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Making his entry into the capital markets in the late 1990s, Mr. Mukul Agrawal is one of the well-known ace investors based in India. His investment strategy includes investing after proper analysis of a company and investing in penny stocks that may become multibagger. 

As per the latest data available, Mr. Mukul Agrawal publicly holds around 58 stocks in his portfolio with a net worth of over Rs 5,400 crores. 

Listed below are three multibagger stocks under the ‘small-cap’ category in which Mr, Mukul Agrawal, one of the well-known ace investors based in India, bought a fresh stake of up to 1.31 percent during the quarter ended March 2024: 

PTC Industries Limited 

With a market capitalization of Rs 11,091.82 crores, the stocks of PTC Industries Limited, engaged in the manufacturing of metal components, started their trading session on Friday at Rs 7,835 and closed the session at Rs 7,680.85, slipping approximately 1.80 percent compared to the previous closing levels of Rs 7,823.75 apiece. 

According to the latest shareholding pattern data available for the March’24 quarter, Mr. Mukul Agrawal bought a fresh stake in PTC Industries Limited by subscribing to around 1.67 lakh equity shares of the company equivalent to a 1.16 percent stake. 

Keeping a purview of the last one year, the company’s stock has proven to deliver multibagger returns of approximately 150 percent to its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 2.50 lakhs. 

Having a glance at the recent financials, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, witnessed a dip in numbers with the former reducing from Rs 57.51 crores during Q2FY24 to Rs 55.45 crores during Q3FY24, and the latter, slipping slightly from Rs 8.14 crores to Rs 8.08 crores. 

Hind Rectifiers Limited 

With a market capitalization of Rs 1,310.96 crores, the stocks of Hind Rectifiers Limited, engaged in developing, manufacturing, and marketing power semiconductor, electronic equipment, etc, started their trading session on Friday at Rs 789.95 and closed the session at Rs 764.95, gaining approximately 0.10 percent compared to the previous closing levels of Rs 764.10 apiece. 

According to the latest shareholding pattern data available for the March’24 quarter, Mr. Mukul Agrawal bought a fresh stake in Hind Rectifiers Limited by subscribing to around 2.13 lakh equity shares of the company equivalent to a 1.24 percent stake.

Keeping a purview of the last one year, the company’s stock has proven to deliver multibagger returns of approximately 260 percent to its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 3.60 lakhs. 

Having a glance at the recent financials, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, witnessed movements in opposing directions with the former, on one end, increasing from Rs 131.98 crores during Q2FY24 to Rs 136.63 crores during Q3FY24, and the latter, on the other end, slipping from Rs 3.98 crores to Rs 1.52 crores. 

Quick Heal Technologies Limited 

With a market capitalization of Rs 2,667.79 crores, the stocks of Quick Heal Technologies Limited, engaged in the business of providing security software products, started their trading session on Friday at Rs 524.65 and closed the session at Rs 498.50, slipping approximately 1.50 percent compared to the previous closing levels of Rs 505.85 apiece. 

According to the latest shareholding pattern data available for the March’24 quarter, Mr. Mukul Agrawal bought a fresh stake in Quick Heal Technologies Limited by subscribing to around 7 lakh equity shares of the company equivalent to a 1.31 percent stake. 

Keeping a purview of the last one year, the company’s stock has proven to deliver multibagger returns of approximately 263 percent to its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 3.63 lakhs. 

Having a glance at the recent financials, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, witnessed movements in opposing directions with the former, on one end, decreasing from Rs 82 crores during Q3FY24 to Rs 80 crores during Q4FY24, and the latter, on the other end, increasing from Rs 10 crores to Rs 14 crores. 

Written by Amit Madnani

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