Founded in 1996, V-Marc India manufactures wires & cables. The stock has been a consistent performer, delivering 123% returns in the past 6 months. It has outperformed not only the headline indices Nifty and the BSE Sensex but also provided industry-beating returns. The returns for both indices were 13% and 12%, respectively.
V-Marc shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 459 and Rs 358, respectively, according to Trendlyne data.
The stock is currently trading in an overbought zone, with RSI and MFI at 73 and 84, respectively. A number above 70 is considered to be overbought.
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V-Marc shares ended at Rs 542 on the NSE on Friday, recording a Rs 28.10 per share or 5.5% jump.Kacholia has 50 stocks in his portfolio, which are worth nearly Rs 2,941 crore according to Trendlyne data. He recently picked up Jain Resource Recycling, another smallcap stock.Jain Resources made its market debut on October 1. According to the company’s Red Herring Prospectus (RHP), the shares were allotted to Bengal Finance & Investment Pvt Ltd — an entity associated with Kacholia, in a pre-IPO offer. With this investment, he figures among the top 10 shareholders of the company.
The marque investor, fondly referred to as a ‘Big Whale’, has reduced his stake in Jyoti Structures to below 1% or may have exited the stock.
The shareholding data available on the exchanges reflects an investor’s name only if their stake is 1% or more.
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