Ashish Kacholia buys 2.13% stake in multibagger smallcap stock via bulk deal

Ace investor Ashish Kacholia on Friday bought 231,683 shares of Raghav Productivity Enhancers, representing a 2.13% stake through a bulk deal on the BSE.

According to the data on the exchange, the shares were sold at Rs 842 apiece, a discount of 1% to the previous closing price.

In the September quarter, Kacholia added a stake in Shankara Building, Megastar Foods and Xpro India. Further, as per the latest filings, the investor holds 41 stocks with an estimated net worth of over Rs 1,919.3 crore, Trendlyne data shows.

Shares of Raghav Productivity Enhancers ended 12.29% higher at Rs 954 on Friday. The stock, on a year-to-date basis, yielded a 28% return, while its three years return is at about 800%.

With an m-cap of Rs 1,037 crore, Raghav Productivity Enhancers operates as a stone supplier. The company also manufactures and exports ferroalloys, ramming mass, silica ramming mixes, and pig iron.