Ace investor Ashish Kacholia’s bet on newly listed Jain Resource Recycling has turned into a multi-bagger in just under seven months, delivering a hefty 156% return since his investment in March this year. Kacholia, often dubbed the “Big Whale” of Dalal Street for his knack for spotting emerging companies early, had invested Rs 50 crore … Read more
Ace investor Ashish Kacholia has hit a half-century with the addition of a new stock to his portfolio in the quarter ended September. He picked up Jain Resource Recycling, a smallcap stock that made its market debut on October 1. According to the company’s Red Herring Prospectus (RHP), the shares were allotted to Bengal Finance … Read more
Shares of Ashish Kacholia-backed Fineotex Chemical rallied sharply on Friday, surging 16.6% to an intraday high of Rs 271 on the BSE. The smallcap specialty chemical stock witnessed strong investor interest after the company informed exchanges that its Board of Directors will meet on Saturday, September 27, to consider several key proposals. In its filing, … Read more
Shares of Vikran Engineering climbed on their first day of trading Wednesday, rising about 5% from the IPO price in a Rs 772-crore offering backed by marquee investors Mukul Agrawal and Ashish Kacholia, although the gains fell short of grey-market expectations. The stock listed at Rs 99.70 on the BSE, 2.8% above its IPO price … Read more
The shares of Vikran Engineering will debut on the bourses tomorrow after its Rs 772 crore IPO was completed successfully with strong subscription. While the issue attracted robust demand across all investor categories, the grey market premium (GMP) signals only a modest listing gain of around 4%. Notably, the GMP has been steadily declining since … Read more
Sahajanand Medical Technologies (SMT) Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (Sebi) to raise funds via an Initial Public Offering (IPO) route. The IPO, with a face value of Re 1, is entirely an offer-for-sale (OFS) up to 27,644,231 equity shares by promoters, … Read more
Shree Refrigerations, a key supplier of mission-critical HVAC and refrigeration systems to the Indian defence and industrial sectors, will open its Rs 117.32 crore IPO on Friday. The IPO, which has generated strong investor buzz with a grey market premium (GMP) of around 64%, is being closely tracked due to the presence of marquee investor … Read more
Precision engineering and manufacturing company Balu Forge Industries on Monday reported a 107% year-on-year jump in its consolidated net profit for the quarter ended September 30, 2024 at Rs 48 crore which was up from Rs 23 crore reported by the company in the year ago period. The company in which ace investor Ashish Kacholia … Read more
Shares of Jyoti Structures surged 10% to a day’s high of Rs 29.3 in Tuesday’s trade on the BSE after ace investor Ashish Kacholia acquired a 2.52% stake in the small-cap firm. Meanwhile, by 10:13 am, the stock was trading 7.7% higher at Rs 28.8. Jyoti Structures’ shares have also risen by 91% over the … Read more
Ace investor Ashish Kacholia has bought a 2.52% stake in the smallcap stock Jyoti Structures, according to the shareholding pattern for quarter ended June 2024, following which the stock closed 4.8% higher at Rs 26.75 on BSE. According to the data available on BSE, Ashish Kacholia holds nearly 2.2 crore shares in the company. For … Read more