Mukul Agrawal adds three stocks to portfolio, returns to another firm

Ace stock market investor Mukul Agrawal added three new companies to his personal portfolio in addition to returning as an investor after a short break into another, besides buying additional shares of at least one other company during the quarter ended June 30.

The man behind Param Capital picked up shares of luxury watch retailer Ethos, which went public recently, as well as those of CL Educate and Pix Transmissions as three new bets, according to shareholding disclosures.

He bought as much as 4% of Ethos, likely betting on the lifestyle industry with rising disposable income. He also purchased 1.1% of CL Educate and 2.7% of Pix Transmissions, a Mumbai-based manufacturer of belts and related mechanical transmission products used in diverse industrial, agriculture and automotive applications.

In addition, he bought 1.4% of GM Breweries, a company he had been holding for a while but had exited earlier this year, thereby returning to the stock after a short break.

Meanwhile, Agrawal marginally increased his stake in at least one company, Delta Corp, a firm from which Rakesh Jhunjhunwala signed off last quarter.

At the same time, Agrawal trimmed his holding in at least seven companies: Vardhman Special Steels, Ethos’ parent KDDL, J Kumar Infraprojects, Arman Financial Services, PDS, Indian Metals & Ferro Alloys and OnMobile, a company he had first bet just earlier this year.

Moreover, he either exited completely or brought down its holding to under 1% in AllCargo Logistics.

Besides these, Agrawal stayed invested in nearly two dozen portfolio companies. This set includes names like Radico Khaitan, Apollo Pipes, Ion Exchange, JTEKT India, Kamdhenu, TAAL Enterprise, Paras Defence Indo Count Industries and MITCON Consultancy & Engineering Services and LT Foods.

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. One-third of its portfolio of 54 companies in which held shares as of March 31, 2021, are yet to disclose their latest shareholding pattern.

Typically, he holds 1-3% stake in listed companies though he has some firms where he owned 5-10% stake as of June 30. These include Dhabriya Polywood, TAAL Enterprises, InfoBeans, MITCON Consultancy & Engineering Services and Gati.