Sachin Bansal buys stake in Multibagger stock which has grown by 350 per cent in 2 years

Sachin Bansal Shareholding Pattern

As per the shareholding pattern of West Coast Paper Mills Limited for the quarter July to September 2022, Sachin Bansal holds 1.8 million shares of the company in an individual capacity. These 18 lakh shares constitute about 2.73 per cent of the total paid-up capital of the company. However, in the company’s shareholding pattern from April to June 2022, Sachin Bansal’s name was missing from the list of individual shareholders who held 1 per cent or more of the company’s shares. This clearly establishes that an ace investor has purchased fresh shares of the company during the second quarter of the current financial year.

However, it cannot be established whether Sachin Bansal bought all these shares in one go or he bought all these shares during Q2FY23. As per the exchange rules regarding shareholding pattern, a listed company is bound to share the names of those shareholders who hold 1 per cent or more of the shares of the company. Hence, it cannot be said that Sachin Bansal bought all these shares during the recently ended September 2022 quarter as Sachin Bansal may have shares in the company after the end of June 2022 quarter, but the company has shared his name. Didn’t because his holding was below 1 percent. However, there is also a possibility that Sachin Bansal may have bought all these shares during July to September 2022 but he bought these shares in a calibrated manner. So, both possibilities exist but one thing is certain that Sachin Bansal bought fresh stake in the company during Q2FY23.

Here we would like to tell that the Sachin Bansal we are talking about here is different from the Flipkart fame Sachin Bansal.

West Coast Paper Mills Share Price History

West Coast Paper Share is one of the multibagger stocks in the Indian stock market. In 2022, this paper stock has given around 150 per cent return to its shareholders, whereas in the last two years, it has grown by approx. from 124 583 each level, is giving more than 350 percent returns to its investors.