Home Business Why did Ashish Kacholia buy stake in this smallcap stock?

Why did Ashish Kacholia buy stake in this smallcap stock?

The stock market is a tough place for the average investor to survive. There is a lot of noise, confusion and financial jargon. To overcome this dilemma, it is important to learn from the best.

Following in the footsteps of superstars in the stock market is one of the best investment strategies.

When top investing gurus buy or sell a stake in a particular company, everyone’s eyes and ears are wide open.

Today we have brought for you one such activity Ace investor Ashish Kacholia,

Before getting into the details of the stock, let us first get to know Ashish Kacholia.

Who is Ashish Kacholia?

When we talk of successful investors in India, it is impossible not to mention Ashish Kacholia. He has earned a net worth of Rs 17 billion by investing in the Indian stock markets.

Ashish Kacholia is known for Identifying the Best Multibagger Shares, Hence, he is known as the ‘Big Whale’ of the Indian stock market.

Over the years, they have handpicked the best multibagger stocks by looking at the fastest growing companies from the midcap and smallcap space.

He started his career with Prime Securities in 1993. In 2003, he started Hungama Digital Entertainment.

Company with Rakesh Jhunjhunwala. He is also the owner of Lucky Securities.

What did Ashish Kacholia buy recently?

Recently Ashish Kacholia’s name came in the list of key stakeholders of Shankara Building Products.

However, his name did not figure in the list of shareholders holding more than 1 per cent share capital for the quarter ended June 2022.

Ashish Kacholia must have bought the shares between July 2022 and September 2022. It is not known whether he picked up the shares gradually or in a single trade.

At the end of September 2022, he holds a 1.9 percent stake in Shankara Building Products.

Why did Ashish Kacholia buy Shankara Building Products?

While we can’t know for sure why Star Investor bought into it, there are a few reasons we can speculate…

Due to the nature of its business, Shankara Building Products is directly influenced by the growth prospects of the realty sector.

With Covid-19 finally slowing down, India is back on its feet and all set to become one of the fastest growing economies in the world.

Reportedly, the realty sector will contribute around 13 per cent to India’s GDP by 2025, with the market expected to reach $1 trillion by 2030.

so it seems India is making Fast and it is expected that the realty sector will boom in future.

Also, another reason could be the financial position of the company which looks promising.

All construction activities have come to a standstill due to the lockdown. Hence its clear impact can be seen in the revenue of Shankar Building Products.

However, the company did not make losses.

The financial position of the company has seen a sharp improvement in FY 2022. Its net profit margin is back to pre-Covid-19 levels.

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How Shankara Building has performed on the stock markets recently

On YTD basis, the share price of Shankara Building has witnessed a sharp rise of 38 per cent.

Its 52-week high was Rs 843 on 22 March 2022. Its 52-week low on 20 December 2021 last year was Rs 477.5.

The stock has gained over 23 per cent in the last one year.

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about the company

Shankara Building was originally incorporated as Shankar Pipes India.

Shankara Building Products retails home improvement and building products. The company provides Steel Pipes & Tubes, Roofing Sheets, Hollow Blocks, Primers etc. It is a one-stop solution for home improvement products.

The company offers over 70 product categories spread over 20,000 SKUs.

Disclaimer: This article is for informational purposes only. This is not a stock recommendation and should not be treated as such.

This article is syndicated from equitymaster.com,

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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