5 stocks turn multibaggers in Mukul Agrawals portfolio in 2025: See which ones
The value of Agarwal's portfolio in stocks was valued at Rs 7,237 crore in December 2024 but its value came down marginally to Rs 7,214 crore in December 2025. Yet, 5 of his stocks generated spectacular returns. Know them.
Kolkata: In 2025 small-cap and mid-cap stocks suffered significant corrections putting a lot of pressure of portfolios of many prominent investors. Even in this challenging environment, ace investor Mukul Agrawal surprised many with his stock selection. As many as five of his stocks emerged as multibaggers, though on the whole, his portfolio registered a small decline in notional value.
The current year was marked by 2025 was marked by correction in small-cap and mid-cap stocks, global uncertainty, and stretched domestic valuation pressures. It resulted in the shrinkage of the portfolios of many prominent investors. In a climate when even preserving capital became a challenge, ace investor Mukul Agrawal could boast of 5 multibaggers in his portfolio. Let's have a look at the gems in his stable.
Osel Devices and Zelio E-Mobility stocks
According to media reports, Mukul Agarwal stepped into the July-September 2025 quarter with a 7.6% stake in Osel Devices, company that manufactures LED display systems and hearing aids. It has doubled investors' money in the past year.
Zelio E-Mobility also emerged as a strong asset in his portfolio. Listed in October 2025, its shares rose nearly 180% after its IPO. This company, active in the electric two-wheeler and three-wheeler segments, and recorded revenue growth of 83% in FY25.
Monolithisch India and Zota Healthcare
Monolithisch India is a stock in which Agarwal held 3% stake. This stock also doubled investors' returns on listing. Zota Healthcare is a pharmaceutical sector company, on which Agarwal was bullish about. The veteran investor holds about 8% in this stock and has held his investments since September 2023. It turned multibagger in 2025.
ASM Technologies
The fifth multibagger in Agarwal's portfolio was ASM Technologies. This stock generated a return of about 141% in 2025. Agarwal's stake in this semiconductor and engineering services company has reached 10.7% and its value stood at about Rs 496 crore.
According to reports, the value of Agarwal's portfolio in stocks was valued at Rs 7,237 crore in December 2024 but its value came down marginally to Rs 7,214 crore in December 2025. The reduction in value took place when mid cap and small caps declined.
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