Mukul Agrawal Stocks: Veteran investor Mukul Agrawal has made several major changes in his portfolio during the September quarter. He has taken entry in a new solar energy company. At the same time, he has increased his stake in another company, while he has completely exited from a stock in which Rekha Jhunjhunwala has invested. Mukul Aggarwal, with a portfolio of around ₹8,000 crore, is considered a big name in the investment world.
1. Increased stake in Monolithic India
According to AceEquity data, Mukul Aggarwal has increased his stake in Monolithisch India Ltd during the month of September. He bought one lakh additional shares of the company, increasing his stake in the company from 2.30% to 6 lakh shares. The company operates in the refractory solutions segment and is part of the Mineral Group of companies.
Mukul Aggarwal has taken a new position in Solar Energy Sector company, Solarium Green Energy. During the month of September, he bought 6 lakh shares of the company, which is equivalent to 2.88% stake. He was no longer among the major shareholders of the company as of the end of the March quarter. Interestingly, he made this investment after the stock had fallen 26% during the September quarter, and has since recovered 6%.
Solarium Green Energy is a turnkey solar solutions provider offering services ranging from design, engineering to operation and maintenance of solar power plants.
Exited this company invested in by Rekha Jhunjhunwala
Mukul Aggarwal has sold his entire 1.04% stake (4.78 lakh shares) in Raghav Productivity Enhancers Ltd. This company specializes in the production of silica ramming mass. Raghav Productivity Enhancers also has an investment from Rekha Jhunjhunwala, wife of late veteran investor Rakesh Jhunjhunwala. He still holds about 4.80% stake in the company.
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