Ashish Kacholia-backed smallcap stock tanks 34% in just two sessions. What’s behind the selloff?
Shares of Jain Resource Recycling, backed by ace investor Ashish Kacholia, came under heavy selling pressure on Tuesday, plunging as much as 19% to an intraday low of Rs 377 on the BSE. The stock has now fallen 34% over the last two sessions. As per the March quarter shareholding pattern, Kacholia held 1.14% stake…