Top 10 stocks Ashish Kacholia bought and sold recently
investing in the stock market in January 2024, would have noticed that the market has been slightly volatile of late. This has led to discussion around the prospects of the stock market in this election year. Given that it might be another tough year for the stock market, investors are looking towards “experts" now more than ever to tide over the rough times.
There is an endless supply of experts out there but very few stand out. These experts or super investors understand the importance of getting ahead of long-term trends and have show a remarkable success track record over the years. As we’re already a month into 2024, many companies have announced their latest shareholding pattern for the quarter ended December 2023.
In this article, we’ll look at how Ashish Kacholia, one of the most famous Indian investors, rejigged his portfolio in the quarter gone by. These are the top 10 stocks he bought and sold during the September-December 2023 period. First on this list is Zaggle Prepaid Ocean Services.
Data available on the exchanges shows that Kacholia currently holds 2,703,356 shares of this smallcap IT enabled company. Considering the current market price as on 25 January 2024, Kacholia’s stake in the company is worth ₹579 million. In the September 2023 quarter, Kacholia held 1.7% stake in the company which he increased to 2.2% during the September-December 2023 period.
The company came out with its IPO last year in September. Ahead of the IPO, it raised around ₹730 million in a private placement, and Kacholia was one of the biggest investors in this round. Zaggle Prepaid Ocean Services is a fintech-SaaS company which has a differentiated value proposition and diversified user base.
Read more on livemint.com
