Ashish Kacholia marginally increased his stake in four existing holdings - Apcotex Industries, Agarwal Industrial Corporation, Tanfac Industries, and Aeroflex Industries - during the June quarter.
Aeroflex Industries share price: Since listing, the stock has gained over 100% from its IPO price.
The veteran investor seems to have seized of the selloff in Indian equities during the March quarter, adding nine new stocks to his portfolio along with increasing stake in five of his existing companies.
The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at Rs 68 crore for the quarter from Rs 33 crore in Q3FY24, reflecting a 107 percent increase.
Damani’s portfolio fell by 20 percent, declining from Rs 2 lakh crore in December 2023 to Rs 1.63 lakh crore. The drop is on account of a correction in Avenue Supermarts stock price and reduced holdings in VST Industries.
Ace investors Vijay Kedia and Ashish Kacholia have starkly opposite views on the newfangled phenomenon of SME IPO frenzy
The firms where Kacholia trimmed his stake include PCBL Ltd, Walchandnagar Industries, Repro India, Sastasundar Ventures, Shaily Engineering Plastics, NIIT Learning Systems, and Aditya Vision Ltd.
Inox Green board has approved a fundraise of Rs 1,050 crore via preferential issue
Issue proceeds will be utilized towards the expansion of existing unit and to meet the incremental working capital requirement as per the DRHP, the corn milling company said
These warrants may be exercised in one or more tranches within 18 months from the date of allotment of the warrants. Subscribers need to pay 35 percent of the issue price now while the rest can be paid 18 months from the date of allotment.
Kacholia added that the nature of market is such and that it would be difficult to predict how long it would continue for.
According to analysts, investing in the stock is a bet on India’s increasing per capita income and penetration of white goods into rural areas.
The Europe-based financial services group has bought 16.1 lakh shares, or 1.42 percent stake, in SAT Industries at an average price of Rs 85.05 a share
SAT Industries sold a 3.55 percent stake in Aeroflex Industries to Carnelian Structural Fund managed by Khemani and others for Rs 35.58 crore
SAT Industries sold 4.05 percent equity shares held in its material subsidiary, Aeroflex Industries Ltd, to Ashish Kacholia and Bengal Finance & Investments Private Ltd for an aggregate amount of Rs 40.56 crore.
The company, which retails consumer durables and electronics in the Hindi heartland of Bihar and Jharkhand, currently has 91 stores against 79 stores at the end of FY22
On the other hand, mutual funds and foreign portfolio investors (FPIs) trimmed their positions quarter-on-quarter in the stock.
Stocks in the portfolio of Kacholia in which he holds more than 1 percent stake include Majesco, Birlasoft, HLE Glasscoat, Vaibhav Global, Vishnu Chemicals and Paushak
In a regulatory filing on October 14, Marksans Pharma said Kacholia bought 50,99,945 shares during the quarter.
Karur Vysya Bank fell more than 40% so far in the year 2020, and Prozone Intu Properties fell by about 20%. On the other hand, Birlasoft rose 70% while Vaibhav Global rallied by about 90% in the same period.
Kacholia pared stake in two companies which fell more than 30 percent each year-to-date
The shares of these four companies have given positive returns since September 2019
Meanwhile, Axis Bank sold 90,00,000 shares of Religare Enterprises through a bulk deal on NSE for Rs 39.6 crore.
Stocks in the portfolio of market veterans such as Rakesh Jhunjhunwala, Dolly Khanna, and Ashish Kacholia as of September quarter mostly gave negative returns so far in 2019.
Ashish Kacholia bought 218,000 share of plastic moulded luggage manufacturer Safari Industries at Rs 550 per share on the BSE as per the data available on the exchange.