Ashish Kacholia stocks: Gravita India shares were locked in five per cent upper circuit after celebrity investor Ashish Kacholia bought over 3 lakh shares of the company in the quarter ended June 30, 2022.
A multibagger stock in terms of two years return yielded by the counter, the scrip surged by 4.99% or Rs 11.80 to Rs 248.10 per share in Wednesday’s intraday trade on the BSE. The stock of the company that caters to Industrial minerals segment has given more than 430% return in the past two years as on July 13, 2022. Despite the stock being under tremendous pressure in the last few months amid market volatility, the counter has clocked a return of around 50% in the last one year so far on Wednesday.
Fondly called as ‘Big Whale’ of the Indian market, Kacholia raised his stake by 0.46% in the company to 1.81% in April-June period. He holds 1249608 stocks (1.81%) in the recently concluded quarter against 933304 or 1.35% stake in Gravita India.
Established in 1992 at Jaipur, Rajasthan, Gravita India Ltd is one of the largest producers of Lead in India. It has diversified into manufacturing, International Trade, Turnkey Solutions in nonferrous metals, Plastics industry and in Information Technology. It has its offices and plants in India, USA, Singapore, Netherland, Srilanka, Ghana, Mozambique, Senegal, Tanzania, Jamaica, Mali, Mauritania, and Nicaragua.
As per the latest corporate filings, the ace investor holds 34 stocks in his diverse portfolio comprising hospitality, education, infra and manufacturing stocks in the June quarter. As on July 13, the net worth of these Ashish Kacholia’s portfolio is over Rs 1,543.6 crore, according to stock analysis platform trendlyne.com
Kacholia has marginally raised his stake in two chemical stocks—Yasho Industries and Fineotex Chemicals — in the April-June quarter. The investor now holds 296,322 equity shares of Yasho Industries against 291,231 shares in the March quarter.
Likewise, the celebrity investor raised his shareholding in Fineotex Chemical from 1.84 % in March to 1.93 % in the quarter ended June ’22. He holds 21,42,534 shares of the chemical company in April-June against 20,42,534 shares or 1.84 per cent stake in the March quarter.