Ashish ‘Big Whale’ Kacholia has acquired a 3.3% stake in this company

Ashish ‘Big Whale’ Kacholia has acquired a 3.3% stake in this company

Investment in shares of this marketer and distributor of networking products one month back would have generated a 50% return.

This company is primarily engaged in the marketing and distribution of networking products. It operates through a distribution network with a wide range of product portfolios and solutions with a nationwide reach across India. The company is a leader in the shipment of switches and wireless local area network products with a market share of 30% and 40%, respectively.

Its portfolio includes different kinds of routers, switches, wireless devices, surveillance, network security, structured cabling, network infrastructure and optical transport network products.

The company where Ashish Kacholia aka ‘The Big Whale‘ acquired a 2.3% stake is D-Link (India) Ltd. The investment has brought the stock to the limelight with the stock has moved up by more than 50% in the last one month only. 

Shares of this company command a market capitalisation of Rs 946 crore, with a 52-week high and low of Rs 272 and Rs 105, respectively. The stock has also outperformed its benchmark index S&P BSE Smallcap by a huge margin in the last one year and is up by 92%.

An investment of Rs 1 lakh one month back would have become Rs 1,56,000, whereas an investment of Rs 1 lakh one year ago would have compounded to Rs 1,92,000 rising from the levels of Rs 137 to Rs 266.

About the shareholding pattern, the promoters own 51.02% ownership in the company, non-institutional investors hold 48.73% and the remaining 0.24% is by FIIs. There are no promoter-pledged shares.

D-Link India Ltd was incorporated as Smartlink Network Systems Limited on May 26, 2008. As per the scheme of arrangement between erstwhile D-Link (India) Limited, Smartlink Network Systems Limited, and their respective shareholders and creditors for demerger of the Marketing Business of erstwhile D-Link (India) Limited in favour of Smartlink Network Systems Limited with effect from April 1, 2008. The name of the company was changed from Smartlink Network Systems Limited to D-Link (India) Limited.