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Mukul Agrawal adds 2 smallcap multibaggers in March, trims stake in 3 and likely exits 2 stocks

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April 13, 2024
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Mukul Agrawal adds 2 smallcap multibaggers in March, trims stake in 3 and likely exits 2 stocks
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In a significant rejig of his stock portfolio, ace investor Mukul Mahavir Agrawal added two smallcaps in the quarter ended March 31, while trimming his stakes in three others. He may also have exited two smallcap stocks or brought his holdings down below 1% in them.

Shareholding of individual investors reflects in the ‘Shareholding Pattern’ of BSE listed companies on reaching 1% stake or above in the company.

Agrawal bought 1.80% stake in Dredging Corporation of India while shopping for 5.53% in Oriental Rail Infrastructure in the January-March quarter. Both stocks have delivered multibagger returns of 154% and 555%, respectively, in the last 12 months. In 2024 so far, their returns were 25% and 6%, respectively.

Agrawal trimmed his holding in smallcap Zen Technologies to 1.19% in Q4FY24 versus 1.34% in Q3FY24. The paring of stakes comes amid a strong rally of 219% in the past 12 months.

As for Arman Financial Services, the stake has been reduced by 27 bps to 3.82% from 4.09% in the December quarter. The cut comes amid a 21% year-to-date decline in stock price. The stock’s gains over a 1-year period stand at 37%.

Meanwhile, in Dhabriya Polywood, the stake at the end of the March quarter stood at 2.78% down from 3.85% in the three-month-period ending December 31, 2023. The smallcap scrip has delivered 71.60% returns in the past one year while delivering 20% in 2024. The celebrity investor is believed to have either exited JTEKT India and Gensol Engineering in the previous quarter or slashed his holding below 1%. In the former, Agrawal held 1.30% stake in the December quarter while in the latter, his share was to the tune of 1.51%. Agrawal booked profit in JTEKT India following a significant rally in the counter. Over a 1-year period, JTEKT rallied nearly 70%.

Meanwhile, Gensol Engineering has been a laggard witnessing a price erosion of 28% in the last one year. However, in 2025, it has managed gains of 15%.

As per the latest corporate shareholdings filed, Mukul Mahavir Prasad Agrawal publicly holds 54 stocks with a net worth of over Rs 5,276.6 crore according to Trendlyne data. The latest quarter trends could be missing since not all companies may have reported their shareholding data till now.

The other stocks held by him include Radico Khaitan, Surya Roshni, Prakash Pipes and Ceat.

Also Read: Rekha Jhunjhunwala trims stake in multibagger Canara Bank & a smallcap in March quarter

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Tags: AddsAgrawalarman financial servicescanara bankceatdhabriya polywooddredging corporation of indiaexitsgensol engineeringjtekt indiaMarchMukulmukul agrawalmukul agrawal portfoliomukul agrawal portfolio rejigmultibaggersoriental rail infrastructureprakash pipesRadico Khaitansmallcapstakestockssurya roshnitrimszen technologies
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