On Wednesday, shares of Qualitek Labs surged to their upper circuit limit, locking in a 10% gain, largely due to the notable investment from renowned investor Ashish Kacholia. This small-cap stock climbed to ₹322.05 per share on the Bombay Stock Exchange (BSE), marking the third consecutive session it has reached this maximum price limit.
Ashish Kacholia’s Impact on Qualitek Labs
The latest data reveals that Ashish Kacholia, a prominent figure in the investment community, acquired a considerable stake in Qualitek Labs, as highlighted in the company’s shareholding pattern for the quarter ending March 2025. Kacholia now holds 5,06,400 equity shares, which equates to a 5.07% ownership in the company. This development is particularly significant as Kacholia was not listed as a shareholder in the previous report from September 2024.
Changes in Shareholding
- Promoter Shareholding: Decreased to 54.19% in March 2025 from 73.35% in September 2024.
- Public Shareholding: Increased to 45.81% from 26.65% during the same period.
This shift indicates a growing interest among public investors, possibly driven by Kacholia’s endorsement.
Stock Performance Over Time
In the last month alone, Qualitek Labs shares have seen an impressive 35% increase, although they have experienced a 12% decline year-to-date. Despite this, the stock has performed exceptionally well over the past year, delivering returns of 104%.
- Recent Milestones:
- IPO Launch: Qualitek Labs entered the stock market on January 29, 2024, debuting at ₹190, which was a 90% increase over its initial issue price of ₹100.
- All-Time High: The stock reached a peak of ₹375 on December 27, 2024 and hit a low of ₹144 on June 7, 2024.
As of 2:35 PM on Wednesday, the shares of Qualitek Labs were firmly locked at the upper circuit price of ₹322.05 on the BSE, signaling strong market confidence.
Conclusion
Qualitek Labs is positioning itself as a significant player in the SME sector, particularly after this recent investment by Ashish Kacholia. Investors will be keen to monitor how this trend continues to evolve as the company navigates the market landscape. If you’re looking for more insights on promising stocks, consider checking out JBM Auto and Olectra Greentech, which have also shown notable gains recently.
