The benchmark Nifty 50 index crossed beyond the 21,000 mark in 61 trading sessions from when it first scaled the 20,000 mark on September 11, 2023.
The achievement of this milestone is a testament to the strong performance of the Indian economy, with key economic indicators such as GDP and corporate earnings showing positive growth. Additionally, the Nifty’s record high is expected to attract more investors, boost liquidity, and contribute to the overall growth of the Indian economy.
Ashish Kacholia, better known for his investing strategies, is one of the renowned Indian ace investors. He started his career with Prime Securities and later joined Edelweiss where he used to handle the equity research desk. Finally, he incorporated his broking firm, Lucky Securities from where he started building his portfolio.
As per the latest shareholdings pattern, Ashish Kacholia publicly holds over 45 stocks with a net worth of around Rs. 2,787.61 Crores. The ace investor primarily focuses on companies with strong fundamentals. A few of his holdings have given him over 500 percent returns from the investment value.
Listed below are the stocks in Ashish Kacholia’s portfolio that have delivered multibagger returns in 2023:
Aditya Vision Ltd
With a market capitalisation of Rs. 4,288 crores, the shares of Aditya Vision Ltd started Friday’s trading session on a higher note at Rs. 3,705 compared to its previous close of Rs. 3,663. The share hit a low of Rs. 3,565, making a loss of around 2 percent and closed the day at Rs. 3,565 apiece.
The shares have delivered a multibagger return of 132 percent return to its shareholders on a YTD basis. For example, if someone had invested Rs.1 lakh in the shares since the inception of the year then it would have turned Rs. 2.32 lakhs now.
According to the BSE data, Ace Investor Mr Ashish Kacholia, entering the stock in March 2023, currently holds 2,39,506 lakh equity shares equivalent to a 1.99 percent stake in this company. The current holding value of his investment amounts to Rs. 85.4 crores.
Coming onto the company’s financial statements, the revenue decreased by 51 percent from Rs. 641.23 crores in the June quarter to Rs. 313.13 crores during the September quarter. In addition, the net profit declined by 74 percent from Rs. 37.42 crores to Rs. 9.63 crores during the same timeframe.
Emkay Global Financial one of the well-known brokerage firms, has given a ‘Buy’ target on the company’s stock with a target of Rs. 5,000 indicating a potential upside movement of around 40 percent
Gravita India Ltd
With a market capitalisation of Rs. 7,250 crores, the shares of Gravita India Ltd started Friday’s trading session on a flatter note at Rs. 1,039.80 compared to its previous close of Rs. 1,039.85. The share hit a high of Rs. 1,054.95, gaining around 2 percent and closed the day at Rs. 1,050.40 apiece.
The shares have delivered a multibagger return of 135 percent return to its shareholders on a YTD basis. For example, if someone had invested Rs. 1 lakh in the shares since the inception of the year then it would have turned Rs. 2.35 lakhs now.
According to the BSE data, Ace Investor Mr Ashish Kacholia, entering the stock in March 2022, currently holds 14,84,399 lakh equity shares equivalent to a 2.15 percent stake in this company. The current holding value of his investment amounts to Rs. 155.9 crores.
Coming onto the company’s financial statements, the revenue increased by 19 percent from Rs. 703 crores in the June quarter to Rs. 836 crores during the September quarter. In addition, the net profit increased by 20 percent from Rs. 53 crores to Rs. 59 crores during the same timeframe.
Safari Industries (India) Ltd
With a market capitalisation of Rs. 10,143 crores, the shares of Safari Industries (India) Ltd started Friday’s trading session on a flatter note at Rs. 2,204.05. The share hit a low of Rs. 2,078.59, making a loss of around 3 percent and closed the day at Rs. 2,140.15 apiece.
The shares have delivered a multibagger return of 154 percent return to its shareholders on a YTD basis. For example, if someone had invested Rs. 1 lakh in the shares since the inception of the year then it would have turned Rs. 2.5 lakhs now.
According to the BSE data, Ace Investor Mr Ashish Kacholia, entering the stock in March 2020, currently holds 5 lakh equity shares equivalent to a 2.1 percent stake in this company. The current holding value of his investment amounts to Rs. 107 crores.
Coming onto the company’s financial statements, the revenue decreased by 13 percent from Rs. 427 crores in the June quarter to Rs. 370 crores during the September quarter. In addition, the net profit declined by 20 percent from Rs. 50 crores to Rs. 40 crores during the same timeframe.
Written By Vaibhav Patil
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