Ashish Kacholia picks two fresh smallcap multibagger stocks in June quarter

According to Trendlyne data, Kacholia picked up a 1.6% stake in Ugro Capital and 1.2% in SG Finserve, both companies in which he hasn’t had any holding previously.

UGRO Capital is a data tech lending platform that uses its strong distribution reach and data-tech methodology to solve the small business credit gap. The company’s term loan programmes are ideal for MSMEs, regardless of their specific requirements.

It offers a dedicated programme for secured and unsecured loans aimed at MSMEs and has partnered with large OEMs to provide an end-to-end solution.

The company is majority public-owned with 96.47% stake, while promoters have just 2.19%. Among the public shareholders, Go Digit General Insurance and SBI Life have 5.45% and 1.76% stake respectively. The holding under foreign direct investment is at 16.49%.

Ugro Capital’s shares have more than doubled in investors in the last two years. The company’s stock closed nearly 8% higher on Monday after the stake buy from Kacholia

Meanwhile, SG Finserve offers financial services, providing a wide range of services associated with brokerage, distribution, investment research, online trading, wealth management, and investment banking and insurance.SG Finserve too is majority owned by public shareholders with a 50.6% stake, and promoters have 49.38%.

SG Finserve has delivered blockbuster returns to investors in the last one-year period, rising as much as 500%. On a year-to-date basis, it is up about 77%.

Apart from the above fresh picks, Kacholia has also raised stakes in some of the existing portfolio stocks including Aditya Vision, Yasho Industries, and Agarwal Industrial Corp.

Ashish Kacholia publicly holds 42 stocks with a net worth of over Rs 2,242 crore.

The renowned investor has investments in stocks with a varied portfolio that includes hospitality, education, infra, and manufacturing stocks, as per exchange filings.

Some of the marquee names in his portfolio include Vaibhav Global, Faze Three, Stove Kraft, among others.