Ace investor Ashish Kacholia dumped these 5 stocks. Here’s all you need to know.

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Subscribe to enjoy similar stories. Ashish Kacholia, ace investor and director of Lucky Investment Managers Pvt Ltd, recently walked away from five stocks. If you are an investor in the Indian stock markets, chances are you've heard of him.

Kacholia is one of India’s most-followed stock pickers thanks to his outstanding track record. He was the one who identified the potential in India’s rapidly evolving digital landscape way back in 1999 when he co-founded Hungama Digital with Rakesh Jhunjhunwala and others. There was no turning back from there.

According to Screener.com, which has information on stakes above 1% in companies, his portfolio currently comprises about 20 stocks. Kacholia turned heads when he exited five stocks between December 2023 and June 2024. Here’s everything you need to know about these stocks and the companies behind them.

HLE Glascoat is a leading manufacturer of specialised industrial equipment, focusing on glass-lined machinery, filters and dryers for a variety of sectors in India. With a network of seven production sites worldwide, it can produce more than 600 filters and more than 2,000 glass-lined units each year. The company recently expanded its footprint, launching a new Greenfield facility in Silvassa and securing a large plot near Anand, Gujarat, to build a dedicated glass-lined equipment factory.

Also read: Will gold prices spike higher if a full-fledged war breaks out? Its clients include pharmaceutical giants and chemical heavyweights such as Bayer, UPL, Sun Pharma, Atul, Gsk, BASF, Pi Industries, SRF, Zydus, Dr. Reddys and Sanofi. It has a healthy order book of ₹550 crore, which will provide steady work for the coming months.