Mukul Agarwal Raises Stake in This Small-Cap Stock; Lowers Holdings in 6

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Mukul Agarwal Raises Stake in This Small-Cap Stock; Lowers Holdings in 6

By Malvika Gurung -- Ace investor Mukul Agarwal has increased his stake in the apparel manufacturing company Pearl Global Industries (NS: PGIL ) in the quarter ending December 2021.

As per the latest shareholding data released by the small-cap company, investor Mukul Agarwal increased his stake in the company by 1.15% in Q3 compared to Q2 FY22, to 3.46% or 7.5 lakh equity shares.

As of September 30, 2021, the seasoned investor held 5 lakh shares or a 2.31% stake in Pearl Global Industries. The apparels stock has surged 46% in the past 15 sessions, and 60% in a month.

Addressing the stock’s recent uptick, Pearl Global’s management stated that it has disclosed all the necessary information regarding the pricing to the exchanges, and no such price manipulating information was withheld by the company.

In Q3 FY22, Agarwal reduced his holdings in 4 stocks up to 0.8% compared to Q2. They include Indo Count Industries (NS: ICNT ), Dynamatic Technologies (NS: DYNM ), Marksans Pharma (NS: MARK ) and Jet Freight Logistics (NS: JETR ).

The ace investor also appears to have exited two stocks in the quarter under focus, Allcargo Logistics (NS: ACLL ) and Navkar Corporation (NS: NAVR ), as his name was missing from their key shareholders’ list for Q3. There is also a possibility that Agarwal reduced his shareholding to under 1% in these companies in Q3.

Mukul Agrawal publicly holds 46 stocks with a net worth of over Rs. 2,533.2 crore, stated Trendlyn data.

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