Ashish Kacholia has added Sanjivani Paranteral, a pharmaceuticals company in the March quarter, buying a 3.2% stake.
Kacholia, Rare Enterprises make multiple portfolio changes in Q4FY24
With these new changes, Kacholia publicly holds 47 stocks with a net worth of over Rs. 2,906.4 crore. The ace investor cut his stake in agrochemicals company Best Agrolife to below 1%. He held a 1.4% stake in the company in Q3. Over the past year, Best Agrolife’s share price has fallen by 42.3%, dramatically underperforming its industry by 50.8 percentage points. During the quarter, Kacholia also reduced his stake in houseware company La Opala RG from 1.7% to below 1%. He also cut his stake (0.1%) in Ami Organics, and now holds 2.1%
Besides the addition of Sanjivani Paranteral to his portfolio, most changes to Kacholia’s portfolio in Q4 are stake sales. Other superstar investors like Rare Enterprises, Radhakishan Damani, Mohnish Pabrai have also sold several stakes in companies in the March quarter, with few additions.
Recent stake changes by other superstars
During Q4FY24, Radhakishan Damani reduced his stake in department stores company Trent to below 1%. The investor has consistently held a 1.5% stake in the company for the past ten quarters. Trent’s share price has risen by 201.8% in the past year.
Rakesh Jhunjhunwala’s portfolio, currently handled by his wife Rekha Jhunjhunwala and Rare Enterprises, sold a 0.6% stake in Fortis Healthcare. The portfolio now holds 4.1% in the healthcare facilities firm. Jhunjhunwala’s portfolio also sold a 0.3% stake in cars & utility car maker, Tata Motors. It reduced its stake by 0.3% in an other telecom services company, Tata Communications, taking the holding to 1.6%.
In Q4FY24, Mohnish Pabrai sold a 2.6% stake in Edelweiss Financial Services. He now holds a 5.1% stake in the other financial services company.
During Q4, Dolly Khanna added housing finance company Repco Home Finance to her portfolio by buying a 1.1% stake. She also increased her stake in Zuari Industries by 0.6%. Khanna now holds a 1.8% stake in the sugar producer.
