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Legends February 19, 2026 Equity Research @ eCalcy 10 min read

Ashish Kacholia: Finding Multibaggers in Small Caps

Learn how the 'Big Whale' of the Indian stock market identifies high-growth small-cap companies before they become mainstream.

Ashish Kacholia: Finding Multibaggers in Small Caps

Ashish Kacholia is known as the 'Big Whale' for a reason. He has an uncanny ability to spot small-cap companies that have the potential to grow into industry leaders.

The Small-Cap Edge

Kacholia focuses on companies where the market hasn't yet realized the potential. He looks for high quality management, low debt, and a massive runway for growth. His portfolio often features names that later become household words in the stock market circles.

Patience in the Midst of Volatility

Investing in small caps is not for the faint-hearted. Kacholia's success comes from his ability to ignore short-term price fluctuations and focus on the fundamental business growth. He often holds his winning positions for many years, allowing the 'Multibagger' magic to happen.

Put this into practice

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