Ace investor Ashish Kacholia has added new small-cap stock in his portfolio – Inflame Appliances, a shareholding pattern of the company available on the BSE confirmed. The company is a kitchen appliances manufacturer like gas stoves and burner cook-tops; built-in hobs, among others.
Ashish Kacholia, who is fondly known as Big Whale of the Indian stock market, has picked 3,08,000 equity shares, which comprises over 4.2 per cent stake in the Inflame Appliances, according to the shareholding pattern of the company available on the BSE.
The counter in the last one year has gained around 53 per cent outperforming both BSE Sensex, up over 1 per cent, and BSE Small-cap, down over 2.5 per cent during the same period. The stock on Friday closed nearly 1.5 per cent higher on the BSE against a 0.65 per cent rise in the S&P BSE Sensex.
Inflame Appliances is the only new stock that has been added by the ace investor in his portfolio in June 2022 quarter. While he has added some extra stakes in preexisting portfolio companies such as Gravita India, Faze Three, Xpro India, Fineotex Chemical and Yasho Industries in June quarter.
The company in March quarter become profitable as it reported profit of 17 lakhs as compared to loss of Rs 1.6 crore year-on-year. Similarly, its revenue surged almost four and half fold during the March quarter to Rs 25.25 crore as compared to Rs 5.83 crore in the same quarter a year ago.
Kacholia has stayed out in at least 7 stocks, while have reduced stakes in three counters namely – ADF Foods, Vishnu Chemicals, and Mold-Tek Packaging by up to 1 per cent during the June quarter so far, according to their respective shareholding patterns.
The renowned investor Ashish Kacholia publicly holds 37 stocks with a net worth of over Rs 1,627.9 crore, as of July 16, 2022, as per the stock analysis website trendlyne.com.