Veteran investor Mukul Agrawal has raised his stake in microcap NBFC Laxmi Finance and smallcap textile player Lux Industries, according to data on the shareholding patterns of the two companies at the end of the April-June quarter of FY27.The price at which the market veteran bought the shares or the exact date when these trades were executed is yet to be ascertained.
Since shareholding disclosures are still being released, further portfolio changes by Mukul Agrawal cannot be ruled out.Mukul Agrawal increases stake in Laxmi FinanceMukul Agrawal owned 24 lakh shares or 4.58% stake in Laxmi Finance at the end of Q1 FY27, according to the latest data on the company’s shareholding pattern available on NSE.
This implies that the ace investor bought 4 lakh shares of the company during the first quarter of the ongoing financial year, increasing his holding from 20 lakh shares or a 3.83% stake at the end of the March quarter.Incorporated in 1996, Laxmi India Finance is a regional NBFC with a stronghold in Rajasthan and presence across Gujarat, Madhya Pradesh, and Chhattisgarh.
The stock then jumped around 32% in one month to hit a 52-week high of Rs 180.90 apiece.Shares of the non-banking financial company, however, then sharply dropped around 61% to Rs 71.06 apiece in six months to hit a record low of Rs 71.06 apiece in March this year.
