Mukul Agarwal sold stakes in 4 companies in Q2 FY26: BSE, Sula Vineyards & more
Renowned investor Mukul Agarwal significantly reduced his stake in four companies, including BSE and Sula Vineyards, during Q2 FY26. His holdings dropped below 1% in each, signaling strategic portfolio rebalancing. Despite these divestments, Agarwal maintains substantial investments across 71 companies, valued at Rs 7,507 million, reflecting dynamic shifts in his investment strategy.
New Delhi: India's renowned investor and founder of Param Capital Mukul Mahavir Agarwal reduced his stake in four companies in the second quarter (Q2 FY26). These include BSE Limited, Raghav Productivity Enhancers Limited, MITCON Consultancy and Engineering Services Limited and Sula Vineyards Limited. They have reduced their stake in these companies to below 1 percent. These moves reflect changes in their investment portfolio. Mukul Aggarwal currently owns a stake in 71 companies and the total value is about Rs 7,507 million.
Raghav Productivity Enhancers Limited
Raghav Productivity Enhancers Limited was established in 2009. The company manufactures and sells ramming mass, silica and other quartz-based refractory products that are used in the steel, foundry and recycled metal industries. The market cap of this company is Rs 3,255.16 crore. Its shares closed at Rs 698.65 per equity share on Friday. By September 2025, Mukul Agarwal's stake in the company is below 1%. In the June quarter, he had 1.04% stake i.e. 4.78 lakh shares, which makes it clear that he has reduced his stake a bit.
BSE Limited
Established in 1875, Mumbai-based BSE Limited provides trading platforms for equities, currencies, derivatives, mutual funds and other securities in the country and internationally. The market cap of BSE is Rs 1,00,757.65 crore. Its shares closed at Rs 2,475 on Friday. By September 2025, Mukul Agarwal's stake in the company stood at less than 1%. In the previous quarter, he had 1.18% stake in this company i.e. 48 lakh shares.
MITCON Consultancy And Engineering Services Limited
Pune based MITCON Consultancy and Engineering Services Limited was established in 1982. It provides services like renewable energy, biofuels, green chemistry, wind-solar projects. The company's market cap is 130.78 crore and its shares closed at 75.39 on Friday. In this company too, Mukul Aggarwal's stake has dropped to less than 1% by September 2025. Earlier in the June quarter, this share was 1.47% or about 2.61 lakh shares.
Sula Vineyards Limited
Mumbai-based Sula Vineyards Limited is India's leading wine manufacturer that sells wines under brands like RASA, The Source, Dindori, SULA CLASSICS and York. Its market cap is Rs 2,149.17 crore. Its shares closed at Rs 254.05 on Friday. Mukul Agarwal's stake in this company has come down from 1% in September 2025. In the last quarter, he had 1.78% stake in the company i.e. 1.5 lakh shares.
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