Goel’s portfolio, which delivered 4 times’ returns between March 2020 and June 2021, has started reversing gains following a recent fall in sugar and other commodity stocks. At last count, his portfolio of 33 stocks was valued at Rs 1,333 crore, down 5 per cent over Rs 1,412 crore at the end of June quarter, data publicly available with Trendlyne said.
The smallcap space, however, has shown no sign of weakness. On Friday, the BSE Smallcap hit an all-time high of 28,456.90.
Uttam Sugar Mills, where Goel owns 7 per cent stake, is off 38 per cent from its 52-week high of Rs 307.25 hit on June 30. Goel owns Rs 51 crore worth of Uttam Sugar shares. The scrip is still up 118 per cent for the last one year. Dhampur Sugar, where Goel holds a stake worth Rs 251 crore, is down 24 per cent over its 52-week high of Rs 395 hit on July 2. Austin Engineering, Majesco Auto, KG Denim are some other Goel’s portfolio stocks that have fallen over 30 per cent from their 52-week highs.
The investor trimmed his stake in Dhunseri Tea by 30 basis points to 2.9 per cent in the June quarter. The stock is down 28 per cent over its 52-week high of Rs 405.40 seen on June 18. He bought 1.39 per cent stake in Amarjothi Spinning Mills in the June quarter, taking his total stake to 5.3 per cent. This stock is also down 26 per cent from its 52-week high of Rs 223 reached on July 18.
He had trimmed his stake in Magadh Sugar in the quarter. This stock is down 24 per cent from its 52-week high of Rs 386.35 hit on July 5.
Some of Goel’s biggest bets such as KRBL (Rs 253 crore), Dalmia Bharat Sugar (Rs 206 crore), Triveni Engineering and Dwarikesh Sugar (Rs 87 crore) are off 12-18 per cent from their 52-week highs. In total, there are 17 stocks in his portfolio that are in bear territory, according to Trendlyne.
