Ace investor Shankar Sharma has recently acquired a stake in Vertoz Advertising Ltd, an AI company listed on the NSE. As per the shareholding pattern for the January to March 2024 quarter, Sharma holds 4 lakh shares, representing approximately 2.20% of the company’s paid-up capital.
Notably, Sharma’s name did not appear in the shareholding pattern for the October to December 2023 quarter, indicating that he acquired this stake during the recently concluded fourth quarter of FY2023-24.
Vertoz Advertising has emerged as a multibagger stock in recent times. Over the past year, it has surged by more than 275%, delivering impressive returns to shareholders. In the last six months, the stock has appreciated by 150%, while in the last five years, it has surged by a staggering 1000%.
With a market capitalization of 3,433 crore and a current trade volume of 8,381, Vertoz Advertising is classified as a low float stock, which means its price can experience significant fluctuations based on market sentiment and specific triggers.
Sharma’s investment in Vertoz Advertising is a testament to the company’s growth potential and his belief in the AI sector. It remains to be seen how this investment will impact Vertoz Advertising’s future performance and shareholder returns.
