Mukul Agrawal’s New Top Pick: Murugappa Small-Cap Sees Highest Stake Addition in Quarter Ended June; FIIs Also Increase Stake in Nearly Debt-Free Company

The Indian equity benchmark indices ended Friday’s session in the red. The Nifty declined for the second consecutive day and slipped below the key psychological level of 25,000, while the Sensex closed below the 82,000 mark. The broader markets also ended in negative territory on Friday. However, stock-specific action was visible, with one of the Murugappa Group’s Small-Cap stock hogging the limelight by registering gains of about 3 per cent.

The stock in focus was Wendt (India) Ltd. It drew attention on Friday following the release of its shareholding pattern for the quarter ended June 2025. Interestingly, foreign institutional investors (FIIs) increased their stake in the company from 6.71 per cent in the March 2025 quarter to 9.17 per cent as of June 2025. While this is positive news in itself, the cherry on top is that ace investor Mukul Agrawal—known for his small-cap bets—appeared for the first time in the shareholding pattern of this Murugappa Group company.

As per the June 2025 shareholding data, Mukul Mahavir Agrawal has acquired a 2.50 per cent stake in the company. Over the last three months, the stock has delivered a return of 10.11 per cent, and in just the past one month, it has surged by an impressive 35.15 per cent. Despite these strong short-term gains, the stock has underperformed in the long run, falling 27.96 per cent over the past year. On a year-to-date (YTD) basis, the stock is down 32.08 per cent, in contrast to the Sensex’s gain of 4.14 per cent and BSE Industrials’ decline of 1.89 per cent.

As of July 18, 2025, Wendt (India) has emerged as the top stock addition in Mukul Mahavir Agrawal’s portfolio, with a 2.5 per cent stake acquired during the June 2025 quarter.

Wendt (India) Limited (WIL) is a market leader in super abrasives and a trusted provider of grinding solutions, boasting a track record of over four decades. In FY25, the Super Abrasives segment contributed 61 per cent of the company's net revenue. The Machines & Accessories segment accounted for 19 per cent, while Precision Products contributed 12 per cent.

Wendt (India) is scheduled to announce its quarterly earnings for the period ended June 30, 2025, on Monday, July 21, 2025. The stock is nearly debt free. 

Disclaimer: The article is for informational purposes only and not investment advice.