October 26, 2025

Ace investor Ashish Kacholia has turned a brilliant profit from his investment in Jain Resource Recycling, making it a multi-bagger in just over seven months! Starting in March 2025, Kacholia’s firm, Bengal Finance & Investments Pvt Ltd, pumped Rs 50 crore into the recycling firm by buying 7,83,375 shares at Rs 638.28 each. Then came a 1:5 stock split in late March, catapulting his shares to 39,16,875 and slashing the average cost price to Rs 126.75 per share. October 1 was the big day when Jain Resource Recycling hit the stock market with a bang, listing at Rs 232 per share plus a 14% premium. The share price zoomed to Rs 318 after the first trading day, and by October 24, it touched around Rs 400! This soaring price raised Kacholia’s stake worth an eye-popping Rs 157 crore. The share didn’t stop there. It raced ahead for five straight sessions, gaining nearly 30%, fueled by fantastic Q2FY26 results. The company posted an 88% jump in net profit to Rs 98.6 crore, while revenue surged 52% to Rs 2,113.7 crore. EBITDA, a key profit indicator, soared 82% to Rs 160 crore, with operating margins improving to 7.6%. Breaking it down, the Aluminium and Alloys business revenue shot up 115% to Rs 154.5 crore in the first half, the Lead and Ingots segment grew 47% to Rs 1,740 crore, and Copper Ingots climbed 14% to Rs 1,697.8 crore. This strong performance made Jain Resource Recycling irresistible for investors! Known as the “Big Whale” of Dalal Street for his knack to spot potential winners early, Kacholia now owns about 1.1% of this Chennai-based non-ferrous metal recycler. The firm also runs a gold refining unit in the UAE through a subsidiary, adding another feather to its cap. Kacholia has been busy reshuffling his roughly Rs 2,800 crore portfolio in the September 2025 quarter. He added fresh stakes in V-Marc, Pratham EPC Projects, Jain Resource Recycling, Man Industries, and Vasa Denticity. At the same time, he trimmed holdings in Xpro India, Brand Concepts, and Dhabriya Polywood. In trimming, he reduced his stake in Dhabriya Polywood by 0.9% to 5.8%, now holding Rs 24.6 crore worth of shares. Xpro India’s stake dipped by 0.2% to 3.9% but remains Kacholia’s largest holding among the trimmed stocks at Rs 100.1 crore. Brand Concepts also saw a 0.2% stake cut, with Kacholia holding Rs 6.3 crore worth. Interestingly, Kacholia also scooped up shares in newly listed companies Ganesh Consumer and M&B Engineering, picking up 1.46% and 1.27% stakes, respectively. Ashish Kacholia’s ace investment in Jain Resource Recycling is yet another sparkling gem in his legendary portfolio. As the company shines with robust profits and soaring shares, Kacholia once again proves why he’s one of India’s most admired stock market bigwigs. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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