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