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Super Investor Ashish Kacholia Adds These 5 Companies To His Portfolio In Q3 Fy24

20 February 20245 mins read by Angel One
Among these stocks, one stock hit the upper price limit of 5% today, sellers were not ready to sell their shares, leaving buyers disappointed.
Super Investor Ashish Kacholia Adds These 5 Companies To His Portfolio In Q3 Fy24
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Super investors, known for their deep market insights, have a track record of making wise investment choices. They often deploy substantial capital, far beyond the reach of ordinary retail investors. This presents a liquidity challenge, as it may not always be easy to find sellers willing to trade such large quantities at a specific price point.

In the stock market world, even a mere indication of interest from a super investor can significantly impact the psychology and biases of retail investors toward the stock or company they are considering for investment. Furthermore, the increased ownership by these prominent investors attracts attention from analysts and the media, resulting in extensive coverage of these companies. This heightened exposure can generate further interest from investors, potentially driving up the stock price.

Ashish Kacholia is a renowned investor with an impressive track record. In this article, we will explore the five stocks from his portfolio where he has built fresh positions in these companies.

Basilic Fly Studio Limited

Incorporated in 2016, Basilic Fly Studio Limited is a visual effects (VFX) studio headquartered in Chennai, India, with subsidiaries operating in Canada and the UK.

The company’s stock debuted on the Indian market on September 11, 2023, at Rs 271 per share, and it is currently trading at Rs 431.90 per share on the NSE. During the same period, the stock delivered an impressive return of around 60% to its shareholders.

In Q3 FY24, Ashish Kacholia bought a 2.35% stake in the company, currently valued at Rs 23.34 crore.

Brand Concepts Limited

Brand Concepts is engaged in the manufacturing of bags, backpacks & fashion accessories for the Indian & International markets.

The company’s stock is currently trading at Rs 767 per share on the BSE. Moreover, it hit the upper circuit price limit of 5% today. Additionally, the stock has delivered an impressive multibagger return of around 225% in the past year.

In Q3 FY24, super investor Ashish Kacholia bought a 1.44% stake in the company, currently valued at Rs 12.15 crore.

Sky Gold Limited

Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery. The co. follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores that sell these products through online platforms and retail stores.

The company’s stock is currently trading at Rs 1140 per share on the BSE. The company’s stock has delivered an impressive multibagger return of around 270% in the past year.

In Q3 FY24, Ashish Kacholia bagged a 3.09% stake in the company, currently valued at Rs 45.71 crore.

Tanfac Industries Limited

Incorporated in 1972, Tanfac Industries Ltd is amongst the leading producers of Hydrofluoric Acid and its derivatives.

The company’s stock is currently trading at Rs 1974 per share on the BSE. The company’s stock has delivered an impressive multibagger return of around 90% in the past year.

In Q3 FY24, Ashish Kacholia bought a 1.19% stake in the company, currently valued at Rs 23.41 crore.

Updater Services Limited

Updater Services offers integrated facilities management services and other related services. Its service portfolio caters to the needs of diverse customer segments across a range of sectors, including FMCG, manufacturing and engineering, banking, and financial services.

The company’s stock is currently trading at Rs 345.30 per share on the BSE. The company’s stock has delivered an impressive return of around 22% in the past three months.

In Q3 FY24, Ashish Kacholia got a 1.96% stake in the company, currently valued at Rs 45.13 crore.

Investors must keep these stocks on their radar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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