I reported yesterday that Ashish Kacholia bought 295,850 shares of Welspun Syntex at Rs. 118.08 per share, making an investment of Rs. 3.50 crore.
To everyone’s surprise, Ashish Kacholia turned up today as well at the Welspun Syntex counter and scooped up an even bigger chunk of 615,143 shares. He paid Rs. 124.32 per share amounting to Rs. 7.64 crore.
This means that in just two days, Ashish Kacholia has dropped Rs. 11.14 crore on the purchase of Welspun Syntex stock without batting an eyelid.
The indication is that Ashish Kacholia has not got his fill. On both days, his aggressive buying action tripped the upper circuits at the Welspun Syntex counter, and probably frustrated his attempt to scoop up all the stock in sight.
Ashish Kacholia may have made a foray into Nandan Denim as well, which is known to be Dolly Khanna’s favourite textile stock. Dolly holds 506,754 shares of Nandan Denim as of 30.06.2015.
Either Ashish Kacholia or some other heavy duty investor launched a sudden and aggressive buying action of Nandan Denim stock today. This sent the stock price surging 17%. It settled at 15.70%. About 10.57 lakh shares were traded at NSE and 3.41 lakh shares at BSE.
When I last checked, Dolly Khanna’s fans and Nandan Denim’s shareholders were grinning from ear to ear at the hefty gains that have effortlessly come their way. In fact, since the time (08.04.2015) I reported that Dolly Khanna has bought a stake in Nandan Denim, the stock is up an incredible 101%!
If you want to study the merits of Nandan Denim, you can read up the reports by Sunidhi Securities, Daljeet Kohli and Nirmal Bang.
RSWM is another textile stock of Dolly Khanna that warrants study. Dolly holds 2,87,542 shares of RSWM as of 30.06.2015. Two other ace stock pickers, Anil Kumar Goel and Kenneth Andrade’s IDFC MF, have also entrusted large parts of their capital to RSWM. The best part is that RSWM offers a hefty dividend yield of 3.56%.
RSWM reported so-so numbers for Q1FY15 and so the stock is a bit soft. However, this may be the opportunity for an intrepid investor to tuck into the stock.
Whether RSWM will be able to match the scorching performance of Nandan Denim and Welspun Syntex in the months to come will be keenly watched.
Hey, I just want to tell u that u are doing a good job but 1 more thing u always report on stalwarts of dalal street.. come to mmb u will get stocks much before ashish kacholia, dolly khanna and porinju… we are not high profile like these investors but stock picking is even better than your stalwarts..i am not boasting but that is plain truth…my portfolio is not even 1% of ur big names but stock picking is better.. u reporting ashish kacholia buying welspun syntex, i have been recommending non stop welspun from 40, nitin spinners from 30, welspun india at 80, icil at 60, ndl from 100, sahydari at 84, these are just few examples of my picks and there are many other boarders like me who are doing exceptional job in picking stocks much before stalwarts of dalal street.. I have mentioned my web address of mmb, pls dont refer mmb boarders as only punters, they can give u insights much before the famed stalwarts…Run a story on them too…will be helpful to readers..
My moneycontrol ID is bull_bhai.. do follow and mint money before everyone..
bull bhai ,nice to see u here..following u on mmb.
Hi umang Goyal
Can you send me the link of mmb? I searched in net but did not get link related to mmb.
I too agree with Umang, there are many ace stock picker on MMB Who really gives very good stock pick.. only thing when big investment comes from these investors , it became news havoc..the real thing is do you own study and stick to your own conviction. i can see many stocks who are really not that good fundamentaly just flying because of such investment backing.lastly stock return is not only parameter to find good investor skill… otherwise penny stock who gives return about 500 to 1000% could easily say its good investment skill. i personally analyse stocks like Acrysil,Jenburkt pharma,Relaxo which give me very good return.And more i buy Archies at 18, now its giving me 80% return within 2 months. neither this scenario proves i am good stock picker nor it proves Archies is fundamentally good company.So bet on your own thoughts.
http://mmb.moneycontrol.com/india/messageboardblog/boarders/756d616e6731393931 this link will take u to My ID. also u can search bull_bhai in moneycontrol top boarders list, there are many fake id of my name, u have to check bull_bhai platinum member with 4000+ followers.
Nice to see your comments on moneycontrol.Really nice and good value addition .Hope to keep interacting