Ashish Kacholia buys 0.7% stake in Navkar Corporation

Mumbai: Investor Ashish Kacholia has bought 10 lakh shares or 0.7% stake in Navkar Corporation on Wednesday, bulk deal data on the National Stock Exchange of India’s website showed. Kacholia bought the shares at Rs 187 apiece. The seller’s name was could not be ascertained immediately.

Shares of Navkar Corporation ended up 7.5% at Rs 202.85 on the BSE on Wednesday. In the last one month, the stock has gained 10.4%.

Reliance Securities has a ‘buy’ rating on Navkar Corporation with a target price of Rs 229.


The brokerage said that the company recently announced its second quarter results and despite a challenging environment, it continued to report healthy numbers.

The brokerage believes that Navkar Corporation continues to remain well-placed to cash in the expected rise in EXIM trade on the back of several initiatives undertaken by the government.