Abhu Dhabi fund buys stake in Ashish Kacholia-owned multibagger stock that surged 650% in 2 years

Gravita India is one of the multibagger stocks that Dalal Street has produced in post-Covid rebound. In last two years, this Ashish Kacholia-owned stock has surged from ₹45 to ₹345 apiece levels, logging around 650 per cent return in last two years. In last one year, this multibagger stock has ascended from around ₹200 to ₹345 apiece levels, logging more than 70 per cent rise in last one year.

Ashish Kacholia shareholding

As per the shareholding pattern of this multibagger stock for April to June 2022 period, Ashish Kacholia holds 12,49,608 Gravita India shares or 1.81 per cent stake in the company. In January to March 2022 quarter, Ashish Kacholia was holding 9,33,304 shares or 1.35 per cent stake in the company. This means, Ashish Kacholia raised his stake in this company during April to June quarter by adding 3,16,304 more shares of the company during Q1FY23.

FPI shareholding in Gravita India

In Gravita India shareholding pattern for Q1FY23, FPI holds 7,82,210 shares or 1.13 per cent stake in the company. However, in January to March 2022 shareholding pattern of Gravita India Ltd, FPI were holding 8,38,267 shares or 1.21 per cent stake in the company. This means, FPIs trimmed their stake in the company by offloading 56,057 shares of the company.

However, other ace investor Atul Kuchhal has kept his shareholding steady in Gravita India. In January to March 2022, Atul Kuchhal was holding 14,79,156 Gravita India shares, which he kept unchanged during April to June 2022 quarter.