Mukul Agrawal Portfolio: There was a major change in the portfolio of veteran investor Mukul Aggarwal in the last quarter October-December 2024. In the December quarter, he sold the shares of Concord Control Systems, a manufacturer of electrical and electronic products, so heavily that his stake came down from 4 percent to less than 1 percent. Since it is mandatory for companies to disclose the shareholding pattern of holdings of only more than one per cent, it could not be revealed how many shares are now in Mukul Aggarwal’s portfolio or whether he has sold his entire stake.
Mukul Agrawal Portfolio: Have sold a lot of shares earlier also
This is not the first time that Mukul Aggarwal has made a huge sale of Concord Control shares. Earlier, at the end of March 2024 quarter, he had 4 percent stake in this company, which came down to below 1 percent in the next quarter. After this, Mukul Aggarwal again bought it aggressively and at the end of the September quarter his holding again increased to 4 percent. Now in the December quarter he again made a sharp sale and his stake came down to below 1 percent. In a way, they did swing buying and selling, that is, instead of holding for a long time, they bought from time to time, then sold, then bought again and sold again.
Talking about the fluctuations of shares in these quarters, shares of Concord Control Systems fell by more than 29 percent in the March 2024 quarter, in which quarter Mukul Aggarwal’s holding in the company increased to 4 percent. Then the holding fell sharply at the end of the June quarter and its shares had gained about 94 percent in that quarter. Then in the September quarter, Mukul bought its shares and in this quarter the shares gained more than 55 percent. After this, in the December quarter, Mukul’s holding in the company came down to one per cent and the share weakened by about 11 per cent.
About Concord Control Systems
Concorde Control Systems is a Lucknow-based company that manufactures electrical and electronics products for the Indian Railways. If we talk about its shares, it has made great earnings for the investors. Last year on March 15, 2024, it was at Rs 538.00, which is a one-year low for its shares. From this low level, it jumped by more than 283 percent in 6 months to reach a price of Rs 2062.05 on September 5, 2024, which is a record high for its shares. However, the rise of shares stopped here and currently it is 17 percent downside from this high. Its shares were issued to IPO investors at a price of Rs 55 and it was listed on BSE SME on 10 October 2022.
Stock to Invest: 15% below record high, yet IPO investors made 263% profit, now turn for strong recovery
SBI New Deposit Schemes: Millionaire on investment of ₹ 574, SBI introduced two special deposit schemes, check details
Disclaimer: The information provided here is being provided for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.