Mukul Agrawal trims stake in this smallcap infra firm, likely exits Surya Roshni in Q1. Do you own?

Synopsis

Ace investor Mukul Agrawal trimmed his stake in J Kumar Infraprojects and is likely to have exited Surya Roshni during the June quarter, according to the latest shareholding disclosures. While he reduced his holding in the construction company, his name no longer appears among Surya Roshni's key shareholders, indicating his stake has likely fallen below the disclosure threshold.

Ace market investor Mukul Agrawal has sold a portion of his stake in construction company J Kumar Infraprojects and is likely to have exited lighting manufacturer Surya Roshni in the April-June quarter of FY27.

The price at which the market veteran sold the shares or the exact date when these trades were executed is yet to be ascertained. Since shareholding disclosures are still being released, further portfolio changes by Mukul Agrawal cannot be ruled out.

Mukul Agrawal trims stake in J Kumar Infraprojects

Mukul Agrawal owned 19.31 lakh shares of J Kumar Infraprojects, or a 2.55% stake at the end of Q1 FY27, according to the latest data on the company’s shareholding pattern available on NSE. This implies that the ace investor sold more than 44,000 shares of the company during the first quarter of the ongoing financial year, reducing his holding from 19.75 lakh shares or a 2.61% stake at the end of the March quarter.

Founded in 1980, J Kumar Infraprojects is in the business of construction and development of underground and elevated metro, irrigation projects, diaphragm walls, tunnelling, creek and river structures. The company has a market capitalisation of nearly Rs 3,736 crore.

The shares of the smallcap construction company have declined more than 14% in 2026 so far and 33% in one year. This came after the stock delivered 57% returns over three years and 119% over five years.

Also read: Rekha Jhunjhunwala sells 1 crore Canara Bank shares in Q1. What's behind the move?

Mukul Agrawal likely exited Surya Roshni

Meanwhile, Mukul Agrawal has likely exited his entire stake in smallcap Surya Roshni during the April-June quarter of FY27. He held around 22 lakh shares of the company, or a 1% stake, at the end of the March quarter of FY26. However, his name was not mentioned in the latest shareholding data for the June quarter of FY27, implying that his stakeholding has fallen below 1%.

Surya Roshni manufactures several electrical products, including lighting, home appliances and fans, along with steel and PVC pipes. The company claims to be one of the largest steel pipes and lighting companies in India, with net sales of Rs 7,435 crore recorded in FY25. It has a market capitalisation of more than Rs 5,332 crore.

The shares of Surya Roshni have declined by around 11% in 2026 so far and by 23% in one year. In the longer term, the smallcap stock has delivered 24% returns over three years and 83% returns over five years.

Also read: Rekha Jhunjhunwala likely exits this smallcap metal stock after 90% rally in 1 year. Do you own?

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