Ace investor Shankar Sharma has recently made headlines by acquiring a stake in the AI company, Vertoz Advertising Ltd, during the fourth quarter of the financial year 2023-24. Despite the stock’s impressive 275 percent surge over the past year, Sharma opted to invest in the company, owning approximately 2.20 percent of its total paid-up capital.
Sharma’s portfolio now includes 4 lakh shares of Vertoz Advertising Ltd, marking his entry into this multibagger stock. The company has shown remarkable growth, with its share prices climbing from around ₹475 to ₹810 within a year, registering a significant increase of over 70 percent. Over the past six months alone, the stock has risen by 150 percent, while its five-year performance reflects an impressive surge of 1000 percent.
This NSE-listed SME stock boasts a market capitalization of ₹3,433 crore, with a current trade volume of 8,381. The stock’s 52-week high stands at ₹905 per share, while its low is at ₹212.45. Despite being a low float stock, its recent performance has caught the attention of investors and market watchers alike.
It is important for potential investors to seek advice from certified experts before considering any investment decisions. The views and recommendations expressed by individual analysts or broking companies do not necessarily reflect those of Mint. However, given the latest developments in Shankar Sharma’s portfolio, Vertoz Advertising Ltd is a stock worth keeping an eye on, considering its remarkable growth trajectory in the AI sector.
As the market continues to evolve, opportunities like this multibagger stock serve as a testament to the potential returns that can be reaped from strategic investments in growing companies. With Sharma’s endorsement, Vertoz Advertising Ltd is likely to attract more attention from investors looking for lucrative opportunities in the dynamic landscape of the Indian stock market.
