Ashish Kacholia adds 3 stocks, cuts 13 holdings in Q2FY27

Investor Ashish Kacholia added three companies to his reported Rs 3,000 crore portfolio, raised stakes in two existing holdings and reduced positions in 13 companies during the second quarter of FY27. Economic Times Markets reported the changes on October 22, citing Trendlyne data.

The new holdings were ESDS Software Solutions, Ardee Industries and Credent Connect N Care. Fineotex Chemicals and Brand Concepts were described as possible exits because his holdings fell below the 1% disclosure threshold—not because a sale of every share had been established.

Three new holdings, two increased stakes

Kacholia acquired more than 2% of newly listed ESDS Software Solutions, according to the reported data. The stock had gained 202% since its listing the previous month, when it debuted at a 76% premium.

His other new positions were a 1.5% stake in Ardee Industries and a 1.2% holding in Credent Connect N Care. Their shares had declined 35% and 10%, respectively, over the preceding year.

He also increased his holdings in Indo SMC and Stove Kraft, although the report did not specify the size of those increases. Indo SMC, which manufactures electrical enclosures, transformers and switchgear for power distribution, had gained 160% during the calendar year. Home and kitchen appliance manufacturer Stove Kraft had risen 45% over the same period.

Where holdings were reduced

Fineotex Chemicals and Brand Concepts fell below the reported 1% disclosure threshold. A holding below that level can still represent a continuing investment, so neither position can be treated as a confirmed complete exit.

Fineotex Chemicals, a supplier of speciality performance chemicals and enzymes, had rallied 126% over the preceding six months. Brand Concepts had declined 61% since the start of the year; Kacholia had previously held a 1.4% stake for three consecutive quarters.

Dhabriya Plywood was also named among the reductions. The remaining ten companies were Safari Industries, Faze Three, Shaily Engineering, Texel Industries, Beta Drugs, Yasho Industries, Knowledge Marine Engineering, Carysil, Advait Energy and Xpro. The report did not give the size of these stake cuts.

Reshuffle amid market pressure

The portfolio changes came against a difficult market backdrop. The report put foreign institutional investor withdrawals at more than Rs 3 lakh crore in calendar 2026 and cited rising bond yields, higher crude oil prices and tighter monetary conditions as pressures on sentiment.

It also said the Nifty had recorded eight consecutive weekly declines before a rebound the previous week, describing that run as its longest losing streak since 2001.

The reported shareholding changes do not disclose Kacholia’s purchase or sale prices, or his reasons for individual decisions. The stock returns cited cover different periods and should not be read as returns earned by his portfolio.