Mukul Agarwal - The new star of the Indian Stock Market!

As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 47 stocks with a net worth of over Rs 2,317.8 crore.

Mukul Agarwal, the new star of the Indian stock market, debuted in the late 1990s. His recent stakes largely in the small segment, bear testimony to his investment style which is largely aggressive, hawking for multibaggers that are capable of astronomical returns. On October 25, Paras Defence touched its all-time high of Rs 1272.05, swelling Mukul Agarwal’s stake in the company to Rs 115 crore.

As per the latest shareholding data, during the September quarter, the star investor bought a fresh stake in at least 15 companies.

Top holdings of Mukul Agarwal

1. The top holding in the portfolio of Mukul Agarwal portfolio is Radico Khaitan Ltd. He has a stake of 1.05% for 14,00,083 shares in this midcap IMFL (Indian Made Foreign Liquor company). During the week of October 17 to October 23, the stock has moved 2.6% from the levels of Rs 1095.05 to Rs 1123.05. The stock is the top holding of the ace investor after its addition to the portfolio in the September quarter.

2. He also made a fresh entry into PDS Multinational Fashions by buying 7,16,000 equity shares or a 2.75% stake in the company. His stake is worth Rs 99 crore. PDS Multinational is one of the largest consumer goods design, product development, sourcing, virtual manufacturing and distribution businesses.

3. Mukul Agarwal has a stake of 2.32% for 904,286 shares in this Debutant Stock- Paras Defence and Space Technology. The buzzing stock surged nearly 132% from its listing price of Rs 475 and 529% from the IPO price of Rs 175. During the week of October 17 to October 23, the stock has soared up by a phenomenal 91.3% from the levels of Rs 633.25 to Rs 1211.50. The stock is one of the top three holdings of the ace investor.

Apart from these top holdings, Mukul Agarwal acquired a fresh 1.3% stake in Allcargo Logistics in the Midcap segment. In Smallcap segment, he has added MTAR Technologies for a 1.3% stake, Goldiam International for a 2.8% stake, MPS Ltd for a 4.4% stake and Zota Healthcare for a 4.9% stake to name a few of recent additions to his portfolio.

Current outlook of Mukul Agarwal

Mukul Agarwal is currently of the view that the markets have entered the last phase of the Dow Theory. Dow theory asserts there are three phases of the market trends – an accumulation phase, a public absorption phase, and a distribution phase.

The recent correction in the markets where the FIIs, DIIs and HNIs were the net sellers and the retail investors were the purchasers. This supports his belief that a retail investor needs to be cautious in the current market where valuations are very high.