Ashish Kacholia trims stake in multibagger Aditya Vision, 2 more smallcaps in March quarter

Ace investor Ashish Kacholia has reduced his holdings in three smallcap counters in the March ended quarter viz Aditya Vision, Safari Industries (India) and Universal Autofoundry.

Kacholia trimmed his stake in Aditya Vision by 12 bps to 1.87 at the end of the January-March quarter versus 1.99% at the close of the December quarter.

Aditya Vision is a Patna-based multi-brand consumer electronics retail chain and its stock has delivered multibagger returns of 148% in the past 12 months.

However the partial stake sale comes on the back of lackluster trade in the counter in 2024 so far where it has seen its price erode by over 3%.

In Safari Industries, his holding was down by 25 bps to 1.85% in the three-month ended March as against 2.10% in the December quarter.

This stock has delivered returns of 79% in the past 12 months while its year-to-date returns stand at 6%. As for Universal Autofoundry, Kacholia has slashed his holding to 8.32% in March quarter versus 8.54% in the previous quarter. This stock has been a laggard this year and has witnessed a price erosion of 13%. Its 1-year returns at 13% are also lower than Nifty’s impressive 28% returns during this period.

ETMarkets previously reported Kacholia raising his holding in smallcap counter Brand Concepts while slashing stake in Vaibhav Global. The investor had increased his stake in Brand Concepts by 12 bps in the last quarter to 1.56% versus 1.44% at the end of the December quarter.

Also Read: Also Read: Mukul Agrawal adds 2 smallcap multibaggers in March, trims stake in 3 and likely exits 2 stocks

Shareholding of individual investors reflects in the ‘Shareholding Pattern’ of BSE listed companies only on reaching 1% stake or above in the company.

Popularly referred to as a ‘Big Whale’, Kacholia publically holds 48 stocks with a net worth of over Rs 2,997 crore according to Trendlyne data.

Kacholia has been able to grow his worth nearly by 5.6% on a quarter-on-quarter basis to Rs 2,920.36 crore during the three-month period ending March 31, 2024.

Other stocks in his portfolio include Tanfac Industries, Raghav Productivity Enhancers, Stove Kraft, ADF Foods, Ador Weldings, Mastek, NIIT, PCBL, Goldiam International, Sky Gold and VRL Logistics among others.

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