Ace investor Mukul Agrawal likely exited seven stocks, added two in June quarter

Well-known investor Mukul Agrawal, who has a disclosed stake in nearly 60 companies with the cumulative worth pegged at more than Rs 5,600 crore, appears to have done a significant portfolio reshuffle in the June quarter.

Ace market investor Mukul Agrawal, who has a disclosed stake in nearly 60 companies with the cumulative worth pegged at more than Rs 5,600 crore, appears to have done a significant portfolio reshuffle in the June quarter.

Data shows that he has trimmed his stake in at least seven companies and while it is not clear if he has exited completely or partially, his stake has fallen below 1 percent and, hence, has not been disclosed in the shareholding pattern.

The list of such companies include Dish TV India Ltd, where he held 1.09 percent stake in the March quarter, Concord Control Systems (4.04 percent stake in March quarter), Dhabriya Polywood (2.78 percent), Hindware Homes Innovation (1.11 percent), Jagsonpal Pharmaceuticals (1.75 percent), Shankara Building Products (1.13 percent), and Zen Technologies (1.19 percent).

Further, the total value of these stocks was approximately Rs 212 crore, based on the average stock price in the June quarter.

Over the past year, only Zen Technologies and Dhabriya Polywood have shown strong returns, gaining 181 percent and 54 percent, respectively. In contrast, Dish TV's share price increased by just 6 percent, while Jagsonpal Pharma's stock price fell by 11 percent. Hindware Home and Shankara Building shares lost 19 percent and 6 percent, respectively.

Meanwhile, the June quarter also saw Agrawal adding two stocks to his portfolio: ASM Technologies and Lux Industries Ltd. He acquired 7.63 lakh shares (6.48 percent stake) in ASM Technologies and four lakh shares (1.33 percent stake) in Lux Industries, spending approximately Rs 200 crore based on the average price during the June quarter.

Over the last one year, Lux Industries' share price has surged by 31 percent, and ASM Technologies' share price increased by 181 percent.

Additionally, Agrawal also reduced his stake in nine stocks, including Allcargo Gati, Apollo Pipes, Ethos, Indian Metals & Ferro Alloys, Infobeans Technologies, Nuvama Wealth Management, Thejo Engineering, Tracxn Technologies, and Zota Health Care.