Why did Jhunjhunwala's partner sell 11 crores in shares? | SJS Enterprises
22 Aug, 2023
SJS Enterprises' stock market dropped by more than 3%. On August 18, India's seasoned investor Ashish Kacholia purchased 1.8 lakh shares in SJS Enterprises. He sold 0.6% of his stock in SJS in a bulk transaction for Rs.640 per share.
Ashish Kacholia's Shares
3 lakh shares of SJS Enterprises changed hands, which is around half of the monthly traded average. So far in 2023, this stock has returned almost 25%. In contrast, this stock has returned roughly 35% in the last year. However, on previous Friday, August 18, this stock finished at Rs 639.65 a share on the NSE, representing a 1% rise. At the end of June, Ashish Kacholia owned 4.34% of SJS Enterprises. In November 2021, this stock was listed on both exchanges.
Ashish Kacholia established Lucky Securities, a brokerage firm, in 1995. Hungama Digital was founded in 1999 in collaboration with Rakesh Jhunjhunwala. He began putting out his own portfolio in 2003.
