Ace investors in India are known for their expertise in identifying high-growth opportunities and managing risk in the stock market. These investors have built their wealth and reputation by consistently making bold decisions and picking winning stocks, demonstrating their Midas touch in the Indian stock market.
Listed below are such stocks in which Ace investors have decreased their stake during the recent quarter:
Vaibhav Global Ltd :
With a market capitalization of Rs. 6,327 crores, the shares of multi-national electronic retailers started Wednesday’s trading session on a flatter note at Rs. 382.30 compared to its previous close of Rs. 381.50. During the trading session, the shares hit a low of Rs. 377.45, making a loss of around 1 percent and are currently trading at Rs. 378 apiece.
Coming onto the company’s financial statements, the revenue zoomed by 26 percent from Rs. 705 crores during the September quarter to Rs. 888 crores in the December quarter. In addition, the net profits magnified by 62 percent from Rs. 29 crores to Rs. 47 crores during the same period.
According to the BSE data, Ace Investor Mr Ashish Kacholia entered the stock in December 2017. During the recent quarter, the ace investor has decreased his stake by 0.15 from 1.21 percent during the December quarter to 1.06 percent during the March quarter and the current holding value of his investment amounts to Rs. 66.7 crores.
Zen Technologies Ltd :
With a market capitalization of Rs. 8,557 crores, the shares of the defence company started Wednesday’s trading session on a flatter note at Rs. 1,012.55 compared to its previous close of Rs. 1,013. During the trading session, the shares hit a low of Rs. 1,001, making a loss of around 1 percent and are currently trading at Rs. 1,010 apiece.
Coming onto the company’s financial statement, the revenue zoomed by 52 percent from Rs. 66 crores in the September quarter to Rs. 100 crores during the December quarter. In addition, the net profits magnified by 114 percent from Rs. 14 crores to Rs. 30 crores during the same period.
According to the BSE data, Ace Investor Mr Mukul Agrwal entered the stock in December 2016. During the recent quarter, the ace investor has decreased his stake by 0.15 from 1.34 percent during the December quarter to 1.19 percent during the March quarter and the current holding value of his investment amounts to Rs. 101.4 crores.
Canara Bank :
With a market capitalization of Rs. 1,10,317 crores, the shares of the banking company started Wednesday’s trading session on a higher note at Rs. 609 compared to its previous close of Rs. 608.15. During the trading session, the shares hit a low of Rs. 607.60, making a loss of around 1 percent and are currently trading at Rs. 608 apiece.
Coming onto the company’s financial statement, the Net Interest Income (NII) increased by 5.77 percent from Rs. 8,903 crores in Q2 FY24 to Rs. 9417 in Q3 FY24. On the other hand, the net profits decreased marginally by 0.05 percent from Rs.3,829 crores to Rs. 3,827 crores during the same timeframe.
According to the BSE data, Mr late Rakesh Jhunjhunwala entered the stock in December 2021. Currently, his portfolio is taken care of by his wife Rekha Rakesh Jhunjhunwala. During the recent quarter, the ace investor’s wife has decreased her stake by 0.62 from 2.07 percent during the December quarter to 1.45 percent during the March quarter and the current holding value of his investment amounts to Rs.1,600.5 crores.
Written By Vaibhav Patil
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