Kacholia's 1-Day Mega Penny Stock Win

Kacholia's 1-Day Mega Penny Stock Win

by Tanushree Jaiswal Last Updated: Sep 13, 2023 - 04:15 pm 201 Views

About & Journey of Mr. Ashish Kacholia

Ashish Kacholia, a renowned investor, in the media world he is a man of few words. He shies away from journalists & interviews; he would rather let his portfolio do the talking. His reputation as the "whiz-kid" of the stock markets has been solidified through his strategic investments in various sectors.
Prime Securities, is where Kacholia's journey began, his skills are the part and parcel from there. Later, he worked for Edelweiss, gaining invaluable experience prior venturing into entrepreneurship. He established his broking firm, in 1995 called Lucky Securities.
Major role in his career played by collaboration. In 1999, alongside another market legend, Rakesh Jhunjhunwala, he co-founded Hungama Digital. However, it was in 2003 that he embarked on his solo investment journey, targeting small & mid-size companies across diverse sectors, including hospitality, education, infrastructure, & manufacturing.
Often referred to as the 'Big Whale' by the media, Kacholia's portfolio is a testament to his strategic prowess. As of June 2023, his public holdings include a staggering 41 stocks, collectively valued at over ₹ 2,461.4 Crores. Ashish Kacholia's success story is a testament to the power of astute investing & a low-key approach to wealth creation in the stock market.

What's the Deal?

The deal that has grabbed headlines involves Ashish Kacholia, a renowned investor, who made an impressive gain of ₹ 4,94,40,000 in just one day from a multibagger penny stock. The stock in question, NIIT Ltd, saw a remarkable surge in value, skyrocketing from ₹ 31.08 per share to an impressive ₹ 98.91 per share. This phenomenal growth translated into multibagger returns of 218 % in a mere three years.
Ashish Kacholia's investment in NIIT Ltd comprised 30,00,000 shares, amounting to a significant 2.23 percent stake in the company as of June 2023. The stock's price surged by 20 percent, reaching ₹ 98.91 per share from its previous closing value of ₹ 82.43. As a result, the astute investor pocketed a staggering ₹ 4,94,40,000 in just one trading day.

Importance of the Deal

This deal holds significant importance for several reasons. Firstly, it underscores the potential for substantial gains in the Indian stock market, even from penny stocks, if approached with the right strategy & timing. The stock's rapid ascent from a modest ₹ 31.08 per share to nearly ₹ 99 per share in three years demonstrates the wealth-building potential available to savvy investors.
Furthermore, Ashish Kacholia's success serves as a testament to the value of informed & strategic investing. His ability to identify & invest in promising companies like NIIT Ltd showcases the importance of thorough research & a well-thought-out investment approach.
In addition to the individual gains, NIIT Ltd's impressive performance highlights the company's growth & resilience. With a market capitalization of over Rs 1,331.49 crore & a 3-year stock price compound annual growth rate of 37 percent, it appears to be a company on the rise. Its positive financial results, including a substantial increase in net sales & profit, reinforce the belief in its potential.
Lastly, the deal sheds light on the significance of employee stock option plans (ESOPs) & corporate spin-offs. The allocation of equity shares to employees through ESOPs can play a crucial role in motivating & retaining talent within the organization. Additionally, the separation of the subsidiary as an independent entity can streamline operations & potentially unlock further value.

In conclusion, Ashish Kacholia's remarkable gain from NIIT Ltd exemplifies the wealth-building opportunities in the stock market & emphasizes the importance of informed investment decisions, positive company financials, & the strategic use of ESOPs in corporate growth.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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