Ashish Kacholia's portfolio stocks surge up to 180% in 2026
Four multibaggers and one new addition highlight investor's Q2 performance
1Portfolio overview
Ashish Kacholia disclosed stakes in 33 companies exceeding 1% ownership as of June 2026 quarter. His total portfolio value grew 19% from Rs 2,602 crore in December 2025 to Rs 3,102 crore by September 2026. The analysis excludes positions below 1% threshold, potentially omitting parts of his complete investment strategy. Fifteen stocks delivered over 25% returns year-to-date, with ten gaining between 40-180% and four becoming multibaggers.
2Top performer details
The highest-performing stock in Kacholia's portfolio surged 181% from Rs 1,424 to Rs 4,002 in CY26, with his 2.08% stake valued at Rs 100 crore. Another stock gained 165% from Rs 193 to Rs 511, where his 2.27% stake equals Rs 154 crore. These positions demonstrate Kacholia's ability to identify high-growth opportunities in the Indian equity market, particularly in mid-cap segments where such dramatic appreciation occurs.
3New portfolio addition
Asian Energy Services entered Kacholia's portfolio in Q2 2026 with a 1.18% stake worth Rs 28 crore. The stock has already gained 74% year-to-date, rising from Rs 283 to Rs 492. This addition suggests Kacholia's continued focus on energy sector opportunities, though his relatively small position size indicates either limited conviction or early-stage accumulation in this particular company.
4Multibagger composition
Four stocks in the portfolio more than doubled investors' money, becoming multibaggers. One climbed 121% from Rs 386 to Rs 852 with Kacholia holding 3.04% (Rs 194 crore). Another gained 131% from Rs 25 to Rs 57 with 2.06% ownership (Rs 137 crore). These concentrated positions demonstrate how select high-conviction bets can disproportionately impact overall portfolio performance.
5Mid-tier performers
Several stocks delivered solid 40-60% returns. One rose 56% from Rs 339 to Rs 529 (1.91% stake worth Rs 40 crore), while another gained 54% from Rs 1,877 to Rs 2,887 (2.89% stake worth Rs 204 crore). A third advanced 66% from Rs 2,120 to Rs 3,526 (1.61% stake worth Rs 120 crore). These mid-range performers contribute to portfolio stability between high-flyers and laggards.
6Large-cap exposure
Kacholia maintains significant positions in larger companies, including one where his 5.2% stake equals Rs 754 crore after a 39% gain from Rs 2,262 to Rs 3,149. Another large holding shows 45% appreciation from Rs 572 to Rs 829 with 1.74% ownership (Rs 48 crore). These positions provide portfolio balance and liquidity compared to smaller, more volatile holdings.
7Portfolio construction
Kacholia's portfolio shows strategic position sizing with stakes ranging from 1.18% to 5.2%. The distribution includes high-growth small/mid-caps alongside stable large-cap positions. His approach combines concentrated bets (3-5% stakes) in select companies with smaller positions in emerging opportunities, creating a balanced risk-reward profile across market capitalizations.
8Investor implications
Kacholia's Q2 2026 portfolio demonstrates the potential of disciplined stock selection in India's growth markets. While past performance doesn't guarantee future results, the 19% overall portfolio growth and multiple multibaggers validate his investment framework. Retail investors should note his sector allocations and position-sizing strategies rather than blindly following specific stock picks.
Original article: Economic Times — Ashish Kacholia's portfolio stocks surge up to 180% in 2026