Ashish Kacholia Portfolio: Ace investor makes fresh entry in this multibagger stock; counter surges nearly 5x in one year – Details!

Ashish Kacholia shares: Ace investor Ashish Kacholia has made a fresh entry in food products company – Megastar Foods by picking over 1 per cent stake, as per the September 2022 shareholding pattern of the company available on the exchanges.

Kacholia, who is fondly called as Big Whale of the Indian stock market, has bought 1,03,666 or 1.04 per cent stakes in Megastar Foods. The renowned investor publicly holds 39 stocks with a net worth of over Rs 1,838.9 crore as of October 11, 2022, according to the stock analysis website trendlyne.com.

Kacholia is known to make investments and pick stocks from the mid and small-cap segments, he has a varied portfolio that includes hospitality, education, infrastructure, and manufacturing stocks.

Megastar Foods Share Price History

The share price of the small-cap company has touched an upper circuit of 5 per cent to close at a day’s high level of Rs 204.75 apiece on the NSE in an otherwise weak market on Tuesday.

The Megastar Foods stock in the last one year has reported multibagger returns as it surged almost 5 times or 376 per cent on the exchanges. To put it in perspective, if an investor had invested Rs 1 lakh a year ago, he/she would have earned almost 5 lakhs in one-year investment.

Year-to-date, the stock has jumped more than 266 per cent or around 4 times from Rs 56 apiece on January 3, 2022, as compared to today’s closing price. The counter on September 15, 2022, touched a 52-week high of Rs 228.9 per share and Rs 39 apiece a 52-week low on December 10, 2021.

About Megastar Foods

Megastar Foods Limited is in the business of manufacturing food-based products such as wheat flour, organic wheat flour products, and allied flour products.

Incorporated in 2013, the company produces food products related to wheat like Atta-wheat flour products, Maida-Fine wheat flour products, Suji/Rawa-Semolina, Chokar/Wheat Bran, Organic Atta, and Organic Whole Wheat flour among others.