Ashish Kacholia, Sunil Singhania, and others are bearish on these 4 stocks in Q2. How many do you have?
By Veer Sharma, ETMarkets.com |
1/5
Bearish Bets
Ace investors Ashish Kacholia, Sunil Singhania, Dolly Khanna and others have trimmed or likely exited select stocks in the September quarter, raising questions about their investment strategies amid sharp price swings. While some of these stocks have delivered strong gains this year, others have faced steep declines. Here is a look at four stocks where prominent investors have reduced their exposure or potentially exited their holdings.
2/5
Cyient DLM
Abakkus Flexi Cap Fund has likely exited Cyient DLM, with its shareholding falling below the 1% disclosure threshold. Trendlyne data showed that Sunil Singhania had increased his stake in the company by 0.2% in Q1. The potential exit comes after a sharp rally in the stock, which surged 210% over six months and gained around 140% since the beginning of the year.
3/5
Brand Concepts
Ashish Kacholia has likely exited the company, with its shareholding falling below the 1% disclosure threshold. The stake sale comes after Kacholia held a 1.4% stake for three consecutive quarters. The stock is down 61% since the beginning of this year.
4/5
Carysil
Ashish Kacholia has sharply reduced stake in the company to 2.7% from 3.5% , data from the exchanges showed. The stock is down 13% since the beginning of this year. Carysil, formerly known as Acrysil manufactures and exports composite quartz granite and stainless-steel kitchen sinks, faucets and built-in kitchen appliances. Its product portfolio also includes appliances such as hobs, ovens, chimneys and dishwashers.
5/5
Chennai Petroleum
Dolly Khanna, the ace investor has sharply reduced stake in the company to 1% from 1.33% , data from the exchanges showed. The stock is up 75% since the beginning of this year.
Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.