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The Economic Times
The Economic Times
Veer Sharma

Ashish Kacholia exits, Madhusudan Kela trims stake in smallcap NBFC stock that's up over 50% in 2026

Ace investors Ashish Kacholia and Madhusudan Kela, known for identifying promising smallcap opportunities early, appear to have trimmed their exposure to NBFC SG Finserve during the first quarter of FY27, booking profit after an impressive 52% rally since the beginning of the year.

Shareholding data available on the BSE shows that Ashish Kacholia's stake in the company fell below the 1% disclosure threshold from 2.37% at the end of the March 2026 quarter, indicating a likely exit. Meanwhile, Madhusudan Kela marginally reduced his holding to 1.44% from 1.46% in the previous quarter.

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