Ashish Kacholia includes this auto stock in his portfolio. do you have

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Ashish Kacholia Portfolio: Auto stocks have been the least underperformed in the recent rally in the market. However, in view of the unlocked activities across the country, the semiconductor crisis is losing its sheen and Omicron’s threatened auto stocks are expected to give a sharp jump in the upcoming trading sessions. Hence the stock market investors are looking towards the auto segment for value pick. To ease the work of retail investors, Ashish Kacholia has included auto sector company Igarashi Motors India in his portfolio.

As per the shareholding pattern of Igarashi Motors India for the October to December 2021 quarter, Ashish Kacholia’s name appears in the list of individual shareholders holding 1 per cent or more stake in the company. In the company’s Q3FY22 shareholding pattern, Ashish Kacholia holds 3,99,550 shares or 1.27 per cent stake in the company. However, if we look at the company’s shareholding pattern for the September 2021 quarter, Ashish Kacholia’s name is missing from the list of individual shareholders in the company. This means that the veteran investor has bought these shares during the October to December 2021 quarter.

Igarashi Motors India Share Price Outlook

Like Ashish Kacholia, stock market experts are also bullish on the shares of Igarashi Motors India. He believes that this new stock of Ashish Kacholia may go up 600 levels in the near term.

Advising momentum buying at current levels; Mudit Goel, Senior Research Analyst, SMC Global Securities said, “The stock looks positive on the charts and one can look at buying momentum in the counter for an immediate short term target. Maintaining a stop loss at 570 500 per level.”

For positional investors looking to buy this stock for short term; Sumeet Bagdia, executive director, Choice Broking, said, “As long as the strategy for over-the-counter buying should be done, it should be sustained. 500 level maintaining stop loss 475 levels. stock may go up 600 levels in the near term.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.

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Usama Younus

Usama Younus is the owner and super admin of the site he's is an expert in news editing, tech and entertainment magazine management, and articles editing E.T.C.

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