Ashish Kacholia buys new stake in this jewelery stock; Shares rose 16%

As per the recent shareholding pattern on BSE, Kacholia has bought 1.01% stake in the jewelery manufacturer and exporter during the December 2022 quarter, comprising 11,02,527 equity shares. He had no stake in the previous quarter ending September 2022.

Meanwhile, another veteran investor Ramesh Damani and Mukul Agarwal also have stake in the company. Damani holds 1.58% stake as of December 2022, while Mukul Mahavir Agarwal holds 2.75% equity in the company, according to BSE data.

Goldium International is a 3-decade old global exporter of exquisite diamond jewellery, targeting the medium to affordable diamond and bridal jewelery segment. The jewelery stock has declined by over 18% in a span of one year.

Ashish Kacholia Has a diversified portfolio which includes hospitality, education, infra and manufacturing stocks. He is among those marquee investors whose portfolio is closely monitored by stock market participants. Ashish Kacholia holds 44 publicly traded stocks that have a high net worth 1,914 crore as per the trendline.

During the third quarter, he also picked up stake in Raghav Productivity Enhancers Ltd, which is 2.13%. The company is engaged in introducing Reming Mass Mineral. Meanwhile, the investor also raised stake in his portfolio stock Yasho Industries from 2.60 per cent to 3.82 per cent during October-December 2022.