The shares of Goldiam International shot up 10.45% in the past two days after ace investor Ashish Kacholia increased a stake in the company. Its shares reached an intraday high of ₹ 146.25 and were trading at ₹ 139.95 apiece at 01:32 PM on Wednesday. Goldiam International manufactures and exports gold and diamond jewellery to global retailers.
According to SEBI’s regulations, companies have to declare the names and holdings of investors who hold more than a 1% stake in a company. Until the September quarter, Ashish Kacholia’s name wasn’t visible in the shareholding pattern of the company.
According to the latest shareholding pattern, Ashish Kacholia has a 1.01% stake or holds 11,02,527 shares of the company. This means that his holdings are approximately worth ₹ 15.43 crores at the current market price.
The data shows that two more ace investors are already invested in the stock. Mukul Agrawal holds 30,00,000 shares of the company or a 2.75% stake. His holdings are approximately worth ₹ 41.99 crores at the current market price. He held a 2.75% in the previous quarter as well and his stake remains unchanged.
Ramesh Damani holds 17,17,340 shares or a 1.58% stake in the company. His holdings are approximately worth ₹ 24.03 crores at the current market price. He had a 1.58% stake in the previous quarter as well, and his stake remains unchanged.
The jewellery maker has given multibagger returns of 709.90% in the past five years as its share price increased from ₹ 17.28 apiece to ₹ 139.95. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares five years ago, the value of their holdings would have been ₹ 8.09 lakhs today!
Written by Simran Bafna
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