Kacholia increased his stake to 5.4% in Faze Three in the quarter ended September 2023 from 5.23% at the end of the June quarter, according to the public shareholding data available on BSE. Shareholding of individual investors is reflected in the ‘Shareholding Pattern’ of BSE listed companies on reaching 1% stake or above in the company.
The stock jumped 10% on the NSE on Monday as it hit the 52-week high of Rs 479.60. With an unbeaten rally over the last five trading sessions, the stock has gained 30%.
Faze Three’s year-to-date and 1-year gains of 61% and 49% exceed returns of over 8% and 14% given by Nifty50 in the same timeframes.
Since September 2021, Kacholia has been steadily increasing his stake in the company.
The celebrity investor reduced his stake in Safari Industries in the September-ended quarter to 2.1% from 2.29% in the April-June period.
On Monday, the stock today fell over 1% to the day’s low of Rs 4,202.70 on the NSE. It has fallen over 6% in the last five trading sessions.
Kacholia’s profit-booking in the stock comes on the back of multibagger returns given by the counter on YTD (152%) and 12-month basis (146%).
As for SJS Enterprises, Kacholia reduced his equity to 3.23% in the September quarter from 4.34% in the June quarter.
SJS Enterprises shares were up 0.68% around 1 p.m. The stock has given returns of 42% on a YTD basis, and 64% on a 1-year basis.
fondly called the ‘Big Whale’, Kacholia publicly holds 46 stocks with a net worth of over Rs 2,779.5 crore according to Trendlyne.
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