Madhusudan Kela’s portfolio: 5 stocks rally up to 135%; 4 new Q4 bets revealed

Investors closely monitor the portfolios of prominent players on Dalal Street. In line with this interest, ETMarkets examined the investment holdings of renowned investor Madhusudan Kela. As per the latest data for the March 2026 quarter, Kela publicly disclosed holdings in about 19 stocks, with a total estimated value of around Rs 2,290 crore as of April 30. This list includes only companies where his stake exceeds 1% and may not reflect his entire investment portfolio.

A closer look reveals that 10 stocks in Kela’s portfolio posted negative double-digit returns over the past year, including five that fell more than 25%. At the same time, a few holdings performed strongly, with five stocks gaining between 35% and 135% over the same period. The portfolio also added four new stocks during the March quarter. (Data Source: ACE Equity, Trendlyne)

Over the past one year, the stock surged 132%, rising from Rs 90 to Rs 210. Madhusudan Kela held a 7.04% stake as of March 2026, currently valued at approximately Rs 40 crore. Notably, it was a new addition to the portfolio during the March quarter.

Over the past one year, the stock gained 63%, moving up from Rs 282 to Rs 459. Madhusudan Kela held a 2.44% stake as of March 2026, currently valued at around Rs 74 crore.

Over the past one year, the stock advanced 50%, increasing from Rs 13 to Rs 20. Madhusudan Kela held a 2.22% stake as of March 2026, currently valued at approximately Rs 102 crore. Notably, it was a new addition to the portfolio during the March quarter.

Over the past one year, the stock climbed 43%, rising from Rs 396 to Rs 567. Madhusudan Kela held a 1.46% stake as of March 2026, currently valued at around Rs 54 crore.

Over the past one year, the stock gained 33%, moving from Rs 390 to Rs 519. Madhusudan Kela held a 4.86% stake as of March 2026, currently valued at approximately Rs 127 crore.

Over the past one year, the stock declined 23%, falling from Rs 121 to Rs 93. Madhusudan Kela held a 1.48% stake as of March 2026, currently valued at around Rs 15 crore.

Over the past one year, the stock dropped 24%, decreasing from Rs 474 to Rs 359. Madhusudan Kela held a 3.31% stake as of March 2026, currently valued at approximately Rs 17 crore.

Over the past one year, the stock fell 31%, slipping from Rs 152 to Rs 105. Madhusudan Kela held a 1.06% stake as of March 2026, currently valued at around Rs 7 crore. Notably, it was a new addition to the portfolio during the March quarter.

Over the past one year, the stock declined 32%, dropping from Rs 1,513 to Rs 1,035. Madhusudan Kela held a 74.36% stake as of March 2026, currently valued at approximately Rs 296 crore.

Over the past one year, the stock fell 33%, decreasing from Rs 302 to Rs 202. Madhusudan Kela held a 2.09% stake as of March 2026, currently valued at around Rs 68 crore.

Madhusudan Kela’s portfolio added four stocks in Q4 FY26: Aptech, Indiabulls, Simplex Infra, and Subam Papers.