These small cap stocks of Ajay Upadhyaya have turned multibagger in 2021. Do you own them?
While S&P BSE smallcap index is up 55% year-to-date, top holdings of Ajay Upadhyaya had outperformed Sensex with an astronomical return of above 100% from his two small cap picks.
Ajay Upadhyaya Portfolio Outperformers in 2021
1. Ajay Upadhyaya has a stake of 1.7% in this small cap firm Elecon Engineering Company Ltd which is involved in the design and manufacturing of Material Handling Equipment and Industrial Gears and also provides construction and commissioning solutions for its products. The portfolio worth is Rs 39.2 crore, quantity held is 19,35,000 shares. The stock has surged from Rs 42 to Rs 202 in 2021, which in 11 months registered a 378% return. This is the 2nd top holding of his portfolio and has become more bullish on this stock increasing 0.3% stake during the September quarter.
2. Second outperformer is another small cap company, Genus Power Infrastructure Ltd, which is engaged in manufacturing and providing Metering and Metering Solutions and undertaking 'Engineering, Construction, and Contracts' on a turnkey basis. He has a stake of around 1.9%. The portfolio worth is Rs 33.6 crore, quantity held is 50,00,000 shares. The stock has surged from Rs 39 to Rs 66 in 2021 which in a period of 11 months registered a 68% return. He has increased 0.3% stake during the September quarter
3. The third outperformer is a small cap company, Usha Martin Ltd engaged in the business of manufacture of value-added wire and wire rope products. Ajay Upadhyaya has a stake of around 1.3% which he bought in this September quarter. The portfolio worth is Rs 32 crore, quantity held is 37,50,000 shares. The stock has surged from Rs 37 to Rs 85 in 2021 which in a period of 11 months registered a 131% return.
Ajay Upadhyaya is an India based investor ranking among the elite class of the Dalal Street champions. His portfolio has been praised by many maestros for its specific approach with a futuristic growth mindset. As per the latest corporate shareholdings filed, he publicly holds 13 stocks with a net worth of over Rs 409.6 crore. He is extremely bullish on chemicals and petrochemicals which is more than 50% of his portfolio.
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