Curated By: Business Desk
Last Updated: November 06, 2023, 12:31 IST
This year has witnessed a sharp increase in the stock price of packaging products manufacturer AGI Greenpac. The investment portfolio of seasoned investor Ashish Dhawan includes this multi-bagger stock, which has quadrupled investors’ returns. Dhawan has long held shares in AGI Greenpac in his portfolio. AGI Green Pac’s shares closed at Rs 965 on the NSE on Friday, up around 8 per cent from the previous trading session. The stock was listed at Rs 980.95 till the filing of this report.
AGI Greenpac stock has climbed by 80 per cent during the past six months. In 2023, the stock has increased by 197 per cent so far. In a year, investors have received a whopping return of almost 208 per cent from this multi-bagger stock. In the last five years, this share’s price has climbed by 1,228 per cent. Indian investor Ashish Dhawan has a 4.8 per cent stake in AGI Greenpac. According to Trendline data, till September 2023, held 31 lakh shares of the company.
Ashish Dhawan’s shares of AGI Greenpac Limited have produced enormous profits, making him wealthy in just a year. AGI Greenpac’s share price was Rs 313.50 on November 7 last year. It has now gone up to Rs 965. Dhawan has profited by Rs 652 per share in this manner. Multiplying this by thirty-one lakh shares yields a profit of Rs 2,021,200,000.
HSIL Limited was the previous name of AGI Greenpac Limited. AGI Greenpac produces a range of packaging products, such as polythene, terry plate bottles and products, glass containers and specialised glass. Following its 2011 acquisition of Garden Polymers Private Limited, the company began producing pet bottles.
In relation to its most recent acquisition plan for Hindustan National Glass (HNG), the nation’s oldest glass factory, AGI Greenpac is actively seeking to resolve court-related concerns. Chief Financial Officer Sandeep Sikka expressed optimism that the issue will be resolved in three to four months. The Competition Commission of India (CCI) has received a plea from the Independent Sugar Corporation (INSCO) contesting the commission’s endorsement of AGI Greenpac’s plans to acquire HNG. Nevertheless, the National Company Law Appellate Tribunal’s (NCLAT) New Delhi court rejected the case. The Supreme Court is now considering the case.
(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. News18 will not be responsible for any loss caused to you)