Ashish Kacholia cuts stake in two chemical stocks after 114% rally. What's driving the move?

Ace investor Ashish Kacholia trimmed his stake in Yasho Industries from 2.37% to 2.08% and in Fineotex Chemicals from 2.60% to 2.06% in the March 2026 quarter, booking profits after Yasho rallied 114% in 2026 and Fineotex gained 58% in six months. The exits come against a backdrop of sector headwinds including Iran war-driven raw material shortages, softening discretionary demand, and Chinese capacity expansion pressuring global chemical pricing. Brokerages JM Financial and InCred Equities see Indian chemical companies needing to move up the value chain into specialty chemicals and formulations to stay competitive.