‘Big Whale’ Ashish Kacholia buys three new stocks, ups stake in six stocks
Ace stock market investor Ashish Kacholia was fairly active in the last quarter building and retuning his portfolio that is already worth over $220 million. In the last quarter ended June 30, he picked up at least three new stocks, marginally increased his holding in six companies and cut his stake partially or fully in a handful of portfolio companies.
Kacholia, who largely dabbles in the small cap space, held at least a 1% stake in 38 stocks as of June 3, including four stocks he held as of March 31, 2021, but are yet to disclose their latest shareholding.
That said, the actual number of stocks he holds could be much higher including stocks where he holds under 1% stake.
What he bought
Kacholia had added seven stocks to his portfolio during the three months ended December 31. These were Igarshi Motors India, Yasho Industries, La Opala, Bharat Bijlee, SJS Enterprises, Genesys International and United Drilling Tools. He picked up four new firms in the first quarter of 2022: Stove Kraft, Gravita India, Fineotex Chemical and Creative Newtech.
In the April-June quarter, he bought shares of restaurant chain operator Barbeque-Nation Hospitality, Inflame Appliances and Repro India.
These apart, he also bought additional shares of six existing portfolio companies, including two companies he just added to the portfolio early this year: Gravita India and Fineotex Chemical, indicating he is bullish on the stocks.
Kacholia also bought more shares of La Opala, Faze Three, Xpro and United Drilling.
What he sold
It was not all buy-buy activity for Kacholia last quarter. He also snipped his stake or exited a clutch of firms during the three months ended June 30.
He cut his holding in Mold-Tek Packaging, Vishnu Chemicals, Mastek, ADF and Acrysil.
His stake in Igarshi Motors fell below 1% last quarter. This could mean he completely exited them or cut his stake while retaining a small position.
Meanwhile, he maintained his position at the same level in stocks such as NIIT, Ador Welding, VRL Logistics, Vaibhav Global, PCBL, Shaily Engineering Plastics, Safari Industries, Stove Kraft and TARC.
In a significant development for India's financial landscape, JP Morgan Chase & Co. recently announced its decision to include Indian government bonds in its emerging markets bond index, starting from June 2024. This momentous move holds the promise of attracting substantial foreign investments, potentially injecting up to $25 billion into India's domestic government securities market.
- Sep 25, 2023
Why to go for Loss to Profit Business? Potential for Rapid Growth: Companies that have turned around from losses to profits often have room for rapid growth. As they fine-tune their operations and strategies, they may experience significant increases in revenue and profitability. Undervaluation: Market sentiment may lag behind a company's actual performance.
- Sep 25, 2023