Ashish Kacholia sold 9,71,000 shares of this small-cap company that provides workspace solutions in India
The stock is up by 76 per cent from its 52-week low of Rs 371.75 per share.
On Wednesday, shares of Awfis Space Solutions Ltd jumped 1.11 per cent to Rs 653.95 per share from its previous closing of Rs 646.75 per share with an intraday high of Rs 659.60 per share and an intraday low of Rs 643.45 per share. The stock’s 52-week high is Rs 945.70 per share and its 52-week low is Rs 371.75 per share.
Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India. Awfis Space Solutions provides a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customised office spaces for startups, small and medium enterprises as well as for large corporates and multi-national corporations. ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, and Emkay Global Financial Services Limited are the book-running lead managers to the public issue.
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An ace investor, Ashish Kacholia, sold 9,71,000 shares of this small-cap company and decreased his stake to 2.51 per cent in March 2025 compared to 3.89 per cent in December 2024.
In Q3FY24, the company reported net sales of Rs 318 crore and net profit of Rs 15 crore while in FY24, the company reported net sales of Rs 849 crore and net profit of Rs 58 crore. The company has a market cap of over Rs 4,600 crore. The stock is up by 76 per cent from its 52-week low of Rs 371.75 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.