By Suhel Khan
For anyone who is investing in the Indian stock markets or wishes to learn the ropes of it, a name synonymous with “visionary investing” will always find its way into conversations. The name is Mukul Agarwal, founder of Param Capital Group, known for his bold investment strategies and a significant impact on the capital markets.
The ace investor who we also call as on of the Warren Buffetts of India, recently bought stakes in quite a few stocks. However, the latest addition to his portfolio is what has got the conversations in the investment circles heated up.
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As per the exchange filings made for the quarter ending December 2024, Mukul Agarwal has bought over 10% stake in 2 less known companies. One of which is a premium car rental company while the other one holds a leading position in the metal recycling industry.
Let us try and see what about these companies just that grabbed Agarwal’s attention enough for him to buy an over 10% stake in them.
Siyaram Recycling Industries Ltd
Siyaram was incorporated in 2007, and the company’s core business is segregating brass scrap, manufacturing brass ingots, billets, and brass rods, and producing brass-based components.
The company was listed in December 2023 and currently has a market cap of Rs 330 cr.
One of the reasons for Agarwal buying this stock could be the bounce back that the company has shown in the recent times.
The company’s sales were at Rs 275 cr at the end of March 2023, which dropped to Rs 215 cr in September 2023 and further to Rs 198 cr in March 2024.
However, the sales were up to Rs 246 cr again for the quarter ending September 2024. The company still hasn’t declared the numbers for the quarter ending December 2024 but given that Mukul Agarwal has already bought a 10.10% stake in the company, the investment community’s hopes are up.
Siyaram has also jumped back to life when it comes to net profits. At the end of March 2023, the company saw losses of Rs 1 cr.
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