Synopsis: India’s well-known investor Mukul Mahavir Agarwal has reduced his stake to below 1 percent in the following stocks during the second quarter.
Mukul Agrawal, a well-known Indian investor and founder of Param Capital, is recognized for his strategic investments in small- and mid-cap stocks. Recently, he has reduced his stake in some companies to below 1 percent, reflecting a shift in his investment portfolio.
These moves show his active approach to managing investments based on market trends and opportunities. He publicly holds 71 stocks that have a net worth of Rs. 7,507 Crores.
1. Raghav Productivity Enhancers Ltd
Raghav Productivity Enhancers Limited, based in Jaipur and incorporated in 2009, manufactures and sells ramming mass, silica, and other quartz-based refractory products in India and internationally. Its products are used for furnace, kiln, and reactor linings and cater to recycled steel, foundry, steel, and incineration industries.
Raghav Productivity Enhancers Ltd, with a market capitalization of Rs. 3,255.16 crore, closed trading at Rs. 709 per equity share, up by 2.12 percent from its previous day’s close price of Rs. 694.30 per equity share.
As of September 2025, ace investor Mukul Agarwal has reduced his stake in the company to below 1 percent. In the previous quarter, he held a 1.04 percent stake, or 4.78 lakh shares, showing that he has slightly lowered his investment in the company.
2. BSE Limited
BSE Limited, founded in 1875 and based in Mumbai, provides a trading platform for equities, currencies, derivatives, mutual funds, and other securities in India and internationally. It offers clearing, settlement, data, depository, and investment services, along with platforms for SME equities and agricultural commodities.
BSE Limited, with a market capitalization of Rs. 1,00,757.65 crore, closed at Rs. 2,473.80 per equity share, down by 0.55 percent from its previous day’s close price of Rs. 2,487.50 per equity share.
As of September 2025, ace investor Mukul Agarwal has trimmed his stake in the company to below 1 percent. In the prior quarter, he held a 1.18 percent stake, equivalent to 48 lakh shares, indicating a modest reduction in his investment.
3. MITCON Consultancy & Engineering Services Limited
MITCON Consultancy & Engineering Services Limited, based in Pune and founded in 1982, offers consultancy, training, and project services across renewable energy, biofuels, green chemistry, wind and solar projects, and sustainability solutions. The company also provides soil investigation, carbon credit development, AI/ML-based precision agriculture, infrastructure services, and financial advisory.
MITCON Consultancy & Engineering Services Limited, with a market capitalization of Rs. 130.78 crore, closed at Rs. 75.08 per equity share, up by 2.01 percent from its previous day’s close price of Rs. 73.60 per equity share.
As of September 2025, ace investor Mukul Agarwal’s holding in the company has fallen below 1 percent. In the last quarter, he owned a 1.47 percent stake, or around 2.61 lakh shares, showing a small reduction in his investment.
4. Sula Vineyards Limited
Sula Vineyards Limited, founded in 1996 and based in Mumbai, produces and sells wine and spirits under brands like RASA, The Source, Dindori, SULA CLASSICS, and York in India and internationally. The company also operates vineyard resorts, tasting rooms, and restaurants, and distributes its products through various channels, including direct-to-consumer and online sales.
Sula Vineyards Limited, with a market capitalization of Rs. 2,149.17 crore, closed at Rs. 254.55 per equity share, down by 0.47 percent from its previous day’s close price of Rs. 255.75 per equity share.
As of September 2025, ace investor Mukul Agarwal has reduced his stake in the company to below 1 percent. In the previous quarter, he held a 1.78 percent stake, or 15 lakh shares, showing that he has slightly lowered his investment in the company.
Written by Akshay Sanghavi
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