Small-cap Sensation: Ashish Kacholia Snaps Up Stake in Jyoti Structures Despite 120% Rally! Stock Still Below ₹50

Small-cap stock Jyoti Structures has been in the spotlight despite a recent dip in its price. Well-known investor Ashish Kacholia has bought a stake in the company, attracting attention from other investors. On Monday, October 14, the stock dropped nearly 4% during the day, trading at ₹31.37 on the BSE around 2:20 pm, after opening at ₹32.66.

The BSE had earlier asked Jyoti Structures to explain the significant price movements on October 11, ensuring that investors were informed and protected.

Ashish Kacholia’s stake

The latest shareholding data for Jyoti Structures shows that by the end of the September quarter of FY25, Ashish Kacholia owned 2.52% of the company, holding 2,20,36,118 shares.

Interestingly, his name didn’t appear in the shareholding records for the June quarter. This could mean either he had a smaller stake (less than 1%) before, or this is the first time he has invested in the company. The rules only require companies to disclose the names of investors holding more than 1%.

Jyoti Structures stock performance

Jyoti Structures’ stock has performed well over the past year, rising by 118%. Its 52-week high was ₹34.89 on October 10, 2024, while its 52-week low was ₹10.71 on November 1, 2023.