Porinju Veliyath Portfolio: Betting big on Kerala Ayurved, 4 other smallcaps; adjusting stakes in key sectors
Porinju Veliyath raised his stake in smallcaps Kerala Ayurved, Aurum Proptech and PG Foils in the December-ended quarter while slashing his holdings in Duroply Industries and Orient Bell during the three-month period. His investments in these stocks is either in his name or in the name of his fund management firm Equity Intelligence India Private Limited.
Veliyath raised his stake in Kerala Ayurved by 164 bps to 4.82% in the quarter ended December 30, 2023. At the end of the September quarter, he held 3.18% stake in the company.
The value of his holding is nearly Rs 14.8 crore, Trendlyne data said.
The smallcap counter has delivered multibagger returns of over 166% in the past 12 months, which is significantly higher than Nifty, which itself has delivered impressive returns of over 19% during this time.
In Aurum Proptech, the company which offers its services in the real estate domain, Veliyath increased his investments to 4.52% in December from 3.54% in the September-ended quarter.
This stock has returned 46% in the last 12 months, which is also higher than the returns given by Nifty during this period.
Shareholding of individual investors is reflected in the ‘Shareholding Pattern’ of BSE listed companies only on reaching 1% stake or above in a company.
In PG Foils, Veliyath's holding went up to 1.06% in October-December versus 1.02% in the July-September period. The ace investor holds stakes through Equity Intelligence India Private Limited.
This stock has been a market laggard with negative returns of 23%.
Veliyath also partially trimmed his shares in smallcap counter Orient Bell to 3.73% in the December quarter versus 3.75% in the September quarter on the back of negative returns in the past 12 months. He may
