Mukul Agrawal, one of the well-known ace investors based in India, entered into the stock markets in the late 1990s. His investment strategy includes aggressive investments along with taking a risk with penny stocks that could become multibagger stocks.
Listed below are four ‘high piotroski score’ (P-score) stocks under Mr. Mukul Agrawal’s portfolio wherein he bought a fresh stake during the quarter ended March 2024:
Quick Heal Technologies Limited
With a market capitalization of Rs 2,624.97 crores, the stocks of Quick Heal Technologies Limited closed their trading session on Friday at Rs 490.50, gaining approximately 1.40 percent compared to the previous closing level of Rs 483.75 apiece. The company’s stock possesses a Piotroski score of ‘7’.
As per the latest shareholding data available, Mr. Mukul Agrawal bought a fresh stake in Quick Heal Technologies Limited by subscribing to 7 lakh equity shares of the company equivalent to a 1.31 percent stake, Currently, the investment value of his holding stands at Rs 34 crores.
During the recent financial quarters, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, showed 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, rising from Rs 10 crores to Rs 14 crores.
PTC Industries Limited
With a market capitalization of Rs 11,027.05 crores, the stocks of PTC Industries Limited closed their trading session on Friday at Rs 7,636, slipping approximately 1.70 percent compared to the previous closing level of Rs 7,768.85 apiece. The company’s stock possesses a Piotroski score of ‘8’.
As per the latest shareholding data available, Mr. Mukul Agrawal bought a fresh stake in PTC Industries Limited by subscribing to 1.67 lakh equity shares of the company equivalent to a 1.16 percent stake, Currently, the investment value of his holding stands at Rs 128 crores.
During the recent financial quarters, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, showed some negative movements with the former decreasing from Rs 57.51 crores during Q2FY24 to Rs 55.45 crores during Q3FY24, and the latter, keeping the timeframe the same, dipping from Rs 8.14 crores to Rs 8.08 crores.
Dredging Corporation Of India Limited
With a market capitalization of Rs 2,209.20 crores, the stocks of Dredging Corporation Of India Limited closed their trading session on Friday at Rs 789, slipping approximately 2.60 percent compared to the previous closing level of Rs 809.85 apiece. The company’s stock possesses a Piotroski score of ‘9’.
As per the latest shareholding data available, Mr. Mukul Agrawal bought a fresh stake in Dredging Corporation Of India Limited by subscribing to 5.05 lakh equity shares of the company equivalent to a 1.80 percent stake, Currently, the investment value of his holding stands at Rs 40 crores.
During the recent financial quarters, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, showed some positive movements with the former increasing from Rs 198 crores during Q2FY24 to Rs 265 crores during Q3FY24, and the latter, keeping the timeframe the same, rose from Rs 17 crores to Rs 27 crores.
West Coast Paper Mills Limited
With a market capitalization of Rs 4,515.76 crores, the stocks of West Coast Paper Mills Limited closed their trading session on Friday at Rs 683.70, gaining approximately 0.30 percent compared to the previous closing level of Rs 681.70 apiece. The company’s stock possesses a Piotroski score of ‘9’.
As per the latest shareholding data available, Mr. Mukul Agrawal bought a fresh stake in West Coast Paper Mills Limited by subscribing to 11 lakh equity shares of the company equivalent to a 1.67 percent stake, Currently, the investment value of his holding stands at Rs 75 crores.
During the recent financial quarters, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, showed some negative movements with the former decreasing from Rs 1,194 crores during Q2FY24 to Rs 1,045 crores during Q3FY24, and the latter, keeping the timeframe the same, dipping from Rs 219 crores to Rs 159 crores.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
