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Ace investor Ashish Kacholia’s bet on newly listed Jain Resource Recycling has turned into a multi-bagger in just under seven months, delivering a hefty 156% return since his investment in March this year.Kacholia, often dubbed the “Big Whale” of Dalal Street for his knack for spotting emerging companies early, had invested Rs 50 crore in Jain Resource Recycling through his investment arm Bengal Finance & Investments Private Limited on March 13, 2025. At the time, the average acquisition cost worked out to Rs 638.28 per share for a total of 7,83,375 shares.Following a stock split in the ratio of 1:5, announced with a record date of March 27, 2025, the number of shares held by Bengal Finance rose fivefold to 39,16,875, while the average cost per share adjusted downward to Rs 126.75.The stock debuted at the upper end of its IPO price band at Rs 232 and listed with a 14% premium, buoyed by strong investor demand. It went on to rally nearly 50% from its issue price before easing to Rs 324, where it closed on Tuesday, valuing Kacholia’s holding at about Rs 126.9 crore — more than doubling the initial investment in less than seven months. The impressive run translates to a return of roughly 156% from the average acquisition price.Ashish Kacholia recently invested in five IPOs during a busy period for listings, especially in September 2025. These IPOs include•Suba Hotels: Raised Rs 21 crore from anchor investors, including Kacholia.•Ganesh Consumer Products: A leading packaged food company in East India, attracting Kacholia’s investment in the anchor book.•Vikran Engineering: Backed by The Wealth Company with Kacholia and Mukul Aggarwal as investors.•Euro Pratik Sales: Shares listed mid-September with backing from Kacholia.•Patel Chem Specialities: Ahmedabad-based excipient maker invested in by Kacholia through Bengal Finance and Investment, trading on the BSE SME platform. The stock has risen nearly 45% since its August 1 listing. Known for building concentrated positions in small and mid-cap companies with scalable business models, his portfolio moves are often closely tracked by retail investors and market watchers alike.Also read: Forget GMP! How this Rs 900 crore Edelweiss IPO fund picks winning stocks before listingThe latest gains from Jain Resource Recycling add to a string of successful bets the ace investor has made in recent years, reinforcing his reputation as one of the most astute stock pickers in India’s equity markets.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Prime Minister Narendra Modi highlighted India’s remarkable progress in the telecom sector during the inauguration of the 9th edition of the India Mobile Congress (IMC) 2025 on Wednesday.Speaking at the Yashobhoomi Convention Centre in Dwarka, Delhi, he said the growth of India Mobile Congress and the country’s achievements in telecom are a testament to the strength of the Aatmanirbhar Bharat vision.PM Modi recalled that India, which once faced challenges with 2G connectivity, has now successfully expanded 5G networks to nearly every district across the nation. This transformation, he said, demonstrates how innovation, self-reliance, and technology are driving India’s digital revolution and enabling faster connectivity and modern infrastructure nationwide.After inaugurating the 9th edition of the India Mobile Congress (IMC 2025), Prime Minister Narendra Modi said, "IMC events are no longer limited to just mobile or telecom. In just a few years, this IMC event has become Asia's largest digital technology forum."He added that this success story reflects India’s progress in technology and innovation, driven by the country’s tax-saving mindset, its talented youth, skilled individuals, innovators, and startups. "This has been possible because today the government stands firmly behind the country's talent and capabilities," the Prime Minister said.India Mobile Congress 2025 Theme: Innovate to TransformOrganised jointly by the Department of Telecommunications (DoT) and the Cellular Operators Association of India (COAI), IMC 2025 will run until 11 October. The theme, ‘Innovate to Transform,’ highlights India’s growing role in driving digital transformation and using innovation to boost societal and economic development.Global Leaders and Technology Experts Gather for IMC 2025The four-day event brought together global leaders, policymakers, industry experts, and innovators to showcase the latest advancements in telecom and emerging technologies. Key focus areas include 6G, quantum communications, semiconductors, optical networks, and cyber fraud prevention, reflecting India’s vision to strengthen next-generation connectivity and digital security.Participation and Exhibits at IMC 2025This year’s edition features more than 400 companies, around 7,000 global delegates, and over 1.5 lakh visitors from more than 150 countries. The event showcases over 1,600 new technology use-cases in areas such as 5G and 6G, artificial intelligence, smart mobility, cybersecurity, quantum computing, and green technology. Attendees have the opportunity to participate in more than 100 sessions and listen to 800 speakers from across the world.Strengthening International PartnershipsIMC 2025 aims to reinforce India’s leadership in global digital transformation and enhance international collaboration. Delegations from countries including Japan, Canada, the United Kingdom, Russia, Ireland, and Austria are participating, underlining India’s growing influence in the global telecom and technology ecosystem.