Ashish Kacholia Portfolio: Ace investor sells 4.49 lakh shares of these two companies; stocks decline 25-32% in one year

Ashish Kacholia stocks: Celebrity investor Ashish Kacholia sold more than 4.49 lakh shares of an auto component and equipment maker and an IT company in the April-June quarter, as per BSE shareholding filing of the respective companies. Shares of the two companies have declined between 25%-32% in the past one year as on July 22.  

As per the latest corporate filings, Mastek Ltd, a company catering to Computer software and consulting industry, the ace investor sold 50,000 shares of the company in the June quarter. A comparative analysis of Mastek shareholding patterns of the two quarters shows that Kacholia held 6,00,000 shares or 2% stake in the IT firm in January-March quarter against 5,50,000 shares or 1.83% stake in the company in the quarter ending June '22. 

Shares of Mastek closed wit over one per cent cut to Rs 2032 per share on the BSE. The counter has declined 25.17% in the past one year as on July 22.

Likewise, the celebrity investor, whose major chunk of the portfolio comprise stocks from hospitality, education, infra and manufacturing sectors, held 1.27% stake (3,99,550 shares) of Igarashi Motors in the March quarter.  However, Igarashi Motors June shareholding had Kacholi's name missing from the public shareholders list on the BSE. As per the rule, a company has to reveal the shareholders' name whose stake is equal to or more than one per cent in the company. This implies that the celebrity investor might have completely exited from the auto counter.  

Igarashi Motors stock closed with gains of almost two per cent to Rs 352.90 per share on the BSE. As on July 22, the stock declined over 32% in the past one year. 

Fondly called 'Big Whale' of the Indian market, Kacholia holds 38 stocks in the June quarter. As per stock market analysis portal trendlyne.com, the net worth Ashish Kacholia's portfolio is a little over Rs. 1,769.8 core as on July 22, 2022. 

Earlier, Kacholia has added three stocks, namely Repro India, Inflame Appliances and Barbeque Nation. The celebrity investor bought 3.6% stake or 457,962 shares in Repro India, 4.2% stake or 308,000 shares of Inflame Appliances and 1.1% stake, amounting to 409,094 shares, in Barbeque Nation