Ashish Kacholia Loves this Stock. Is it Right for You?
most successful people in the investing world reason their way through problems, I've learned some valuable lessons and their approach to life and business. Many of them like to point to their success stories and go over them all over again and again. And then there are the ones who keep a low-profile but whose track records speak for themselves.
One such name that I could think of is Ashish Kacholia. Ashish Kacholia co-founded Hungama Digital with none other than the big bull Rakesh Jhunjhunwalaand started his own company Lucky Securities in 2003. He started his career at Prime Securities and also had a brief stint at Edelweiss Capital before establishing Lucky Securities.
Kacholia's interest in the stock market began when he started investing his savings in stocks. He started out as a small investor, but over time, he developed a keen eye for identifying promising companies with high growth potential. He is fondly believed as the 'Big Whale' of the Indian stock market.
In recent weeks, we looked at Rakesh Jhunjhunwala's favourite bet - Titan and Vijay’s Kedia’s favourite stock - Atul Auto. In this editorial, let’s look at one of Ashish Kacholia’s biggest bets – Safari Industries. As of June 2023, Safari Industries continues to be the biggest holding by value in Ashish Kacholia’s portfolio.
He holds 543,000 shares of Safari Industries worth ₹2.1 billion (bn). Here’s how his holding has fared over the past couple of quarters The ace investor initially bought a stake in Safari Industries in 2019 when it was trading at ₹550 per share. He bought around 2.18 lakh shares in the company for a total value of ₹120 million (m).
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