They say you shouldn't just copy other people's stock picks; it really helps to check out and understand the strategies and choices of the best in the business. Mukul Agrawal is one of those experts to watch. Mukul Agrawal is a well-known name in the Indian stock market because of his impressive portfolio and intelligent investment strategies. Since starting in the late 1990s, he has gained a solid reputation for his aggressive investment strategies with thorough analysis and willingness to take calculated risks, particularly with penny stocks that can become multi-baggers with time.
Agrawal's investment skills are evident from his impressive portfolio, which includes 56 companies. His total net worth is Rs. 3,824.4 crore. One of his significant holdings is a 10.50% stake in Dhabriya Polywood Ltd., showing his keen eye for good investments.
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Mukul Agrawal's investment style is clear from his two portfolios—one for trading and one for long-term investments. This approach helps him balance stability and flexibility, allowing him to take advantage of market opportunities while managing risks.
Besides investing, Mukul Agrawal is also an active member of critical financial groups like the National Stock Exchange of India Ltd (NSE), the Multi Commodity Exchange of India Ltd (MCX), and the Derivatives Segment of the Bombay Stock Exchange (BSE). His involvement in these organisations shows his deep understanding of the financial markets and his commitment to staying updated with industry developments.
According to data from the March quarter, Mukul Agarwal had investments in about 58 active companies totaling Rs 5,453 crore as of April 29, 2024. He holds stakes of over 1% in these companies, and 24 of them have seen double-digit returns in the current year (CY24).
Around five of the stocks in Agarwal's portfolio have risen by more than 40% in the first four months of the calendar year 2024. His top stocks in terms of its valuation include BSE Ltd, Neuland Laboratories, Nuvama Wealth Management and Raymond Ltd.
However in this article let's look at the stocks that surged more than 40% in CY24.
1. Mitcon Consultancy & Engineering Services
MITCON Consultancy & Engineering Services Limited was founded in 1982 in Pune. It is a well-known Indian Technical Consulting Organization (TCO). India, MITCON offers complete technical, marketing, and financial business solutions.
MITCON is recognised for its ISO 9001:2015 certification and registration with SBTi, and it is listed on the NSE. MITCON has completed over 18,000 consulting assignments across more than 100 different industries. The company has also made significant contributions to skill development and entrepreneurship programs.
As of June 21, 2024, the price return is 79.7%, and the current market price (CMP) is Rs 139.95.
2. Thejo Engineering
Thejo Engineering Limited is a leader in conveyor belt technology, specialieing in techniques like cold vulcanieing for splicing, on-site pulley lagging, and belt recapping. The company is based in Chennai and focuses on solutions in handling materials, mining, mineral processing, and protecting against corrosion.
Thejo runs five manufacturing plants and an R&D Center approved by India's Ministry of Science and Technology. It started off as a partnership but grew into a publicly traded company, thus becoming the first to list on the National Stock Exchange of India's EMERGE platform. The company also has offices in Australia, Saudi Arabia, Brazil, and Chile.
As of June 21, 2024, the price return stands at 65%, with the current market price (CMP) at Rs 3080.80.
3. Thomas Cook
Thomas Cook (India) Limited (TCIL) was founded in 1881. It is one of the leading travel companies in the country. Foreign exchange, corporate travel, MICE, leisure travel, value-added services, and visa services are some of its many valuable services. It is well-established in 28 nations on five continents. The company also operates famous brands such as Thomas Cook, SOTC, TCI, and SITA, among others,
Showcasing its dedication to excellence in the travel and tourism industry, TCIL is one of the top travel companies in the nation and has won multiple awards, including The Best Tour Operator at the India Travel Awards North 2023 and MICE Travel Operator of the Year at the Economic Times Travel & Tourism Awards 2023.
As of June 21, 2024, the price return is 68.7%, with the current market price (CMP) at Rs 234.76.
4. Indian Metals & Ferro Alloys
Established in 1961 in Odisha, IMFA (Indian Metals & Ferro Alloys) is India's leading producer of value-added ferro chrome. With a capacity of 190 MVA for furnaces and 204.55 MW for captive power generation (including 4.55 MW solar), IMFA is known for its extensive chrome ore mining operations.
IMFA is globally recognised for its reliability and competitive pricing. They focus strongly on customer satisfaction. The company has built enduring relationships with multinational giants like POSCO (South Korea), Marubeni Corporation, Nisshin Steel (Japan) They also have relationships with major stainless steel producers in China and Taiwan. Jindal Stainless and Shah Alloys are among India's key clients.
As of June 21, 2024, the price return is 60.8%, and the current market price (CMP) is Rs 795.05.
5. Nuvama Wealth Management
Nuvama Group was formerly known as Edelweiss Wealth Management. The company has over 25 years of experience with a strong reputation in the Indian market. PAG, a leading investment firm in the APAC region, supports them. Nuvama has focused on private equity, real assets, and credit markets for over two decades.
Nuvama provides a fully integrated platform for entrepreneurs, high-net-worth individuals, and institutional investors. They specialise in wealth management, asset management, capital markets, and advisory services and offer tailored financial solutions to meet different goals and needs.
As of June 21, 2024, the price return is 44.1%, and the current market price (CMP) is Rs 5098.80.
Conclusion
While these stocks might be promising, conducting your own research or consulting with an expert before investing is important. Everyone has different financial goals and needs, so invest according to your own requirements.
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