Ashish Kacholia buys stake in this multibagger microcap stock during first quarter

Dhabriya Polywood, a microcap company with a market capitalization of just over Rs 400 crore, is a prominent manufacturer, supplier, and wholesaler of PVC doors, UPVC windows and doors, false ceilings and wall paneling, decorative fencing, engineered marble, Italian marble, artificial marble, designer walls, pillars, LCD walls, lift jambs, fireplaces, modular kitchen shutters, and modular furniture.

At 10:09 am, the scrip was trading 4.4% higher at Rs 387.1 on BSE. Over the last two years, the company has delivered returns to its investors, rallying nearly 200%. It has surged nearly 500% in the last three years and jumped over 87% in the past year.

In technical terms, the relative strength index (RSI) of the stock is currently at 71.7. An RSI below 30 is considered oversold, and above 70 is overbought, according to Trendlyne data. The MACD is at 14.5, which is above its center and signal line, indicating a bullish trend.

Moreover, the stock price is higher than the 5-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages.

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According to Trendlyne, which has collated the latest corporate shareholdings filed by Kacholia, the investor holds 46 stocks with a net worth of over Rs 3,267 crore. Some of the other stocks he has investments in include Man Industries, Zaggle Prepaid Ocean Services, Brand Concepts, and Vaibhav Global.

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