The March quarter’s sharp correction in equities saw India’s marquee investors turning contrarian, scooping up smallcap and cyclical stocks battered by weak sentiment. Despite Nifty slipping over 10% and broader markets facing steeper cuts, seasoned names like Radhakishan Damani, Mukul Agrawal, Ashish Kacholia, Madhusudan Kela, Vijay Kedia, Dolly Khanna and Sunil Singhania used the fall to accumulate fresh positions, signalling confidence in recovery.
Radhakishan Damani
Damani entered TSF Investments, a smallcap that lost 39% over the past year, betting on value amid distress.
Mukul Agrawal
Agrawal picked True Colors, a digital textile printing firm, and raised stakes in Capacit’e Infraprojects, Hindustan Construction, West Coast Paper, showing preference for cyclicals.
Ashish Kacholia
Kacholia increased holdings in TechEra Engineering, SG Finserve, Aeroflex Industries, Tanfac Industries, staying focused on niche manufacturing and specialty plays.
Madhusudan Kela
Kela bought into Indiabulls and Simplex Infra, targeting real estate and infrastructure despite sectoral headwinds.
Vijay Kedia
Kedia added Precision Camshafts, a global auto supply chain player, reflecting optimism in automotive recovery.
Dolly Khanna
Khanna invested in Chennai Petroleum, Rain Industries, Sharda Cropchem, highlighting interest in commodity and agrochemical-linked counters.
Sunil Singhania
Singhania initiated a stake in Heritage Foods, banking on consumption-driven stability in dairy.