Data showed Porinju bought 1.12 per cent or 1,70,000 shares in Swelect Energy Systems, which is engaged in manufacturing of solar power systems. The stake is worth Rs 4.1 crore as of today.
His portfolio management firm bought 1.27 per cent stake in Cupid, a manufacturer of condoms in India. The stake is worth Rs 4 crore as of today.
In McDowell Holdings, Equity Intelligence bought 2.14 per cent or 3,00,000 shares worth Rs 2.1 crore.
Porinju held 1.21 per cent stake in Emkay Global in June quarter. His name did not appear in the September quarter list, suggesting he either pared his stake or exited the counter completely.
From March 2020 low, Porinju’s personal portfolio has jumped six-fold, even as it saw a marginal drop in September quarter, according to publicly available data with Trendlyne.
At last count, his portfolio was worth Rs 236 crore, up from Rs 40 crore in March quarter of 2020 and down from Rs 249 crore as of September 30,2021.
In an interview to ET NOW in June this year, Porinju said: “One thing is very evident, this rally has got a long way to go. But it is going to be a stock picker’s market. When there is a general trend, every stock goes up. It is the time to be extremely careful. Whatever money that is made in the last one-and-a-half years can be lost very fast. It is time to be cautious and strictly adhere to the principles of value investing. If you are an investor and it is going to be good times in the market,” he told ET NOW.
Since his interview, the BSE Sensex has rallied from 52,500 odd levels to 60,000 level.
Porinju was bullish on the market then. But he was wary of new investors entering the market and buying stocks at any price, especially in the small and midcap spaces.
“One should be careful as the market is discounting FY22 numbers,” he had said in the interview.
