Ashish Kacholia trims stake in this small-cap stock. Do you own?

Ashish Kacholia portfolio: Shares of United Drilling Tools Ltd have been under base building mode after ushering in 2022. In last one and half years, this small-cap Ashish Kacholia stock has shed from around ₹585 to ₹190 apiece levels, losing more than 65 per cent in this time horizon. Probably, ace investor Ashish Kacholia believes that the stock may further go down as he has cut down his stake in the small-cap company. As per the details of NSE deals available on official website of NSE, Ashish Kacholia as offloaded 1,58,390 company shares at ₹190.49 apiece. This means, Ashish Kacholia has sold out stake in United Drilling Tools Ltd by phishing out company shares to the tune of ₹3,01,71,711.1 or around ₹3.01 crore.

Ashish Kacholia shareholding

According to shareholding pattern of United Drilling Tools Ltd for January to March 2023 quarter, Ashish Kacholia holds 5,70,817 or 2.81 per cent stake in the company. After selling out 1,58,390 company shares, total shares left with the 'Big Whale' of the Indian stock market is 4,12,427, which is 2.03 per cent of the total paid up capital of United Drilling Tools Ltd. This means, Ashish Kacholia offloaded 0.78 per cent stake in the company after selling out company shares to the tune of ₹3.01 crore.

After march 2023 quarter, Ashish Kacholia had remained steady on this small-cap stock despite heavy losses in the scrip. As per the shareholding pattern of United Drilling Tools Ltd for October to December 2022, Ashish Kacholia was holding same 5,70,817 company shares or 2.81 per cent stake in the company.

United Drilling Tools share price history

After climbing to life-time high in mid-January 2022, United Drilling Tools Ltd share price has been under sell off heat and the stock has remained an ideal 'sell on rise' stock on Dalal Street. In last one and half years, it has shed from around ₹585 to ₹190 apiece levels, losing to the tune of 67 per cent in this time. In last one month, this small-cap stock has slashed around 17 per cent whereas in last six months, it has lost over 25 per cent.

In YTD time, this Ashish Kacholia portfolio share has fallen from around ₹265 to ₹190 apiece levels, losing over 28 per cent in 22023. In last one year, this small-cap Ashish Kacholia share has tumbled from ₹460 to ₹190 per share levels, logging near 60 per cent dip in this time.