Ashish Kacholia cut his stake in these 5 stocks during the June quarter

Seasoned investor Ashish Kacholia remained busy during the June 2022 quarter as he made a number of changes to his portfolio during the volatile period of the market. He mostly bought the dips but also booked profits in a few counters during the first quarter of the ongoing fiscal.


IT, pharma and speciality chemicals stocks were among the counters Kacholia sold the most. Let us have a look at the companies where he sold a significant stake in the June 2022 quarter:

The smallcap czar cut his stake in the plastic packaging solution provider as he sold about 4.56 lakh equity shares of the company to reduce his stake by 1.38 per cent. He owned 6,24,340 equity shares or a 1.89 per cent stake in the company, which is worth Rs 50.9 crore.

Kacholia exited the auto parts and equipment maker during the quarter ended June 30, 2022, as his holding slipped below 1 per cent and his name was not among the key shareholders of the company. He held 399,550 equity shares or a 1.27 per cent stake in the company as of March 31, 2022.

Ashish Kacholia also cut his stake in the specialty chemicals players as he sold about 96,500 equity shares, which is equivalent to an 81 basis point stake in the company. His holding in the company dropped to 4,03,522 shares or 3.38 per cent from 5,00,000 shares or 4.19 per cent. His current stake in the company is worth Rs 60.7 crore.

The IT firm has been one of the favourite counters of Kacholia where he has stayed invested, although he has been trimming his stake in the company gradually. He sold 50,000 shares or half a per cent stake of Mastek during the April-June period to bring his stake to 5,50,00 shares or 1.83 per cent by end of the June 2022 quarter.

He increased his stake in six of his existing holdings, including three fresh buys. According to the data from Trendlyne, Ashish Kacholia publicly holds 38 stocks with a net worth of over Rs 1,766.3 crore As per the latest corporate shareholdings filed so far.