49% stake in the company, as per the shareholding pattern of the company as on September 30, 2022.

Shares of Agarwal Industrial Corporation have skyrocketed in the last two years, giving 683 % price returns going from the levels of Rs 87 to Rs 680. On October 11, 2022, the stock logged a fresh 52-week high of Rs 745.70 a piece. The recent investment by the ace investor has brought the stock to the limelight, as such the share price has gained 44% in the last 3 months and 110% in the last one year.

The stock has also outperformed its benchmark index S&P BSE Smallcap which has given returns of 7.74% in the last 3 months and 1.81% in the last one year.

Shares of this BSE Smallcap stock command a market capitalisation of Rs 1008 crore, with 52weeks high and low of Rs 745.70 and Rs 311 respectively. In today’s session, the stock was quoting at Rs 691.25, up 1.59% from its previous close.

  

   

 

How do you rate this blog?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Swing Trading Stocks: Week of 3 October 2023

Swing Trading Stocks for the Week

  • Sep 29, 2023
Weekly Outlook on Gold - 29 September 2023

Gold prices are facing sustained pressure despite a backdrop of dollar weakness, a rare occurrence that coincides with a decline in yields on US Treasuries. Typically, the strength of the dollar and higher yields have been key components of the Federal Reserve's hawkish monetary policy.

  • Sep 29, 2023
Weekly Market Outlook for 3 October to 6 October

The last week of September turned out to be volatile as the markets corrected during the monthly expiry to test the 19500 mark. We witnessed a strong recovery in Friday’s session, and the index finally ended the week above 19600, with marginally weekly loss.

  • Sep 29, 2023