Multibagger Stocks - Ace investors Ashish Kacholia makes fresh entry in these 3 stocks - Gateway Distriparks, Xpro India and VRL Logistics

Ace investor Ashish Kacholia has recently made an entry into new segments from the broader market category. In this regard, the celebrity investor has picked up stakes in the transportation and logistics firm — Gateway Distriparks in the second quarter of the financial year 2021-22.

According to the September shareholding pattern of the company available on the BSE, Kacholia has picked up as many as 19,17,606 equity shares, aggregates to 1.54 stake per cent in the Gateway Distriparks. The shareholding pattern was released on Saturday (October 9, 2021).

The stock on Wednesday has hit an upper circuit of 5 per cent to Rs 274.2 per share on the BSE, while it has gained over 10 per cent since the shareholding pattern reflects Kacholia’s name. The counter earlier on June 15, 2021 had touched a 52-week high of Rs 325.2 per share on the BSE.

This logistic stock has been a multibagger to its shareholders, as it gave around 104 per cent return in 2021 and near 184.3 per cent return in last one year.

A Mumbai-based company, Gateway Distriparks Limited has three verticals in logistics segment: Container Freight Stations (CFS), Inland Container Depots (ICD) with rail movement and Cold Chain Storage & Logistics.

As per the latest corporate shareholdings filed, Kacholia publicly holds 24 stocks with a net worth of over Rs. 1,700 crore, as per the trendlyne.com.

Besides Gateway Distriparks, Kacholia has purchased stake in Xpro India and VRL Logistics during June-September quarter, as per the BSE shareholding pattern. 

He picked up 2.5 per cent (2,97,216 shares) in the former, up over 3000 per cent in one year and 1.37 per cent (12,07,632 shares) in the latter, up 162 per cent in a year.

According to Trendlyne, the investor has dumped almost all shares in Vaibhav Global and Mold-Tek Packaging, while has reduced stakes below 1 per cent in Birlasoft.