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