Ashish Kacholia has added Megatherm Induction to his portfolio in Q4FY24. He bought a 1.7% stake in the industrial machinery company.
Kacholia, Kedia make multiple portfolio changes in Q4FY24
With these new changes, Ashish Kacholia publicly holds 48 stocks with a net worth of over Rs 2,997.4 crore. Megatherm Induction listed on the stock exchange on February 5, 2024. The share price has increased by 166.7% from its listing price.
The ace investor also bought a 0.4% stake in Basilic Fly Studio during the quarter. He now holds a 2.8% stake in the movies and entertainment company. The firm listed on the stock exchange on September 11, 2023, and Kacholia added it to his portfolio in Q3FY24 via the purchase of a 2.4% stake. Since listing, its share price has grown by 280.4%.
During Q4FY24, Kacholia sold a 0.2% stake each in Safari Industries (India) and Universal Autofoundry. He now holds 1.9% in the apparel and accessories manufacturer and 8.3% in the auto parts manufacturer. Safari Industries ranks high on Trendlyne’s checklist, scoring 69.6%. It has high financial strength, with a Durability score of 65, but an expensive Valuation score. Safari Industries’ share price rose by 78.6% in the past year outperforming its industry, while Universal Autofoundry’s price rose 11.3%, underperforming its industry by 45 percentage points.
Kacholia also sold a 0.1% stake in Aditya Vision and now holds 1.9%. He had consistently held a 2% stake since Q1FY24 in the specialty retail company.
Recent stake changes by other superstars
Dolly Khanna cut her stake in Simran Farms to below 1% in Q4FY24. She has consistently reduced her stake in the packaged foods company for four consecutive quarters. Its share price has risen by 11.5% in the past year but underperformed the industry by 19.3 percentage points.
In Q4FY24, Vijay Kedia sold a 0.2% stake in Neuland Laboratories, and he now holds a 1.1% stake. The pharma company ranks high on Trendlyne’s checklist, scoring 82.6%. It has high financial strength, with a Durability score of 90, and moderately bullish Momentum, scoring 64. Neuland Laboratories’ share price grew by 237.6% in the past year, outperforming its industry by 174.8 percentage points. The marquee investor also sold a 0.1% stake in industrial machinery company, Elecon Engineering. He now holds a 1.34% stake in the company.
