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