Ashish Kacholia Dumps Multibagger Stock that has Rallied 1,200% in a Year. More Details Inside...

One of the ways to learn is to observe someone with ample experience doing it. An experienced person has a knack for predicting changes. Observing an experienced person can teach you a lot of things...which probably a book cannot.

Similarly, one of the investing strategies is tracking the buying and selling activities of top investing gurus.

Keeping an eye on their portfolios, for example, Vijay Kedia's portfolio, Dolly Khanna's portfolio, or Rakesh Jhunjhunwala's portfolio, among others, often helps an investor in making investment decisions.

In this article, we'll discuss about a multibagger stock recently dumped by Ashish Kacholia.

Who is Ashish Kacholia?

When we talk about successful investors in India, it's impossible not to mention Ashish Kacholia.

Kacholia is known for identifying the best multibagger stocks. He is known as the 'Big Whale' of the Indian stock market.

Over the years, he has picked 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 along with Rakesh Jhunjhunwala. He is also the proprietor of Lucky Securities.

Which multibagger stock did Ashish Kacholia sell and why?

The latest shareholding pattern of SG Finserve shows that Ashish Kacholia offloaded his stake in the agriculture company during the December 2022 quarter.

As of September 2022, his stake in the company stood at 1.1%. In the quarter ended December 2022, his name does not appear in the list of shareholders holding more than 1% stake.

This implies that Kacholia has either sold all his stake from SG Finserve or a partial stake. Shareholders who hold above 1% stake in a company are made to file their statements.

Kacholia bought a stake in SG Finserve in the recently concluded September 2022 quarter.

While we don't know why he sold shares of SG Finserve, there are some reasons that we can guess...

During the July-September 2022 quarter, promoters of the company bought a big chunk of shares, around 16.8% stake in the company.

In the next quarter that ended on 31 December 2022, promoters sold their stake by a massive 22.2%.

It appears Kacholia is replicating the promoters.

Promoter Holding

Quarter Ending	Dec-21	Mar-22	Jun-22	Sep-22	Dec-22
Total Promoters Stake	56.25	56.25	56.25	73.05	50.88

Source: Equitymaster

This could be one reason...be it investors or promoters, they often book profits after seeing a sharp rise in quick time.

SG Finserve has seen a sharp rise in the year gone by with shares rising from Rs 35.2 to Rs 481.4 at present.

SG Finserv is a new company at a very early growth stage. It commenced operations on 1 September 2022.

Over the last one month, share price of SG Finserve has gained 33%. In a year, the stock has gained 1,270%.

Just a year ago, SG Finserve was trading in double digits below Rs 100, and today, it trades at Rs 481.4.

The company touched its 52-week high of Rs 614.9 on 17 January 2023 and its 52-week low of Rs 36.9 on 24 February 2022.

About SG Finserve

SG Finserve originally incorporated as Moongipa Securities was incorporated on 18 March 1994. The company is engaged in the business of investing activities, investment research, investment banking, and wealth management.

The company's range of services is associated with broking, distribution, investment, research, online trading, wealth management, investment banking, and insurance.

To know more about the company, check out its factsheet and quarterly results.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...