Mukul Agrawal adds smallcap counter Lux Industries in June quarter, trims stakes in 3 others
In Q2 2024, Mukul Agarwal added Lux Industries, while trimming stakes in Indian Metals & Ferro Alloys, Ethos, and Apollo Pipes. He increased positions in Hind Rectifiers and ISMT. Lux Industries saw 52% returns. Hind Rectifiers and ISMT yielded 147% and 95% annual returns. His diversified portfolio, including Radico Khaitan and Ceat, is valued at Rs 5,825.3 crore by Trendlyne.
Ace investor Mukul Agarwal added smallcap counter to his portfolio in the quarter that ended June 30, 2024, while trimming his stakes in three other smallcap stocks viz. Indian Metals & Ferro Alloys, , and .Agrawal bought a 1.33% stake in the company during the April-June quarter. In 2024, so far, the stock’s returns have been to the tune of 52% which is an outperformance over Nifty whose returns stand at nearly 13%. Over a one-year period, surged 32% versus 25% by the five-stock exchange.
Agrawal also raised his stakes in a couple of stocks like and . In the former case, the D-Street bull bought an additional six bps stake bringing the overall tally to 1.30%.
In the latter case, Agrawal increased holding by 105 bps to 2.63% at the end of the June quarter versus the previous quarter.
Both these stocks have rallied strongly in the past one year. While Hind has yielded returns of 147%, ISMT has given 95% in the same period.
In Indian Metals, this investor partially sold his stake in the June quarter, reducing it to 1.38% versus 1.44% in the March ended quarter. The stock has had a strong rally over the past 12 months, delivering multibagger returns of 106%. The returns by this smallcap stock on a year-to-date basis is 42%.
In Ethos, Agrawal sold 9 bps in three months ended June 30. His stake at the end of the quarter stood at 1.95%.
Apollo Pipes was another stock where Agrawal pared his holding to 3.63% in the June quarter versus 3.81% in the March quarter.
As per the latest corporate shareholdings filed, Mukul Mahavir Prasad Agrawal publicly holds 56 stocks with a net worth of over Rs 5,825.3 crore according to Trendlyne data. The latest quarter trends could be missing since not all companies may have reported their shareholding data till now.
The other stocks held by him include Radico Khaitan, Surya Roshni, Prakash Pipes and Ceat among others.
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Source: Stocks-Markets-Economic Times
