The market has been under pressure for a few months now. This rollercoaster ride is partly attributed to persistent FII (Foreign Institutional Investor) selling, which has weighed heavily on investor sentiment. Adding to the caution, the broader Asian markets have also been underperforming, raising concerns about the global economic outlook.
The Benchmark Indices concluded Thursday’s trading session negatively, with the Sensex decreasing by 200.85 points, or 0.27 percent, ending the day at 73,828.91. Meanwhile, the Nifty 50 index decreased by about 73.3 points, equivalent to a fall of 0.33 percent, and closed in the red at 22,397.2.
Over the previous five trading sessions, the Nifty 50 index experienced a fall of about 0.65 percent, while the Sensex saw a decline of around 0.7 percent. Amid a volatile market, stocks linked to renowned investor Ashish Kacholia are currently trading at discounts, presenting an intriguing opportunity for investors.
Following are a few Ashish Kacholia stocks trading at a discount of up to 66 percent to keep in your watchlist:
1. Zaggle Prepaid Ocean Services Limited
With a market cap of Rs. 4,372.4 crores, the stock surged nearly 2 percent to Rs. 333.5 on Thursday. The stock hit its 52-week high at Rs. 597 on 17th December 2024, and compared to its closing price of Rs. 325.8, the stock is trading at a discount of nearly 45 percent.
In Q3 FY25, the company’s revenue from operations increased by around 68.5 percent to Rs. 337 crores, while the net profit grew by nearly 33.3 percent YoY to Rs. 20 crores. According to the latest shareholding pattern with the BSE, the ace investor Ashish Kacholia holds a 2.16 percent stake in Zaggle Prepaid.
Incorporated in 2011, Zaggle is a uniquely positioned player in the FinTech industry, offering a diversified range of products and services. It builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, and startups through automated and innovative workflows.
2. Balu Forge Industries Limited
With a market cap of Rs. 4,953.3 crores, the stock surged nearly 3 percent to Rs. 462.8 on Thursday. The stock hit its 52-week high at Rs. 890 on 24th September 2024, and compared to its closing price of Rs. 452.6, the stock is trading at a discount of nearly 49 percent.
In Q3 FY25, the company’s revenue from operations increased by around 74 percent to Rs. 256 crores, while the net profit grew by nearly 136 percent YoY to Rs. 59 crores. According to the latest shareholding pattern with the BSE, the ace investor Ashish Kacholia holds a 1.73 percent stake in Balu Forge.
Balu Forge Industries Limited, formerly known as Amaze Entertech Limited, is engaged in manufacturing and supplying a wide range of fully finished and semi-finished forged crankshafts and forged components to OEMs worldwide with manufacturing facilities at Belagavi in Karnataka.
3. Jyoti Structures Limited
With a market cap of Rs. 1,928.7 crores, the stock surged nearly 1.5 percent to Rs. 16.42 on Thursday. The stock hit its 52-week high at Rs. 37.06 on 5th November 2024, and compared to its closing price of Rs. 16, the stock is trading at a discount of nearly 57 percent.
In Q3 FY25, the company’s revenue from operations increased by around 144.6 percent to Rs. 137 crores, while the net profit grew by nearly 1000 percent YoY to Rs. 11 crores.
According to the latest shareholding pattern with the BSE, ace investor Ashish Kacholia holds a 2 percent stake in Jyoti Structures. Jyoti Structures Limited is engaged in manufacturing transmission line towers, sub-station structures, tall antenna towers and masts.
In addition, JSL is also a leading player in Turnkey/EPC projects of extra high voltage transmission lines and procurement of major bought-out items, supply of lattice and pipe type structures, civil works, erection, testing and commissioning of switchyard/substations and distribution networks.
4. Walchandnagar Industries Limited
With a market cap of Rs. 826 crores, the stock surged 5 percent to Rs. 155.4 on Thursday. The stock hit its 52-week high at Rs. 438 on 1st August 2024, and compared to its closing price of Rs. 149, the stock is trading at a discount of nearly 66 percent.
In Q3 FY25, the company’s revenue from operations increased marginally by around 5.4 percent to Rs. 59 crores, while the net loss decreased by nearly 10.5 percent YoY to a loss of Rs. 17 crores.
According to the latest shareholding pattern with the BSE, the ace investor Ashish Kacholia holds a 2.6 percent stake in Walchandnagar Industries.
Walchandnagar Industries Limited is a certified Heavy Engineering and Project execution company with diversified business offerings across core sectors with hi-tech manufacturing, engineering products and engineering services.
Written by Shivani Singh
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