The final quarter of FY25 was marked by volatility. US President Trump’s ‘Liberation Day’ tariffs, announced in April, sparked trade war concerns and added to the uncertainty. India and the US are now actively discussing the first phase of a Bilateral Trade Agreement. US Commerce Secretary Howard Lutnick mentioned that around 7,000 tariff lines could be modified or changed under the deal.
To invest in a changing market, people closely follow superstar investors like RARE Enterprises, Ashish Kacholia, Sunil Singhania, and Vijay Kedia for insights into the market. Their buying and selling activity helps retail investors identify promising sectors and stocks. We take a look at their top buys in Q4FY25.
(You can now invest in shadow superstar baskets available on Starfolio, which are updated and rebalanced in line with Trendlyne's superstar portfolios).
In Q4, most superstar investors stayed cautious as markets turned volatile, making fewer additions and more stake sales, continuing the trend from the December quarter. The chart below shows changes in their current public portfolio net worth.
Superstar net worth includes current holding changes, as well as new buys and sells.
Each superstar investor's portfolio reflects their unique investing style and sector preferences. The chart below highlights the dominant sectors in each investor’s public portfolio.
Sector preferences vary among superstar investors – RARE Enterprises leans towards the textiles, apparels & accessories sector, while Ashish Kacholia favours general industrials. Sunil Singhania focuses on the metals & mining sector, and Vijay Kedia’s preferred industry is automobiles & auto components. Dolly Khanna leans more towards the oil & gas industry, and Porinju Veliyath’s top sector is software & services.
Ashish Kacholia made the highest number of new investments in Q4, adding six new companies to his portfolio. His new picks lead the list of best-performing stocks over the past quarter. One of Dolly Khanna’s stocks also features in this list. Here’s a look at the top-performing stocks held by superstar investors.
Kacholia’s Qualitek Labs topped the list with a 11.3% rise over the past quarter, followed by Infinium Pharmachem. Among Dolly Khanna’s holdings, Polyplex Corp gained 8.8% during the same period.
Porinju’s M M Rubber Company and Kacholia’s Z-Tech have dipped slightly during the quarter, with both falling around 1.5%. Meanwhile, GHCL and Concord Control declined by 7.2% and 8.1%, respectively.
RARE Enterprises adds a minor stake in a banking stock
Rakesh Jhunjhunwala’s portfolio, currently managed by Rekha Jhunjhunwala and RARE Enterprises, has risen by 16.2% to Rs 57,245 crore as of May 12. During Q4, RARE Enterprises only made a minor stake increase in a banking stock.
RARE increased a minor 0.1% stake in Federal Bank in the March quarter. The portfolio now holds a 1.5% stake in this banking stock. Over the past year, the bank’s share price has increased by 21.6%, outperforming its industry by 5.6% points. It also has an affordable valuation score of 66.5.
RARE also bought minor stakes in Canara Bank and Titan during the quarter, taking its holding to 1.5% and 5.2% in the banking and gems & jewellery companies, respectively.
Ashish Kacholia adds six new companies in Q4
Ashish Kacholia’s net worth has declined by 21.3% to Rs 2,506.8 crore as of May 12. During the quarter, the ace investor added six new companies to his portfolio and raised stake in one firm.
Kacholia’s biggest buy during the December quarter was Qualitek Labs, a consulting services company. The investor bought a 5.1% stake in the company. The company’s share price has increased by 92.8% over the past year, outperforming its industry by 98.2% points.
During Q4, he acquired a 4.6% stake in Infinium Pharmachem. Over the past year, the pharma company has risen by 31.6%, outperforming its industry by 11.5% points. Kacholia also added construction & engineering company Z-Tech (India) by buying a 3.5% stake. The firm has surged 405.5% in the past year, and outperformed its industry by 395.5% points.
The marquee investor added Thomas Scott, a textiles company, in the March quarter, buying 2.4%. The company has a high durability score of 60. Kacholia’s portfolio also revealed a 1.9% stake in wires & cables maker Quadrant Future Tek. The company debuted on the bourses on January 14, 2025, with its IPO oversubscribed by 186.7x.
Kacholia also added a 1.2% stake in Concord Control to his portfolio in Q4. The electronic components manufacturer has risen by 74.4% over the past year. It features in a screener of companies with low debt.
He increased his stake in Tanfac Industries by 0.4%, bringing his holding to 1.6%. Tanfac has a high Durability score of 75 and ranks high on Trendlyne’s checklist with a score of 65.2%.
Sunil Singhania’s Abakkus Fund discloses stake in a recently listed company
Sunil Singhania’s Abakkus Fund saw its net worth fall by 21.6% to Rs 2,339.7 crore as of May 6. The fund disclosed a 1.3% stake in a water management solutions company during the March quarter.
Denta Water and Infra Solutions debuted on the bourses on January 29, 2025, with its IPO oversubscribed by 221.7 times. The stock has risen marginally by 0.3% over the quarter. The company has strong financials, with revenue and net profit rising by 13.7% and 127.3%, respectively, in Q3FY25. It appears in a screener of stocks showing rising quarterly net profit and profit margin (YoY).
The fund also marginally increased its stake in Technocraft Industries and HG Infra Engineering, now holding 2.4% and 1.4% in these companies, respectively.
Vijay Kedia makes no new buys in Q4
Vijay Kedia's net worth has fallen by 31.2%, reaching Rs 1,347.2 crore as of May 12. He has remained relatively quiet in recent months, making no new purchases or increasing stakes during the quarter. However, he has sold stakes in a few companies.
Dolly Khanna adds two new companies in Q4, raises stakes in eight
Dolly Khanna's net worth increased by 11%, reaching Rs 533.7 crore as of May 6. She publicly holds 17 companies and continued to expand her portfolio in Q4 by adding two new companies and increasing stakes in eight others. Her new investments include a 1.2% stake in Polyplex Corp, a packaging films maker, and a 1% stake in GHCL, a commodity chemicals manufacturer.
Both companies have high Valuation scores, indicating they are attractively priced. Over the past year, Polyplex Corp's share price has risen by 45.2%, while GHCL’s increased by 24%.
During Q4FY25, Khanna also bought a 1% stake in Som Distilleries & Breweries, raising her holding to 2.4%. She increased her stake in Prakash Industries by 0.8%, now holding 2.1%. Both companies have high Trendlyne checklist scores of over 60.
Additionally, Khanna added a 0.4% stake each in Prakash Pipes, Mangalore Chemicals & Fertilizers, and 20 Microns. Her holdings in these companies are now 4.1%, 2.2%, and 1.7%, respectively. All three have outperformed their industry price change over the last quarter.
The ace investor also raised her stake by 0.2% in Stove Kraft and 0.1% in KCP Sugar during Q4. Her current stakes in these companies are 1.3% and 19%, respectively. Khanna increased her stake slightly in Savera Industries as well.
Porinju Veliyath adds two new companies to his portfolio in Q4
Porinju Veliyath's net worth decreased by 40.4%, reaching Rs 176.8 crore. During the March quarter, he added Apollo Sindoori Hotels to his portfolio, acquiring a 1.7% stake in the hotels company. The company’s share price has fallen by 24.1% over the past year, underperforming its industry by 37%. However, it has a high Durability score of 65.
Veliyath also bought a 1% stake in M M Rubber Company, a rubber products manufacturer. The company features in a screener of stocks with zero promoter pledges.
Additionally, Veliyath acquired a 0.1% stake in IT software company Aurum Proptech, increasing his holding to 6%. The company's share price has risen by 22.7% in the past year, outperforming its industry by 12.3%.
