Mukul Agrawal is an ace investor in the Indian stock market. He entered the market in the late 1990s. He is popularly known to have invested in many small-cap and penny stocks which have become multibagger.
As per the latest corporate shareholdings filed, The ave investor Mukul Agrawal publicly holds 52 stocks with a net worth of over Rs. 2,392.2 Crores.
Here are some of the stocks in which he has offloaded his shares In the first quarter of 2022.
Indian Metals & Ferro Alloys Ltd
Till March 2022, Mukul Agarwal held 10,00,000 shares of the company which represented a 1.85% stake in the company.
However, in the June quarter, the investor offloaded 2,21,100 shares thereby reducing his stake to 1.44%. The total investment value stands at Rs 21.8 Crores.
The shares of Indian Metals & Ferro Alloys Ltd were trading 1.7% down at Rs 279.75 till the afternoon on Wednesday. In the last five days, the stock has gained more than 6%. The stock has been volatile from the start of 2022. So far this year, the stock is down by approximately 37% YTD.
Indian Metals & Ferro Alloys (IMFA) is India’s largest, fully integrated producer of Ferro Alloys. Their products are sold in domestic and international markets. The company is primarily engaged in the production of stainless steel. It was set up in 1961.
OnMobile Global Limited
The second stock that the ace investor offloaded was OnMobile Global Limited. In March 2022, he bought 1,700,000 shares which represented a 1.61% stake in the company.
However, in the June quarter, the investor offloaded 4,00,000 shares thereby reducing his stake to 1.23%. The total investment value stands at Rs 16 Crores.
The shares of OnMobile Global Limited were trading 1.17% down at Rs 122.25 till the afternoon on Wednesday. In the last five days, the stock hasn’t moved much and gained more than 0.29%. But so far this year, the stock has gained approximately 17% YTD.
OnMobile is an Indian telecommunications company, which offers products such as Videos, Tones, Games & Contests. It has over 100 million active subscribers and an addressable base of more than 1.68 billion mobile users across several geographies.
Arman Financial Services Ltd
The next stock on the list is Arman Financial Services Ltd. In March 2022, he held 4,29,262 shares which represented a 5.06% stake in the company.
However, in the June quarter, the investor offloaded 25,000 shares thereby reducing his stake to 4.76%. The total investment value stands at Rs 51.7 Crores.
The shares of Arman Financial Services Ltd were trading 3.19% down at Rs 1,246 till the afternoon on Wednesday. In the last five days, the stock hasn’t moved much and gained more than 1.14%. The stock has been on an uptrend and so far this year, the stock has gained more than 44% YTD.
Arman Financial Services Ltd is a category A Non-Banking finance company (NBFC). It provides a wide spectrum of financial services in both Fund-based and Non-Fund Based activities which includes term loans, collateral-free credit, other forms of credits, thrift and savings, and insurance.
Further, he has reduced his stake marginally by 0.1% in Vardhman Special Steels Ltd, KDDL Ltd, and J Kumar Infraprojects Ltd each.
Written by – Anoushka Roy
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