Ashish Kacholia books profit in this computer hardware firm's stock, which has jumped 85% in a year

Shares of D-Link (India), a computer hardware and equipment company, were in demand during Thursday’s session despite ace investor Ashish Kacholia trimming his stake in the company.

Kacholia has sold 3,69,889 shares in D-Link (India) at a weighted average price of Rs 227.91 apiece on the NSE, the bulk deals data showed.

The celebrity investor supposedly has booked profits in D-Link (India), as the stock has nearly doubled in the last one-year period on the exchanges.

This shows that the investor trimmed his stake to half, as the March shareholding pattern of the firm shows that Kacholia held 7,50,000 equity shares, or 2.11 per cent, in the computer hardware company.

Ashish Kacholia, who is fondly called the Big Whale of Indian markets, publicly holds 42 stocks with a net worth of over Rs 1,998.6 crore as of June 15, 2023, as per stock analysis website Trendlyne.com.

Kacholia has investments in over forty stocks and has a varied portfolio that includes hospitality, education, infrastructure, and manufacturing stocks.

As the session progressed, the shares of D-Link (India) pared some gains to trade over 1 per cent higher to Rs 227.70 apiece on the BSE today.

The stock has a 52-week high level of Rs 311, touched on November 11, 2022, and a 52-week low of Rs 105, hit on June 20, 2022.

In the last one year, D-Link shares grew nearly 85 per cent as compared to a 20 per cent rise in the Nifty50 index. Year-to-date, the stock has dipped almost 1 per cent against a 3 per cent gain in the benchmark.