ashish kacholia portfolio: Ashish Kacholia adds multibagger to portfolio in Q1, slashes stake in 7 others

Ace investor Ashish Kacholia added Venus Pipes & Tubes to his portfolio in the quarter ended June while paring stake in seven other stocks, including D-Link (India), Likhitha Infrastructure, Shaily Engineering Plastics and United Drilling Tools.

Kacholia’s 1.97% stake purchase in Venus Pipes comes on the back of a strong rally in the stock with multibagger returns of more than 240% in the last 12 months, which are almost 20 times higher than the returns given by S&P BSE Sensex during this period. In this year alone, the stock price has shot up 73%.

The decade-and-half-old company has a manufacturing unit in Gujarat’s Kutch and is known for its stainless steel products.

In Shaily Engineering, Kacholia pared his stake to 5.5% as of June ended quarter from 6.54% in the March quarter. Shaily has been a market underperformer and lost 29% in share price value over a 12-month period versus Sensex which has given 21% returns in this time. The profit booking could be attributed to the near 28% gains in the April-June quarter versus an 11% uptick in the 30-stock index.

In Likhitha, the top investor reduced his share by 0.24% in the June quarter to 1.77%. The stock has given multibagger returns of over 100% in the 1-year period. However, in the last three months, the stock has underperformed the benchmark with negative 2.5% returns.

Further, Kacholia brought his stake below 1% in the June quarter in five stocks viz. D-Link (from 2.11% in March), Goldiam International (from 1.01% in March), United Drilling Tools (from 2.81% in March) and Megastar Foods (from 1.13% in March), according to shareholding data available on BSE. In Creative Newtech, Kacholia reduced his stake to below 1% in June from 2.7% in May, according to Trendlyne.

Popularly referred to as a ‘Big Whale’, Kacholia publically holds 41 stocks with a net worth of over Rs 2,304 crore according to Trendlyne data. Kacholia has been able to grow his worth nearly 6X over the March 2020 net worth of Rs 393.68 crore, the Trendlyne data showed further.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

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