According to the latest shareholding pattern of Garware Hi-Tech, the investor in the September quarter held 9,24,577 equity shares or a 3.98% stake in the company. In the previous quarter, he owned 8,64,577 equity shares or a 3.72% stake.
Garware Hi-Tech was initially in the business of trading imported cars. Later, the company began polyester film manufacturing. Currently, the company is the leading manufacturer, supplier of high-quality, durable, and highly tensile polyester films internationally.
Similarly, the investor also increased his stake in another smallcap multibagger PCBL.
In the latest quarter, the investor-owned 70,56,173 equity shares or a 1.87% stake. While in the previous June ended quarter, his ownership was at 50,04,990 shares or a 1.33% stake. This suggests the addition of another 0.53% stake in the company during the period under review.
PCBL has delivered multibagger returns of 135% in the last three years, while its last one-year return has been at 21%.
PCBL, with a market capitalization of Rs 5,300 crore, is an RP-Sanjiv Goenka Group company. The company has over six decades of experience in the field of performance materials and specialty chemicals. PCBL is the largest carbon black manufacturer in India and a strong global player with a significant customer base in over 45 countries.