Mukul Agrawal picks stake in multibagger stock that’s up 400% in a year
Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.
But why exactly did Mukul Agrawal choose to buy a stake in this company? And what steps is the company taking to position itself for medium-term growth? Let’s explore all this in today’s not-so-deep dive. Mukul Agrawal is a well-known investor in India, celebrated for his knack for identifying promising microcap and small-cap stocks. His investment strategy combines offence and defence: he adopts an aggressive approach backed by rigorous analysis while maintaining two separate portfolios—one for long-term investments and another for trading.
Autoriders International is a Mumbai-based company specializing in luxury car rental services. It offers chauffeur-driven rentals for individuals and institutions, along with local and international tour management services. As of June, the company managed a fleet of 422 vehicles, ranging from hatchbacks and sedans to SUVs.
Its operational network spans eight branch offices across major cities, including Ahmedabad, Bangalore, Delhi, Chennai, Hyderabad, Pune, Gurgaon, and Kolkata. Here’s the intriguing part: Over the past year (12-Dec-2023 to 12-Dec-2024), there were 250 trading sessions on the stock market. Yet, Autoriders International was permitted to trade on the exchanges for just 36 of those days.
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