Ashish Dhawan Adds 35 Lakh Shares of This Company

Ace investor Ashish Dhawan has bought nearly 35 lakh shares of

across two trading sessions, triggering a sharp reaction in the stock. According to NSE bulk-deal data, Dhawan purchased 18 lakh shares at ₹232 each on August 28 and another 16.98 lakh shares at ₹237 each on August 31. Following the buying, Religare shares rallied as much as 4.5% to ₹254, taking the two-session gain to nearly 9%. How Significant Is the Buying? Dhawan already held around 5.24% in Religare, making the fresh purchases a significant addition to his position. His overall stock portfolio is valued at more than ₹2,500 crore, and during the June quarter he had also increased his holdings in IIFL Finance and Bluspring Enterprises. But Religare's Q1 Was Mixed The buying comes despite a mixed Q1 performance: Consolidated total income: ₹2,358 crore, up 26% YoY Consolidated loss: ₹47 crore vs ₹8 crore profit YoY Care Health Insurance GWP: up 37% Religare Broking PAT: ₹7.5 crore, up 65% So while consolidated profitability remains under pressure, some of Religare's individual businesses are showing meaningful improvement. My View The interesting part is that a large investor is increasing exposure despite the consolidated loss. This suggests Dhawan may be looking beyond the near-term earnings numbers and focusing on the potential of Religare's underlying businesses and longer-term restructuring. But investors should not blindly follow an ace investor.