Here’s a quick glance at Mukul Agrawal’s six new stock picks
Ace stock market investor Mukul Agrawal added six new companies to his personal portfolio, besides buying additional shares of another half a dozen company during the quarter ended September 30.
The man behind Param Capital picked up shares of Allcargo Logistics, CEAT, Dish TV, Kanoria Chemicals, PTC Industries and Moongipa Securities, according to shareholding disclosures.
Agrawal has been making short-term bets on Allcargo for a while, exiting and adding it to the basket every second quarter in the recent past. In all the new bets during the quarter he picked between 1.2 and 2.1% stake each.
In the previous quarter, he had added luxury watch retailer Ethos, which went public recently, as well as CL Educate and Pix Transmissions as three new bets.
CL Educate also happens to be a stock where he added more shares last quarter. The other portfolio companies where be doubled down include Hindware Home, Delta Corp, JTEKT, Sarda Energy and Indo Count.
Agrawal had marginally increased his stake in Delta Corp, a firm from which Rakesh Jhunjhunwala signed off early this year, for the second consecutive quarter.
At the same time, Agrawal trimmed his holding or exited from around a dozen companies: MITCON, Paras Defence, Mastek, Marksans Pharma, GM Breweries, Intellect Design, Arman Financial Services and Parag Milk among others.
Besides these, Agrawal stayed invested in nearly two dozen portfolio companies.
In total, Agrawal holds a stake in over four dozen companies, though his overall portfolio is likely to be higher as in some companies he may be holding under 1% stake.
Typically, he holds 1-3% stake in listed companies though he has some firms where he owned 5-10% stake as of September 30. These include Dhabriya Polywood, TAAL Enterprises, InfoBeans, MITCON Consultancy & Engineering Services and Gati.
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