Ashish Kacholia, known for his investments in small and mid-cap companies, has sold a 1.5% stake in packaged foods business ADF Foods in Q3FY24, reducing his holding to 1.2%. He held a 2.8% stake in Q2. Kacholia has reduced his stake in the company for two consecutive quarters.
Ashish Kacholia pares stake in ADF Foods
Over the past year, ADF Foods’ share price has risen by 32.1%, marginally outperforming its industry by 0.7% points. The company has high financial strength, with a Trendlyne durability score of 65 and middling valuation, scoring 34. Its PE ratio stands at 33.9, which is lower than its industry average of 73.6.
Meanwhile, the investor added textiles company Brand Concepts to his portfolio, buying a 1.4% stake. He also bought a fresh 2.4% stake in media company Basilic Fly Studio and added a minor stake in Aeroflex Industries. After the new filing, Kacholia’s public portfolio net worth stands at Rs 2,933.0 crore (this is likely to change as more holding updates come in).
Other superstar changes this Q3
Porinju Veliyath added a 1.6% stake in pharma company Kerala Ayurveda in Q3FY24. He now holds a 4.8% stake in the company and added a minor stake in metals firm P G Foils. His public portfolio net worth now stands at Rs 218.6 crore.
Mohnish Pabrai’s net worth currently stands at Rs 1,220.7 crore. He sold a 2.6% stake in petrochemicals company Rain Industries in Q3FY24. The investor had consistently held an 8.8% stake in the firm since Q2FY23 before he trimmed it to 7% in Q2FY24.
During the latest quarter, Dolly Khanna cut her stake in Monte Carlo Fashions and Som Distilleries & Breweries to below 1% in Q3FY24. In Q2FY24, she held 1.9% and 1.1% stakes in these companies, respectively. Khanna also reduced her stake in KCP Sugar & Industries Corporation to below 1%. She had bought a 1.3% stake in the company in Q2FY24 and added a 0.1% stake in Mangalore Chemicals & Fertilizers during Q3FY24.
Rakesh Jhunjhunwala’s portfolio, during the same period, cut minor stakes in software and services company Aptech, and banking major Federal Bank. With this, his public portfolio’s net worth stands at Rs. 49,310.3 crore.
