When seasoned investors like Ashish Kacholia make an investment, traders take notice. Kacholia increased his stake in a smallcap company in the September 2023 quarter and trimmed holdings in two, according to the public shareholding data available on BSE.

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The investor has raised his stake in Faze Three to 5.4%, representing 13.17 lakh equity shares, in the quarter ended September 2023. He held a 5.23% stake at the end of the June quarter. Kacholia has been steadily increasing his stake in the smallcap company since September 2021.

According to SEBI regulations, companies are required to disclose names of investors holding a 1% stake or more in the company.

News of Kacholia’s stake purchase pushed the stock sharply higher in trade on Monday. The stock rallied as much as 13% on the BSE to scale a 52-week high of Rs 480.45. The scrip has gained 26% in the last five trading sessions.

The celebrity investor has reduced his stake in Safari Industries in the September-ended quarter to 2.1% from 2.29% during the April-June period. Since September 2021, Kacholia has been selling his stake in the company.

Shares of Safari Industries slipped 2.33% to Rs 4,210 on the NSE. Safari's year-to-date and 1-year gains of 148.63% and 142.39% exceed returns of 8.41% and 13.95% given by Nifty50 in the same timeframes.

Kacholia has also slashed his equity to 3.23% in SJS Enterprises in the September 2023 quarter. He held a 4.34% in the June 2023 quarter.

On Monday, the stock was trading almost flat at Rs 700.70 on the NSE. It has fallen 0.71% in the last one month.

Kacholia's profit-booking in SJS Enterprises comes on the back of huge returns given by the counter on YTD (22%) and 12-month basis (64%).

Fondly called the ‘Big Whale’ by media, Kacholia said that he likes his portfolio to speak for itself, and has recently built a reputation for being the "whiz-kid" of stock markets. He has investments in over twenty stocks, and has a varied portfolio that includes hospitality, education, infra and manufacturing stocks.

Ashish Kacholia publicly holds 46 stocks with a net worth of over Rs 2,780.6 crore, as per the latest corporate shareholdings filed.

First Published:Oct 16, 2023 3:59 PM IST