Ace investor Ashish Kacholia increased his stake in Gravita India in the December quarter of the financial year (Q3FY23). The company’s shares were trading at ₹ 449.35 apiece at 02:58 PM on the National Stock Exchange (NSE).
Gravita India is one of the largest lead producers in India. Its business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects. In addition, it has expertise in the recycling of used batteries, cable scrap/another lead scrap, aluminium scrap, plastic scrap, etc.
According to the latest shareholding pattern of the company for the quarter that ended December 31, 2022, he holds 14,34,399 equity shares or a 2.08% stake in Gravita India. He held 13,51,649 shares or a 1.96% stake in the company during the previous quarter. This means that he has increased his stake by 0.12%.
Gravita India is a multibagger stock that gave 491.6% returns in the past two years. Therefore, if an investor would have invested ₹ 1 lakh in the shares of the company two years ago, the value of their holdings would have been ₹ 5.91 lakhs today!
Ashish Kacholia holds 44 stocks with a net worth of over ₹ 1880.7 crores. According to the shareholding patterns that are already released, the big whale of D-Street increased his stake in Xpro India, Goldiam International, Megastar Foods, Best Agrolife, Agarwal Industrial Corporation, Raghav Productivity Enhancers, Yasho Industries, and PCBL.
Written by Simran Bafna
