These stocks from the portfolio of Ashish Kacholia are surging, despite negative market sentiments!

Garware Hi-tech Films Ltd, HLE Glasscoat Ltd, and Xpro India are trading positive in today's session.

S&P BSE Sensex opened in red at 55373.18, 0.54 per cent down from its previous close. After the start of today's trading bell, selloff has continued. At 1:14 pm on June 7 2022, S&P BSE Sensex is trading at 55051.64. 

There is a negative market action today as trader are keeping their positions light before the RBI monetary policy meeting, which is scheduled for tomorrow. However, the stocks which Ashish Kacholia recently added are showing great action today.

Ashish Kacholia is famously known to pick hidden gems from the small to midcap range for long term investments. He had co-founded Hungama Ltd with Rakesh Jhunjhunwala in 1999, later, started focusing on managing his own portfolio. He had invested early in multibagger stocks like APL Apollo Tubes Ltd, Apollo Tricoat, Birlasoft, Vaibhav Global, NIIT Ltd, etc. Currently, he holds Rs 1,948.7 crore worth of stocks in his portfolio.

In the lastest quarter, Kacholia purchased additional 0.7 per cent stake in Xpro India Ltd, holding in total 3.7 per cent stake in the company. Today, On June 7, 2022, the stock is 5 per cent up, trading at its upper circuit price for the day at Rs 1220.2. The stock has shown strong momentum upwards and has gained more than 20 per cent in just the last four trading sessions. The stock has rallied due to strong Q4 results and a positive news regarding bonus share issue.

Recently, he also increased his stake from 3.3 per cent to 3.7 per cent stake in Garware Hi-tech Films Ltd. At 1:14 pm, the stock is trading at Rs 689.2, 3.65 per cent higher today. The company recently had reported excellent Q4 results where their net profit rose by 42 per cent on YOY basis.

HLE Glasscoat Ltd, one of his holdings, announced stock split yesterday on June 6, 2022. Today, at 1:14 pm, the shares of HLE Glasscoat are trading 1.25 per cent up for the day at Rs 3462. 

All of the three stocks are backed by strong fundamentals and are trading positive despite weak market action day.