Ashish Kacholia, an Indian investor who's really good with money, has made a lot more of it recently. He managed to earn a whopping ₹25 crore in just three months by making smart investments in a small but promising company. This impressive gain has pushed his overall wealth to more than ₹2000 crore, showing that he's really skilled at making money in the stock market.
The stock that propelled this impressive gain is Balu Forge, a company focused on producing crankshafts for vehicles. Kacholia purchased a 2.16 percent stake in the company at ₹115.45 per share. The stock's current trading value stands at ₹230.45, effectively doubling in a short span of three months, leading to this substantial windfall.
With this strategic investment, the value of Kacholia's stakes has surged to a significant ₹49.9 crore, according to reports from ET Now. The success of this investment adds to Kacholia's already impressive track record in the stock market.
But that's not all; Kacholia's success story extends to another stock, Bharat Bijlee. Having invested in this stock over three-and-a-half years ago at ₹498 per share, it's now trading at an impressive ₹3850 per share, marking a remarkable 700 percent return.
The overall trajectory of Kacholia's investments is evident in his diversified portfolio, holding shares in 36 companies with a collective net worth exceeding ₹2382.2 crore as of September 30, 2023, according to data from Trendlyne.com.
This successful journey shows that Kacholia is really good at finding great investment chances and making smart money choices. It's like a shining example for other investors looking for ideas to grow their money.