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 .
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Source: Stocks-Markets-Economic Times
