NewsStocksAshish Kacholia's Portfolio Value Surges 12% to Rs 2,774 Crore in Q1 Despite Reduced Stock CountAshish Kacholia's Portfolio Value Surges 12% to Rs 2,774 Crore in Q1 Despite Reduced Stock Count
By ScanX News Team
Star investor Ashish Kacholia's portfolio value increased by 12% to Rs 2,774.00 crore in the June quarter, despite reducing the number of stocks held. He exited or reduced stakes in seven companies, including Yasho Industries and Jyoti Structures, worth approximately Rs 111.00 crore. Kacholia added Gujarat Apollo Industries to his portfolio and increased stakes in companies like Agarwal Industrial Corporation, contributing Rs 38.78 crore. His top holdings include Shaily Engineering, Beta Drugs, and Safari Industries. Additionally, he invested in Shree Refrigerations' pre-IPO round and committed funds to Sri Lotus Developers.
*this image is generated using AI for illustrative purposes only.
Star investor Ashish Kacholia has demonstrated his market acumen once again, as his portfolio value witnessed a significant uptick in the June quarter despite a reduction in the number of stocks held. This development highlights the seasoned investor's strategic approach to portfolio management in a dynamic market environment.
Portfolio Performance
Kacholia's portfolio value increased by an impressive 12% in the June quarter, rising to Rs 2,774.00 crore from Rs 2,478.00 crore in March. This growth is particularly noteworthy given that it was achieved while simultaneously reducing the number of stocks in his portfolio from the previous quarter.
Strategic Exits and Reductions
The star investor made several strategic moves during the quarter:
- Exited or reduced stakes in seven companies
- Notable exits include Yasho Industries, Jyoti Structures, Advait Infratech, NIIT Learning Systems, Awfis Space Solutions, and Universal Autofoundry
- The estimated value of these reductions amounts to approximately Rs 111.00 crore
New Additions and Increased Stakes
Kacholia also made calculated additions to his portfolio:
- Added Gujarat Apollo Industries to his portfolio, acquiring 1.25 lakh shares worth Rs 4.80 crore
- Increased stakes in Agarwal Industrial Corporation, Tanfac Industries, and Aeroflex Industries
- These additions contributed Rs 38.78 crore to his portfolio value
Top Holdings
Kacholia's top holdings as of the June quarter include:
| Company | Value (in crore) |
|---|---|
| Shaily Engineering | 269.60 |
| Beta Drugs | 213.00 |
| Safari Industries | 182.70 |
Additional Investments
The investor has also shown interest in upcoming market opportunities:
- Invested Rs 12.20 crore in Shree Refrigerations' pre-IPO round
- Committed Rs 50.00 crore to Sri Lotus Developers, set for November 2024
This portfolio update reflects Ashish Kacholia's active management style and his ability to identify potential growth opportunities in the market. The significant increase in portfolio value, despite a reduction in the number of stocks, underscores the effectiveness of his investment strategy in the current market conditions.
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