Mukul Agrawal raises stake in this microcap NBFC, smallcap textile player in Q1. Do you own?

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 Finance

Mukul 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. It focuses on priority-sector lending to MSMEs and vehicle loan customers.


Laxmi Finance shares had made a weak debut on the stock markets in August last year, listing at a 13% discount over the IPO price at Rs 137.52 apiece on the NSE. 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. The stock has now recovered over 53% since then to trade at Rs 109 apiece on Friday.

Also read: Mukul Agrawal trims stake in this smallcap infra firm, likely exits Surya Roshni in Q1. Do you own?

Mukul Agrawal increases stake in Lux Industries

Mukul Agrawal owned 4.65 lakh shares or 1.55% stake in Lux Industries 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 23,146 shares of the company during the first quarter of the ongoing financial year, increasing his holding from 4.42 lakh shares or a 1.47% stake at the end of the March quarter.

Lux Industries, which owns the popular innerwear brand Lux Cozi. After hitting a 52-week low of Rs 824.05 apiece in March this year, the stock more than doubled in less than a month, rallying over 121% to hit a 52-week high of Rs 1,823.35 apiece in April. The stock has however fallen over 30% since then to trade at Rs 1,275 apiece on Friday.

Also read: Rekha Jhunjhunwala likely exits this smallcap metal stock after 90% rally in 1 year. Do you own?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)