Ashish Kacholia, Mukul Mahavir Agrawal take positions in a stock that has rewarded investors with 4 times return in 2 years

Multibagger Stock: Ace investors Ashish Kacholia and Mukul Mahavir Agrawal took fresh positions in Raghav Productivity Enhancers in the quarter ended December 2022, according to shareholding data available on the BSE. Raghav Productivity Enhancers, a smallcap stock, has rewarded investors with a return of more than four times over the past two years.  

Kacholia and Agrawal held stakes of 2.13 per cent and 1.64 per cent, comprising 2,31,683 and 1,78,074 equity shares, in Raghav Productivity Enhancers respectively in the December quarter, according to the data. Jaipur-based Raghav Productivity is in the business of electrodes and refractories.

Investors closely track changes in the portfolios of both Kacholia and Agrawal for stock ideas. Both are known for picking up multibagger stocks -- especially from the smallcap segment.

At Tuesday's intraday high of Rs 1,085, Raghav Productivity Enhancers shares have multiplied four-fold from Rs 270 apiece on January 8, 2021.

To put things in perspective, an investor's purchase of Raghav Productivity Enhancers shares worth Rs 1 lakh shares two years ago would have turned worth around Rs 4 lakh on January 10, 2023.

The Raghav Productivity stock is currently trading within inches of its 52-week high of Rs 1,121.2 apiece, touched on December 5, 2022. 

The stock has risen 16 per cent so far in 2023. In the past six months, it has rewarded investors with a return of 83 per cent. 

Kacholia, who is fondly called the Big Whale of Dalal Street, publicly holds 43 stocks with a net worth of over Rs 1,872.8 crore, as of January 8, 2023, according to stock analysis website Trendlyne. 

His portfolio includes stocks from spaces such as hospitality, education, infra and manufacturing.

Agrawal publicly holds 51 stocks with a net worth of over Rs 2,606 crore, as of January 8, 2023, according to Trendlyne.

Raghav Productivity Enhancers provides ramming mass minerals and refractory material in induction furnaces to its customers.