Tue, Jan 14, 2025 9:58 PM
Mukul Agrawal Portfolio: Ace investor reduces stake in this small-cap stock
A Flip by Shubhangi Gupta
Sharekhan's research report on HCL Technologies: HCL Tech reported revenue of $3,533 million, up 3.8% q-o-q/4.1 % y-o-y in CC terms, missing our estimate of $3,561 million. EBIT margin expanded by ~90 bps q-o-q to 19.5%, beating estimates of 19.3%. New deal wins TCVs stood at $2,095 million, down 6% q-o-q/up 9% y-o-y.
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The stock of One MobiKwik has lost nearly 13% since declaring its September quarter result on January 07 following rising customer acquisition costs, fixed costs, and user incentives, which resulted in a net loss for the second consecutive quarter. Earlier, the B2C online payment services provider had a stellar run on the bourses gaining 157% within a week since its listing.
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Ace investor and stock picker Madhu Kela has recently added a new share is his portfolio. The ace investor has picked 33,79,834 shares in Indostar Capital Finance. According to data available on BSE, the investor now owns 2.48 per cent stake, which is worth ₹83.8 crore. Other than Indostar Capital Finance, the ace investor has also picked up 1.6 per cent stake in Waaree Energies.
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