Ace Investor:Ashish Dhawan holds 15 stocks worth Rs 2000 crore; one of them is the top gainer on June 30

At 12:16 pm, on June 30, the shares of Max India Ltd are up 2.29 % and trading at Rs 71.5

Ashish Dhawan is one of the top investors in India. He currently has a net worth of Rs 2,000 crore and publicly holds 15 stocks in his portfolio. He is known for his private equity investments. He co-founded one of India’s leading private equity funds, “Chrysalis Capital”. He started India’s first liberal arts university, ‘Ashoka University’ as philanthropic work.

IDFC Ltd, Mahindra & Mahindra Financial Services, Greenlam Industries Ltd, Glenmark Pharmaceuticals Ltd, and Arvind Fashions Ltd are the top five stocks in his portfolio.

One of the companies in his portfolio, Max India Ltd is one of the top gainers today. At 12:16 pm, on June 30, the shares of Max India Ltd are up 2.29% and trading at Rs 71.5. Ashish Dhawan holds around Rs 112 crore worth of shares of Max India Ltd. The company belongs to S&P BSE Small cap index and the company has a market capitalisation of Rs 388 crore.

Max India Ltd is the holding company and has 6 wholly-owned subsidiaries and joint ventures with companies- Forum I Aviation Private Limited and Contend Builders Private Limited.

The company has poor financials. It reported consecutive losses for the last 8 quarters. The Q4 net sales were reported at Rs 32.68 crore, a 16.2% decline on YOY basis. The promoter of the company holds 40.89%, whereas 8.9% is held by FIIs and DIIs; and the remaining 50% is owned by the public. The company is almost debt-free.

The shares of the company are trading below their book value of Rs 118. The stock has a 52-week high and low of Rs 84.55 and Rs 66.4, respectively. The stock has risen around 7% in the last 2 weeks.