ashish kacholia portfolio: Ashish Kacholia’s top picks jumped up to 400% since March; swells his net worth 150%

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Ashish Kacholia, known for his ability to pick quality midcaps and smallcaps, witnessed 150 per cent growth in his net worth in the ongoing rally in the domestic equities since March lows.

With a 405 per cent growth, insurance technology firm Majesco emerged one of the top grossers in his portfolio. The stock has jumped to Rs 934 as of November 20 from Rs 185 on March 24, when the equity benchmark Sensex hit its 52-week low of 25,639. Kacholia cut his holding in the company to 2.32 per cent as of September 30 from 3.11 per cent at the end of March.

The 30-share Sensex scaled a record high of 44,230 on November 19 on the back of robust inflows from foreign institutional investors and liquidity measures taken by RBI as well as the government. Going ahead, analysts said the broader market would outperform the narrow indices.

Global financial firm Morgan Stanley expects the broader market to beat the largecaps in 2021, as concentration of market-cap and profits may have peaked with the return of the growth cycle.

Among other stocks, Birlasoft (up 238 per cent) and Vaibhav Global (228 per cent) have pushed Kacholia’s portfolio significantly higher during this period. Kacholia held 2.35 per cent in Birlasoft and 1.54 per cent in Vaibhav Global as of March 31.

With a 1.03 per cent holding, Kacholia’s name emerged among key individual shareholders of HLE Glascoat at the end of the June quarter. The stock has gained 215 per cent since the beginning of this financial year.

Among others, shares of Shaily Engineering, Apollo Pipes, KPIT Technologies, Acrysil, Apollo Tricoat Tubes, NIIT, Religare Enterprises, Poly Medicure, Vishnu Chemicals, Paushak and DFM Foods have rallied between 100 per cent and 220 per cent since March lows. On the other hand, his other stock pick in the luggage space, Safari Industries, gained 62 per cent to Rs 546.25.

Safari Industries reported weaker-than-expected revenue and profit for the September quarter, as sales were marred down by weakness in the travel and tourism industry. The company posted a consolidated net loss of nearly Rs 9 crore on November 10 against Rs 9 crore profit reported for the quarter ended June 30. Revenue from operations declined 63 per cent YoY to Rs 20 crore.

Kacholia’s latest picks including ADF Foods, Astec Lifesciences, Marksans Pharma, Mastek, Mold-Tek Packaging and Neuland Laboratories have advanced between 15 per cent and 90 per cent since July. He was not among the key shareholders in these companies as of March 31 and June 30.

Overall, the robust performance of his top picks took Kacholia’s net worth to Rs 940 crore in November from Rs 376 crore at the end of March 2020, latest data available with Trendlyne showed.

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