Renowned investor Ashish Kacholia has made a significant move in the stock market, acquiring a 2.71% stake in V-Marc India during the September quarter. This investment comes as the smallcap wire and cable manufacturer continues to demonstrate impressive market performance.

V-Marc India's Stellar Performance

V-Marc India, founded in 1996, has shown remarkable growth in recent years:

The company's stock closed at Rs 542.00 on Friday, marking a 5.5% gain. Currently, V-Marc shares are trading above both their 50-day and 200-day moving averages, indicating a strong upward trend.

Technical Indicators

Investors should note the following technical indicators:

These figures suggest that the stock might be approaching a resistance level or could potentially see a short-term pullback.

Ashish Kacholia's Portfolio Update

Kacholia's investment in V-Marc India adds to his diverse portfolio:

• Total portfolio value: Rs 2,941.00 crore
• Number of stocks: 50

Recent portfolio changes include:

• Addition: Jain Resource Recycling (pre-IPO allocation)
• Reduction: Stake in Jyoti Structures (now below 1%)

This latest acquisition of V-Marc India shares demonstrates Kacholia's continued interest in high-growth smallcap companies.

While V-Marc India's performance has been impressive, investors should conduct thorough research and consider market risks before making investment decisions. The stock's current overbought status, as indicated by technical indicators, warrants careful consideration.

V Marc , a prominent player in the Indian manufacturing sector, has announced a significant expansion of its business portfolio. The company has established a new subsidiary named V-Marc Defence and Aerospace, marking its entry into the strategic defence and aerospace manufacturing domain.

New Venture Details

The newly formed company, V-Marc Defence and Aerospace, will focus on the production of specialized parts for the defence and aerospace industries. This move represents a strategic diversification for V-Marc, potentially opening up new revenue streams and growth opportunities.

Strategic Implications

This expansion into defence and aerospace manufacturing could position V-Marc to capitalize on India's growing emphasis on domestic defence production and the government's push for 'Make in India' in the defence sector. The aerospace industry, both civil and military, also presents significant opportunities for growth and technological advancement.

Market Outlook

The defence and aerospace sectors are known for their high-tech requirements and stringent quality standards. V-Marc's entry into this space suggests confidence in its manufacturing capabilities and a long-term vision for growth in high-value sectors.

While specific details about the types of parts to be manufactured or potential contracts are not yet available, this move could potentially enhance V-Marc's market position and technological capabilities in the long run.

Investors and industry observers will likely be watching closely to see how this new venture unfolds and its impact on V-Marc's overall business strategy and financial performance in the coming quarters.