Curated by: Business desk
Latest version: December 04, 2023, 2:53 PM IST
The company has given a multi-bagger return of 150% in 1 year.
Kocholia is in news for investing Rs 6.57 crore in a company that manufactures bag packs and fashion-related products.
Nowadays, more and more people are choosing to invest in the stock market. Although investing in the stock market requires a lot of knowledge, people have used it as a great way to invest their money. There are many traders who have made a name for themselves in the stock market. One such person is Ashish Kacholia. He is called “Big Whale” in the market. As of September 2023, its portfolio size was Rs 2,618 crore.
Kacholia started his own broking company, Lucky Securities, in 1995. Later, he started Hungama Digital in 1999 with Big Bull Rakesh Jhunjhunwala. In 2003, he started focusing on his own portfolio and started building it. Currently, he is in the news for investing in Brand Concepts Limited, a company that manufactures bag packs and fashion-related products.
According to the report, Brad Concept Limited has made waves in the stock market over the past year. Over the past year, Multibagger stock has given investors nearly 150 percent returns on their share purchases. Veteran investor Ashish Kacholia also made a big investment in Brand Concept shares. It is reported that he bought one lakh equity shares of the company from the open market. According to information available with NSE, Kacholia bought these shares at an average price of Rs 657.55 per share and invested a total of Rs 6.57 crore in this stock.
In the last trading session, i.e. Friday, the share price of Brand Concept rose 2 percent and closed at Rs 657.55. Over the past month, this stock has risen nearly 34 percent. Apart from that, the stock has gained 98.96 percent in the last six months. This means the company has doubled the investors’ money during this time.
At the same time, so far in 2023, this stock has given investors a profit of 125 percent. Talking about the stock’s performance over the past year, Brand Concept’s shares have gained 144 percent in 12 months. According to reports, the stock was priced at Rs 269.45 a year ago.
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