Ashish Kacholia's picks: 12 stocks rally up to 130% in CY26, 3 turned multibaggers; 2 new Q4 bets

An analysis of ace investor Ashish Kacholia's publicly disclosed portfolio for the March 2026 quarter, valued at approximately Rs 3,070 crore across ~51 stocks, up 18% from Rs 2,602 crore in the December 2025 quarter. While 12 stocks in the portfolio rallied between 27% and 132% in CY26 — with three (Aeroflex Industries, V-Marc India, Yasho Industries) turning multibaggers — more than half of the holdings delivered negative returns, including Brand Concepts and Radiowalla Network which fell over 50%. Finbud Financial Services and Indo SMC emerged as new additions to the portfolio in Q4FY26.