Ashish Kacholia Portfolio: Speciality Retail Stock Okays Special Dividend of Rs 5.10; Bet?

As of Thursday's BSE closing session, Aditya Vision Ltd., a small-cap company in the consumer discretionary group, has a market valuation of Rs 4,415.60 Cr. With its headquarters located in Patna, Bihar, Aditya Vision is a multi-brand consumer electronics retail network. Today, Aditya Vision is a well-known brand in Bihar for consumer electronics, selling over 10,000 products ranging from electronic gadgets like laptops, tablets, and mobile phones to entertainment options like TVs, sound bars, home theaters, cameras, and accessories. Aditya Vision also sells small appliances and kitchenware like air fryers, chimneys, soup makers, cooktops, and dishwashers across a variety of domestic and international brands. With more than 100 outlets spread over Bihar, Jharkhand, and Uttar Pradesh (Purvanchal), it has a robust and expanding network. Aditya Vision's shares closed 7.94% higher on the BSE today at Rs 3444.60 a share, following the Board of Directors' announcement of a 51% special dividend for FY24.

Aditya Vision Dividend

"In Compliance of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. Wednesday, March 20, 2024 have, inter alia considered and approved following businesses: Declaration of special dividend as an interim dividend of 51% or Rs 5.10 on face value of Rs 10/- each per equity share for the financial year 2023-24, to commemorate Company's 25th year of existence. Further, it is to inform that Friday, March 29, 2024 shall be reckoned as the "Record Date" for the purpose of determining the entitlement of shareholders for payment of Interim Dividend. The payment shall be paid within 30 days from the date of declaration," said Aditya Vision in a regulatory filing.

Aditya Vision News

The company recently on 18th March announced the opening of 2 showrooms at City Centre, Sector 4, Bokaro Steel City, Bokaro, Jharkhand-827004-(139th Showroom) and Station Road, Barh, Bihar-803213-(140th Showroom).

Aditya Vision Share Price Target

"Aditya Vision Ltd, a leading multi-brand and multi-product retail chain of consumer durables based in Bihar, is essentially a small cap company with a total market cap of Rs. 4,006 crores. The company operates around 16 stores or outlets in the state. During the day, the stock surged nearly 8% intraday, ending the day at 3473. Notably, its price remains in the moderate buying range and could be bullish for the mid-term. Individuals can plan to buy this stock at the Rs. 3340-3470 range while following a strict stop loss at Rs. 3030. I advise traders and investors to keep the target expectation for this stock between Rs. 3600-4050 for 1 to 5 months. Since it is a small-cap company, I urge investors to keep their exposure to the stock limited," said VLA Ambala SEBI RA and Founder of Stock Market Today.

Ashish Kacholia Stake In Aditya Vision

As per the shareholding pattern of Aditya Vision for the quarter ended December 2023/Q3FY24, ace investor Ashish Kacholia held 2,39,506 shares of the company in his portfolio which is 1.87% of the total paid-up share capital of Aditya Vision.

Disclaimer

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