Mukul Mahavir Prasad Agrawal is an immensely followed Indian Ace Investor who is also known to be a risk taker and tends to invest in small companies with high growth potential. As per the data on trendlyne, the investor publicly holds 54 stocks with a net worth of over Rs. 2,717.3 Crores.
As the quarterly updates are rolling in, here are 2 multibagger stocks added by Mukul Mahavir Agrawal to his portfolio in the December quarter of FY23:
Stylam Industries Limited
The shares of the company were trading marginally lower on Friday at Rs 1,185 levels. However, in the past six months, the stock has jumped by more than 24 percent. In January 2021, the stock traded at Rs 448 apiece on BSE. From there it has spiked up to the present levels delivering a multibagger return of 164 percent in the period.
Stylam Industries Limited started its business operations 32 years ago as a Luxury Decorative Laminated Sheet manufacturer for both residential and industrial applications. Currently, the company is engaged in the manufacturing of a range of Laminates, PreLam Boards, Exterior Cladding, and Acrylic Solid Surfaces, among others.
The ace investor freshly entered the small-cap company and bought a total of 2,02,200 shares which represents a stake of 1.19 percent with a total holding value of Rs 23.9 Crores.
Bhagiradha Chemicals & Industries Limited
The shares of Bhagiradha Chemicals & Industries traded at Rs 311 a piece in January 2021 on BSE. On Friday, the stock was trading at Rs 1,280 levels and has thus logged a multibagger return of 312 percent in two years.
Bhagiradha Chemicals & Industries Limited is a chemicals company that has an annual capacity of 3250 Tonnes for the manufacture of various technical grade insecticides, herbicides, and fungicides. The company exports to the USA, Brazil, the UK, Portugal, Australia, South Africa, China, Germany, Malaysia, and Belgium.
Mukul Agrawal reentered the stock as he bought 4,00,000 shares or a 3.84% stake in the company with a total holding value of Rs 51.2 Crores.
Written by Anoushka Roy
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