Ashish Kacholia Portfolio: Patience is one of the greatest virtues for a stock market investor if he wants to make money from it. NIIT shares are the latest example. IT Education stock has given 145% return to its shareholders in last one year – Growing from ₹120.20 per equity share mark to ₹298 per stock level. The stock is one of Ashish Kacholia’s portfolio stocks and has been under selling pressure for the past one month due to profit-booking. However, market watchers are expecting further upside considering this fall as a buying opportunity.
Speaking on the Ashish Kacholkia Portfolio Stock Outlook; Ravi Singhal, Vice Chairman, GCL Securities said, “NIIT is considered as a human resource provider for IT companies as it is an IT education company. Post-Covid, IT companies are expecting a huge boom in their cloud and digital business. In that case huge job creation numbers are expected from the IT sector in the coming 6 months to a year. Hence, one can expect NIIT stocks to outperform in the medium to long term time-horizon.”
Recommendation for investors to buy this share of Ashish Kacholia; Sumeet Bagdia, Executive Director, Choice Broking said, “NIIT is looking good on the technical charts and one can buy momentum at the current market price for an immediate short-term target. ₹from 325 ₹340. However, one should maintain a strict stop loss on ₹Taking a buy position in the 280 counter.”
Ravi Singhal, GCL Securities, while advising investors to take long term positions in the counter said, “Medium to long term should hold the counter as the stock looks highly bullish in this time horizon. I suggest investors to buy and hold positions. Would recommend. Counter target for six months ₹from 350 ₹375 per stock level.”
Ashish Kacholia NIIT. shareholding in
As per the shareholding pattern of this IT education company for the April to June 2021 quarter, Ashish Kacholia has reduced his stake in the company to 0.26 per cent. In the March 2021 quarter, he held 35,82,835 (2.52 per cent) shares of NIIT, which fell to 30 lakh shares of the company, which is about 2.26 per cent of the company’s net shares.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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