Akash Bhanshali picks stake in this multibagger, trims in 2 other smallcaps

Bhanshali has added Pan Electronics India into his kitty with purchase of a 2.50% stake in the January to March period. The stock has been in top form this year with over 70% returns so far. Over a one-year period the gains extend to 97%. This is significantly higher than the 26% returns given by Nifty in the same period.

Ace investor Akash Bhanshali has added a new smallcap stock in his portfolio in the quarter that ended March 31, 2024, while trimming his stake in two others.

Bhanshali has added into his kitty with purchase of a 2.50% stake in the January to March period. The stock has been in top form this year with over 70% returns so far. Over a one-year period the gains extend to 97%. This is significantly higher than the 26% returns given by Nifty in the same period.

The three-decade-old company is into manufacturing MPP films and a range of high-quality MPP capacitors.

In , the celebrity investor cut his stake by 21 bps to 1.19 in the previous quarter versus 1.40% stake in the December ended quarter.

Genus is into manufacturing and providing metering and metering solutions and also undertaking engineering, construction and contracts on a turnkey basis.

This stock has delivered a staggering 238% in the past 12 months while yielding 27% returns on a year-to-date basis.

As for , Bhanshali has trimmed his stake to 4.31% in Q4FY24 from 4.64% in Q3FY24, that is a 33 bps climbdown in stake.

The partial profit booking in Arvind Fashions comes amid a 53% return in the past 12 months. In this year so far its returns are around 8%.

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

Arvind Fashions is a lifestyle retail and fashion company with a portfolio of over 27 leading global brands in India. It boasts of popular brands including Flying Machine, Arrow, and US Polo Assn.

Bhanshali publicly holds 21 stocks with a net worth of over Rs 5,612 crore, Trendlyne suggested. Some of the stocks that are part of his equity portfolio include , , , and .

Also Read:

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

Source: Stocks-Markets-Economic Times