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India Business News: Ace investor Ashish Kacholia has secured a 17.2% stake in Jumboking, becoming its second-largest shareholder. The investment, valued between Rs 70-80
When Barbeque Nation went public in 2021, its IPO drew a lot of skepticism. But it always had some big investor names tied to it. Two years later, the company isnt doing that well financially as compared to its peers. However, the company is among the select casual dining restaurants in India with over 200 outlets. How does 2024 look?
There are nine stocks in Ashish Kacholias portfolio that have soared by more than 100% in just seven months, with the newly-listed SME stock Vasa Denticity turning out to be the best performer. Some of his largest bets include Safari Industries, Gravita India, Garware Hi-Tech Films and NIIT Learning Systems, shows data from ACE Equity.
Smaller stocks outperformed Nifty by a wide margin as the index is up only about 8.5% since last Diwali while Nifty Smallcap50 is up 38%, Nifty Microcap 250 has advanced 51% and Nifty SME Emerge has zoomed 69%.
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