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Contrarian Investors Bet on Beaten-Down Stocks
23 Jul
Summary
- Mukul Agrawal buys stake in Arisinfra Solutions after IPO price drop.
- Akash Bhanshali increases stake in Greenlam Industries for third time.
- Both investors bought shares while market attention was elsewhere.
Mukul Agrawal has taken a 1.59% stake in Arisinfra Solutions, a construction materials B2B platform that has traded below its IPO price since its listing in June 2025. The company has shown significant financial improvement, with sales growing 39% in FY26 and operating profit doubling.
Simultaneously, Akash Bhanshali has increased his stake in Greenlam Industries to 4.5%. Greenlam has undergone substantial capacity expansion, tripling its fixed assets and increasing borrowings to fund new plants. This expansion has temporarily impacted profitability.
Both investors made their purchases while general market attention was diverted. Agrawal's entry into Arisinfra coincided with a decline in retail and foreign investor holdings. Bhanshali's continued investment in Greenlam occurred during a period of falling reported profits, driven by significant capital expenditure.
Arisinfra faces scrutiny over its auditor's exit and high debtor days, while Greenlam's valuation is high at a 109x PE ratio, with substantial debt. These contrarian plays highlight the strategy of buying into companies when prices are low and overlooked.
