Ashish Kacholia Portfolio: D-Streets Big Whale makes fresh entry in this jewellery stock
He publicly holds 44 stocks with a net worth of over Rs 1,912.1 crore, as of January 11, 2023, in a varied portfolio from sectors such as hospitality, education, manufacturing and infra.
Multibagger Stock: Ace investor Ashish Kacholia made a fresh entry in smallcap multibagger stock Goldiam International in the October-December period, according to shareholding data. This makes Kacholia the third big investor to take a position in the counter, along with Ramesh Damani and Mukul Mahavir Agrawal.
Kacholia -- often called the Big Whale of Dalal Street -- picked 11,02,527 equity shares in Goldiam, which translates to a stake of more than one per cent in the diamond and jewellery company, according to the data.
He publicly holds 44 stocks with a net worth of over Rs 1,912.1 crore, as of January 11, 2023, in a varied portfolio from sectors such as hospitality, education, manufacturing and infra, according to stock analysis portal Trendlyne.
Goldiam International Share Price History
Goldiam International shares surged by as much as Rs 7.1 or 5.1 per cent to Rs 146 apiece on the BSE on Wednesday. The upward movement in the stock can be attributed to the renowned investor's interest in the company.
The stock has rewarded investors with multi-fold returns in the past. Over the last two years, Goldiam shares have grown more than three times in value – from Rs 46 per share on January 8, 2021.
Analyst View
Goldiam’s fortune changed when it became one of the first movers to grow and distribute lab-grown diamonds (LGD), which contributes close to 20 per cent of its overall topline, according to Monarch NetWorth Capital (MNC) Research.
Rahul Dani, an analyst at Monarch NetWorth Capital, pointed out that the company has a presence both in natural and lab-based diamonds, catering to the US, which is the most prominent jewellery market in the world. Its innovative strategy to focus on direct retail and e-commerce platforms has paid rich dividends with robust growth in its margin profile, he said.
Dani estimates Goldiam's to clock revenue growth at a CAGR of 12 per cent over between FY22 and FY25.
Its operating margin is expected to improve by 690 basis points to 25.8 per cent, according to the brokerage, which has a target price of Rs 185 per share for the stock -- implying a potential upside of 32 per cent from its current level.
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