Curated By: Business Desk
Last Updated: December 04, 2023, 14:53 IST
The firm has given 150% multi-bagger returns in 1 yr.
Kocholia has been within the information for investing Rs 6.57 crore in an organization that has been manufacturing bag packs and vogue-associated merchandise.
Nowadays, increasingly more persons are selecting to put money into the inventory market. Even although investing within the inventory market requires plenty of information, individuals have used this as a good way to speculate their cash. There are many merchants who’ve made a reputation for themselves within the inventory market. One such identify is Ashish Kacholia. He known as the “Big Whale” available in the market. Until September 2023, his portfolio dimension was Rs 2,618 crore.
Kacholia began his personal broking firm, Lucky Securities, in 1995. Later, he began Hungama Digital in 1999, together with Big Bull Rakesh Jhunjhunwala. In 2003, he began specializing in his personal portfolio and began constructing it. Currently, he has been within the information for investing in Brand Concepts Ltd., an organization that has been manufacturing bag packs and vogue-associated merchandise.
According to stories, Brad Concepts Ltd. has been making waves within the share marketplace for the final yr. In the previous yr, the multibagger inventory has given nearly 150 per cent returns to traders on the acquisition of their shares. Veteran investor Ashish Kacholia has additionally made an enormous funding in Brand Concepts shares. Reportedly, he has purchased one lakh fairness shares of the corporate from the open market. As per the information obtainable on the NSE, Kacholia has purchased these shares at a mean worth of Rs 657.55 per share and has invested a complete of Rs 6.57 crore on this inventory.
In the final buying and selling session, i.e., on Friday, the share worth of Brand Concepts elevated by 2 per cent and closed at Rs 657.55. In the final month, this inventory has risen by about 34 per cent. Apart from that, the inventory has additionally gained 98.96 per cent within the final six months. This implies that the corporate has doubled the cash of traders on this interval.
At the identical time, to this point in 2023, this inventory has given 125 per cent revenue to the traders. Talking concerning the inventory’s efficiency within the final yr, the share of Brand Concepts has jumped 144 per cent in 12 months. Reportedly, the worth of the inventory a yr in the past was Rs 269.45.
