Vijay Kedia increases his stake despite Ashish Kacholia making profits in this jewellery stock

Vijay Kedia Portfolio: Vaibhav Global stock is one of the worst hit stocks in the Indian market. stock marketThe jeweler’s shares have plummeted more than 35 percent in the past six months. However, the star investor Vijay Kedia He seems optimistic about the share price of Vaibhav Global. He increased his stake in this stock from 2.01 per cent to 2.02 per cent during the April-June quarter of 2024, despite Ashish Kacholia booking a profit.

Vaibhav Global Shareholding Pattern

In the shareholding pattern of Vaibhav Global Ltd for the quarter of April-June 2024, Vijay Kedia held 33.50 lakh shares of the company, which is 2.02 per cent of the total paid-up capital of the company. However, in the shareholding pattern of the company for the quarter of January-March 2024, Ashish Kacholia held 33,25,152 Vaibhav Global Shareswhich represented 2.01 per cent of the company’s total paid-up capital. This means that Vijay Kedia increased his stake in Vaibhav Global Limited during the April-June quarter of 2024.

Ashish Kacholia’s shareholding

However, another star investor Ashish Kacholia offloaded his stake in the company during the first quarter of FY2025. In the shareholding pattern of Vaibhav Global for the first quarter of FY2025, Ashish Kacholia’s name needs to be added to the list of names of individual shareholders. In the January-March quarter of 2024, Ashish Kacholia held 17.48 lakh shares of Vaibhav Global, which is 1.06 per cent of the company’s total paid-up capital.

This means that Ashish Kacholia made a profit on this stock during the first quarter of the current fiscal year. However, it would not be easy to determine whether Ashish Kacholia sold all the shares or sold shares to the extent that his holding fell below one percent of the company’s total shares. As per the rules of the stock exchange, a company is required to share the names of all individual shareholders who own one percent or more of the company’s shares.

Disclaimer: The opinions and recommendations above are those of individual analysts or brokerage firms, not those of Mint. We recommend that investors consult with certified experts before making any investment decisions.

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