Ace investor Ashish Kacholia trims stake in SJS Enterprises, stock down 4%

Ace investor and trader in the smallcap and midcap segment, Ashish Kacholia trimmed his stake in auto ancillaries company SJS Enterprise in a bulk deal on Friday, August 18. Kacholia sold a total of 1,80,489 shares of the company, which accounts for 0.6 per cent stake in the company, at Rs 640.01 a piece, according to data from the NSE. In total, Kacholia pocketed a total of Rs 11.6 crore. 

Shares of SJS Enterprises dropped more than 4 per cent to a low of Rs 610.90 apiece on BSE on Monday.  

Ashish Kacholia stake in SJS Enterprises

Despite selling 0.6 per cent of the company’s shares, Kacholia still maintains a sizeable hold in the company. As of the quarter ending in June 2023, Kacholia held a 4.34 per cent stake in SJS Enterprises. SJS Enterprise had made its market debut in November 2021. Since then he has been gradually increasing his stake in SJS Enterprises, having most recently increased his stake in the company in Q2FY23. 

Kacholia’s portfolio includes over 60 different companies with his total net worth being over Rs 2,400 according to market data aggregator Trendlyne. The newest additions into his portfolio include Ugro Capital Ltd, SG Finserve Ltd, and Venus Pipes & Tubes Ltd. 

His profit booking in SJS Enterprises came when the company recently hit its all-time high share price on August 1 when it traded for Rs 677.60 a piece on the NSE.

The company’s shares were trading 3.45 per cent lower at Rs 617.55 apiece on BSE at 11:49 AM on Monday.

The company’s shares have dipped down by over 5 per cent over the past week long period, even though over the past month shares gained over 4 per cent. In the past year-long period, the company has managed to give returns of 32 per cent.