Business
Ace investor Mukul Agrawal does a significant portfolio reshuffle
Ace investor Mukul Agrawal does a significant portfolio reshuffle
About this update from Kddl Limited
Ace market investor Mukul Agrawal, who holds disclosed stakes in nearly 56 companies with a cumulative valuation exceeding Rs 6,754 crore, undertook a significant portfolio reshuffle during the September quarter.Data reveals that he reduced his stake in at least 20 companies, while his name no longer appears in the shareholding pattern of three firms. Incidentally, it remains unclear whether Agrawal has fully or partially exited in the three firms as shareholder name is not disclosed if the holding fall below one percent.Meanwhile, companies where Agrawal trimmed his stake include InfoBeans Technologies, Pearl Global Industries, Surya Roshni, Indian Metals & Ferro Alloys, Zota Healthcare, Dishman Carbogen Amcis, Intellect Design Arena, Pix Transmission Ltd, Vidhi Specialty Food Ingredients, Dredging Corp of India, PDS Ltd, West Coast Paper Mills, Ceat Ltd, Strides Pharma Science, PTC Industries, Mitcon Consultancy & Engineering Services, Nuvama Wealth management, Quick Heal Technologies, Arman Financial Services and Tracxn Technologies.Further, the three firms where his name no longer appears are Tasty Bite Eatables (previously 1.17 percent), Sahyadri Industries (2.35 percent), and Raymond (1.5 percent).In terms of additions, Agrawal increased his stake in three companies: Hind Rectifiers (from 1.3 percent to 1.39 percent), Lux Industries (from 1.33 percent to 1.47 percent) and KDDL from 3.38 percent to 3.44 percent).Additionally, he introduced six new stocks to his portfolio, including Concord Control Systems, Jagsonpal Pharmaceuticals, ASM Technologies, Raymond Lifestyle, Stanley Lifestyles, and Deepak Fertilisers. The combined value of these new holdings is estimated at Rs 400 crore, based on the average prices during the September quarter.