Ashish Kacholia adds new gem to his portfolio; stock surges 6%

New Delhi: Smallcap czar Ashish Kacholia has added a new stock, , to his portfolio. The Mumbai-based company is the flagship firm of Ador Group.

Latest data from Trendlyne showed the ace investor held 153,402 equity shares, or 1.1 per cent stake, in the company as of June 30, 2021. His stake was worth little over Rs 10.1 crore. His name was missing from the key shareholders of the company in the March quarter data.

Shares of Ador Welding surged as much as 6 per cent to Rs 699 on Monday but it gave up some gains to trade at Rs 674 at 11.20 am. BSE Sensex traded 273 points, or 0.52 per cent, higher at 52,660 at the same time. The stock had settled at Rs 658 on Friday.

Ador Welding produces a variety of welding products, industry applications and technology services, including welding consumables and welding and cutting equipment.

Trendlyne data, Kacholia also upped his stake in

to 1.7 per cent in June quarter from 1.3 per cent in March 2021 quarter. He has been constantly increasing stake in the company.

Kacholia holds a significant stake in more than three dozen companies, and most of them are yet to announce their shareholding data for the June quarter. He has also kept his stake unchanged in luggage manufacturer Safari Industries.

Ashish Kacholia is well known for his quality midcap and small ap picks such as Birlasoft, Mastek, Religare Enterprises, Poly Medicure, Apollo Tricoat Tubes, Acrysil, Phillips Carbon Black and Caplin Point Laboratories, among others.

Kacholia was recently in the news after placing an application for over two million shares worth about Rs 180 crore in the initial public offer (IPO) of Krishna Institute of Medical Science (KIMS).

However, he cashed out on strong listing gains and sold 4,23,005 shares of KIMS at Rs 959.59 per share on June 28, bulk deal data showed.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button