Ashish Kacholia, a well-known investor in Indian small-cap equities, has increased his holding in Indo SMC Ltd, the recently listed manufacturer of electrical enclosures and components.
According to portfolio disclosures for the June quarter (Q1 FY27), Kacholia raised his stake in the company from 2.46% to 3.00%, adding to his position despite the stock having already rallied approximately 200% in recent trading.
The move comes as Indo SMC reports strong operational momentum, with first-quarter revenue surging 136% year-on-year to ₹88.
The move comes as Indo SMC reports strong operational momentum, with first-quarter revenue surging 136% year-on-year to ₹88.12 crore.
The company, which produces critical infrastructure equipment for the power sector, has seen its shares climb significantly since its initial public offering, attracting attention from retail and institutional investors alike.
Kacholia’s decision to add to the position at these elevated levels suggests he views the current valuation as justified by the underlying business growth and market share gains in the electrical infrastructure space.
Kacholia is known for his contrarian approach and deep research into small-cap companies with strong fundamentals.