News Orders & Deals Ashish Kacholia Adds Adcounty Media, TechEra Engineering While Exiting Fineotex in Q3 Portfolio ReshuffleAshish Kacholia Adds Adcounty Media, TechEra Engineering While Exiting Fineotex in Q3 Portfolio Reshuffle
Ashish Kacholia strategically reshuffled his ₹2,400 crore portfolio in Q3, adding Adcounty Media (2.89% stake) and TechEra Engineering (4.98% stake) while increasing positions in Gujarat Apollo and Knowledge Marine Engineering. He trimmed stakes in Vasa Denticity and Walchandnagar Industries, and completely exited Fineotex Chemicals. The moves came amid smallcap correction, reflecting tactical realignments rather than wholesale strategy changes.
*this image is generated using AI for illustrative purposes only.
Ace investor Ashish Kacholia executed a strategic portfolio reshuffle during the December quarter, making notable changes to his ₹2,400 crore equity portfolio. The moves came against the backdrop of a sharp correction in smallcap stocks, prompting tactical realignments across his holdings rather than wholesale exits.
New Portfolio Additions
Kacholia made two fresh additions to his portfolio during the quarter, both representing selective bottom-fishing opportunities in the current market environment.
| Stock | Stake Acquired | Shares | Performance Details |
|---|---|---|---|
| Adcounty Media | 2.89% | - | Down 60% from peak, -45% in 3 months |
| TechEra Engineering | 4.98% | 7.98 lakh | Down 46% from October high, -34% in 3 months |
Adcounty Media emerged as the first new entrant, with Kacholia acquiring a 2.89% stake in the digital advertising solutions provider. The company, which debuted on the BSE SME platform in July, had initially delivered multibagger returns within two months of listing but has since corrected sharply, trading nearly 60% below its peak.
TechEra Engineering became the second addition, with Kacholia picking up a 4.98% stake comprising 7.98 lakh shares according to Trendlyne data. Despite gaining 13% over the past year, the stock has faced recent pressure, declining 46% from its October record high.
Stake Increases in Existing Holdings
The veteran investor also strengthened his positions in two existing portfolio companies, demonstrating confidence in their long-term prospects.
| Company | Stake Increase | Total Holding | Recent Performance |
|---|---|---|---|
| Gujarat Apollo | +1.20% | 2.30% | -0.50% in 1 year, +71% in 5 years |
| Knowledge Marine Engineering | +0.10% | 2.90% | +50% in 1 year, +78% in 6 months |
Gujarat Apollo, a manufacturer of heavy machinery for mining, construction and road maintenance, saw Kacholia increase his exposure by 1.20%, bringing his total holding to 2.30%. The company specializes in crushing and screening equipment and has delivered 71% returns over the past five years despite recent weakness.
Knowledge Marine Engineering received a marginal 0.10% increase, taking Kacholia's stake to 2.90%. The marine services company, involved in dredging activities and operating pilot boats, patrol vessels and survey boats, has performed strongly with 50% gains in the past year.
Portfolio Reductions and Exit
Kacholia also made selective trims and one apparent complete exit during the quarter, reflecting a disciplined approach to portfolio management.
| Stock | Action | New Stake | Performance Impact |
|---|---|---|---|
| Vasa Denticity | Reduced by 0.50% | 3.50% | -14% in 1 year |
| Walchandnagar Industries | Reduced by 0.50% | 2.10% | -39% in 1 year, +134% in 5 years |
| Fineotex Chemicals | Complete exit | - | -70% in 1 year, +231% in 5 years |
Vasa Denticity, a B2B e-commerce platform for dental products supplying consumables, instruments and equipment to healthcare providers, saw a 0.50% stake reduction, bringing Kacholia's holding to 3.50%.
Walchandnagar Industries, the heavy engineering firm serving defence, aerospace, nuclear power and industrial machinery sectors, also faced a 0.50% trim, leaving Kacholia with a 2.10% position. Despite recent weakness, the stock has delivered multibagger returns of 134% over five years.
Fineotex Chemicals appears to represent a complete exit or reduction below the 1% disclosure threshold. The specialty chemicals and enzymes manufacturer, with exposure to textiles, home care, water treatment and other segments, has declined 70% over the past year despite generating 231% returns over five years.
Strategic Portfolio Positioning
Kacholia's December quarter moves reflect a measured approach to the current market volatility, combining opportunistic additions in beaten-down stocks with selective profit-taking and position adjustments. The portfolio changes demonstrate tactical realignments rather than fundamental strategy shifts, positioning for potential recovery while managing downside risks in the smallcap space.
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