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Ace Investor Bets on Beaten-Down Stocks
11 Apr
Summary
- Investor Madhusudan Kela acquired stakes in Indiabulls and Simplex.
- Both companies have recently underperformed the broader market.
- Kela's portfolio shows selective accumulation in beaten-down stocks.
Ace investor Madhusudan Kela has recently acquired stakes in two underperforming companies: Indiabulls Limited and Simplex Infrastructures Limited. This investment strategy indicates a contrarian approach to the market.
Kela purchased over 5.15 crore shares in Indiabulls, securing a 2.22% stake. Indiabulls, a smallcap entity in real estate and financial services, saw its stock surge 11.47% on Friday, closing at Rs 12.15. Despite this gain, the stock remains 18% down over the past year.
Concurrently, Kela acquired a 1.21% stake in Simplex Infrastructures, a diversified company established in 1924. Simplex Infrastructures' stock rose 6.12% to close at Rs 192.35 on the NSE. However, its shares have declined 36% in the last year, significantly trailing the BSE Sensex and Nifty 50.
These recent purchases underscore Kela's strategy of selective accumulation in companies that have experienced significant downturns. His broader portfolio, valued at over Rs 2,188 crore, includes other notable investments in companies like Kopran and Bombay Dyeing.
