The shares of Best Agrolife Limited traded at Rs 6.97 a piece on BSE. From there it has spiked up to the current levels of Rs 1,274 thereby delivering a multibagger return of 18,200 per cent in 4 years. In a year, the stock has delivered a return of approximately 58 per cent.
If an investor would have bought shares worth 1 lakh their investment would be worth Rs 1.83 crores in just four years.
On Friday, the stock price declined by 4.8 per cent and closed at Rs 1,231 on BSE. In the last five days, the stock has added 33 per cent. So far this year the stock has added approximately 23 per cent.
According to the data available on NSE, Ace investor Ashish Kacholia has bought a fresh stake in the company with 3,18,000 shares at Rs 940.88 apiece. The total investment made by him in the company is Rs 29.91 Crores with a 1.34% stake in the company.
In Q1FY23, the company reported total revenue of Rs 423 crores, up 23 per cent from Rs 344 crores which it earned in the same quarter a year prior. In the previous quarter, their total revenue was Rs 258 crores.
Their net profit in the quarter under review stood at Rs 23 crores as compared to Rs 25 crores which it earned in Q1FY22. On a sequential basis, their net profit grew by 10 per cent from Rs 21 crores.
Best Agrolife Ltd. has been servicing the agrochemical industry of India and international markets, with its niche product offerings which ranged from Technicals, Intermediates & novel Formulations in the form of Insecticides, Herbicides, Fungicides, Plant-Growth Regulators, and Public Health Products.
The company has a market capitalization of Rs 2,986 crores. The promoters hold a 47.3 per cent stake and have pledged 0.65 per cent of their stake.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
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Bro
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Hone k baad kyu batate ho, hone wala hai tab batao na nalayako