Samir Arora’s flagship fund bets big on Ola, NBCC and Hero MotoCorp; Here’s what brokerages are saying

Helios made the only fresh entry in its flexi cap portfolio with Hero, purchasing 1.14 lakh shares worth Rs 582 crore, giving the stock a 1.48% weight in the portfolio. The stock was broadly flat in August, lagging the Nifty Auto index.

Helios Mutual Fund’s Flexi Cap Fund made additions to around 13 names in its 60+ stock portfolio during the month of August. The largest increases were seen in stocks like Ola Electric Mobility and NBCC (India), while a fresh position was initiated in Hero MotoCorp. The fund also raised stakes in Delhivery, Syrma SGS Technology, Swiggy, Ather Energy, and Bharat Electronics.

On the other hand, weightages of stocks like ICICI Bank, DLF, Kotak Mahindra Bank, Hindustan Petroleum, and Motilal Oswal Financial Services declined even as the number of shares held remained unchanged — reflecting stock price movements rather than active selling.

By value, Ola Electric and Delhivery were standout performers, rallying 31% and 10% respectively, while incremental buying lifted their portfolio weights further.

As of August-end, the Flexi Cap Fund managed assets worth Rs 3,938 crore. The top five holdings — Adani Ports, ICICI Bank, HDFC Bank, Paytm, and Eternal (formerly Zomato) — together accounted for about 21 percent of total assets.

Here were some  of the top additions

Ola Electric Mobility

Helios increased its stake by 19.55 lakh shares to 1.53 crore shares worth Rs 82.49 crore, raising Ola’s portfolio weight to 2.09% from 1.48%. The stock surged 53% in August.

Analyst view: Ola is tracked by seven firms, according to Bloomberg with 2 buy calls, 2 hold calls and 3 sell calls. In a recent brokerage report, Indsec projected the company to breakeven by FY26, with margins expanding to 35–40% as its Gigafactory and in-house motor production come online.

NBCC (India)

The fund increased its stake by 19.41 lakh shares to 51.72 lakh shares worth Rs 50.81 crore, lifting its portfolio share to 1.29% from 0.94%. Despite this, the stock fell 9% in August.

Analyst view: Currently, two firms cover NBCC, both with Buy ratings. Elara Capital points to record Rs 75,300 crore order inflows in FY25, expanding the order book to Rs 1,20,000 crore. It projects a 24% revenue CAGR and 23% PAT CAGR through FY2028, with RoE above 25%. NBCC trades at 51.3x trailing and 37.3x forward PE.

Delhivery

The fund added 2.96 lakh shares, taking holdings to 16.48 lakh shares worth Rs 77.1 crore, raising its portfolio share to 1.96% from 1.55%. The stock gained around 10.2% in August, outpacing the Nifty 500.

Analyst view: The logistics stock is currently tracked by 24 firms with 18 buy calls, 3 hold calls and 3 sell calls. Analysts highlight its scale in logistics and e-commerce fulfillment, with technology-driven growth positioning it well. But profitability timelines remain uncertain. Current valuations are rich at 173.8x trailing and 115.8x forward PE.

Hero MotoCorp

Helios made the only fresh entry in its flexi cap portfolio with Hero, purchasing 1.14 lakh shares worth Rs 58.2 crore, giving the stock a 1.48% weight in the portfolio. The stock gained nearly 20% in August, lagging the Nifty Auto index.

Analyst view: The stock is tracked by 42 firms with 24 buy calls, 13 hold calls and 3 sell calls. Trading at 24.8x trailing and 22x forward PE, Hero is expected to benefit from rural demand recovery, premium launches, and its EV foray under the Vida brand. Analysts see distribution strength and new products as key positives, though competition remains fierce.

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