Specialty chemical share hits upper circuit as ace investor Ashish Kacholia raises stake; multibagger stock up over 225% in one year

Shares of this Specialty chemical stock were locked in five per cent upper circuit after celebrity investor Ashish Kacholia tweaked his position in the company for the quarter ending June 30, 2022.  

Yasho Industries, one of the 35 stocks in Kacholia's portfolio in the March quarter, rose as much as five per cent or higher by Rs 69.50 to trade on 1459.50 per share in Friday's intraday trade on the BSE. The full shareholding pattern for the quarter ended June 2022 was yet to be made public.  

As per the latest corporate filings, the ace investor marginally increased his stake from 2.55% in the March quarter to 2.60% in the recently concluded quarter.  

In terms of number of shares held by Kacholia, the investor now holds 296,322 equity shares of Yasho Industries against 291,231 shares in the March quarter. He added 5091 shares of the specialty chemical company in the current quarter.  

Earlier, Kacholia, who is also fondly called 'Big Whale of the Indian market', had slashed stake in another multibagger chemical stock—Vishnu Chemicals. He trimmed his stake by 0.81% in the chemical firm.  

As per the BSE shareholding data of the company, the celebrity investor now has 4,03,522 shares of the company, aggregating to 3.38 per cent of the total paid-up capital of Vishnu Chemicals against 5 lakh equity shares (4.9%) in the January-March 2022 quarter.  

Meanwhile, as on July 8, shares of Yasho Industries rose over 225% in the past one year. Interestingly, the stock yielded barely 6% return to its shareholders in the last six months.  

The counter had traded at 52-week low value of Rs 418.55 per share on July 12 last year. The scrip touched a 52-week high value of Rs 2,099 on February 8 this year.  

The 'Big Whale' of the Indian market holds as many as 35 stocks in his portfolio as per June corporate filings so far. The value of these stocks has been pegged at over Rs 1,536 crore as on July 8, according to stock analysis website trendlyne.com.