Porinju Veliyath & Dolly Khanna Forum

Porinju Veliyath's EQ India Fund bought 48,000 shares of Vadilal Industries at Rs 590.24 each in a bulk deal on the NSE.

The seller of the shares bought by Porinju was Ashish Kacholia.

Ashish Kacholia sold 3.62 lakh shares (equal to 5.04 percent equity) of Vadilal Industries at Rs 612.18 each on Monday at the National Stock Exchange. He also sold 56,260 shares on the BSE Ltd.

Vadilal Industries is doing well operationally. It reported 28 percent year-on-year rise in net profit to Rs 32 crore in the April-June 2018 quarter. Operating margins increased by 550 basis points to 24.2 percent.

However, the Revenue decreased 4 percent to Rs 229 crore during the three-month period.

what is the reason Ashish Kacholia has dumped vadilal? Is the dispute and power tussle among brothers reason to dump it? What makes Porinju think differently than Ashish kacholia to buy the stock?

valuepicker wrote: ↑Fri Aug 24, 2018 9:54 pm what is the reason Ashish Kacholia has dumped vadilal? Is the dispute and power tussle among brothers reason to dump it? What makes Porinju think differently than Ashish kacholia to buy the stock?

Can't think of any other reason for the desperate sale. There may also be audit problems which may not be in public domain yet. Porinju's investment is relatively a small amount compared to that of Ashish Kacholia.