The market veteran and founder of Param Capital Group, with over two decades of experience in capital markets, held 5 crore shares of HCC at the end of the March quarter. This translates into an increase in his stake from 1.68% at the end of Q3 FY26 to 1.91% at the end of Q4 FY26.
At Thursday’s closing price of Rs 16.52 per share, the nearly 60 lakh shares of HCC purchased during the quarter would be worth close to Rs 10 crore. HCC is an engineering and construction company engaged in infrastructure projects such as dams, tunnels, bridges, and hydro, nuclear, and thermal power plants, among others.
The stock has gained over 15% in the past week, but is still down around 7% so far in 2026. It has a market capitalisation of approximately Rs 4,665 crore.
Meanwhile, Agrawal held 56 lakh shares of Capacit’e Infraprojects, representing a 6.62% stake in the company, at the end of the March quarter of FY26. In the preceding quarter, he held 51.5 lakh shares, translating into a 6.09% stake. Notably, he is among the largest public shareholders of the company, alongside Vikas Khemani, who holds a 1.74% stake.
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At the previous closing price of Rs 225.28 per share, the 4.5 lakh shares added during the quarter would be worth over Rs 10 crore.
With a market capitalisation of nearly Rs 1,968 crore, Capacit’e Infraprojects is a construction company providing end-to-end services for residential, commercial, and institutional projects, with a presence across the Mumbai Metropolitan Region (MMR), Gandhinagar, Pune, Goa, and NCR.The stock delivered negative returns of 34% over the past year, significantly underperforming the Nifty’s 7% gain in the same period. So far this year, the share price is down over 9%.
With shareholding disclosures still being released, further portfolio changes by Mukul Agrawal cannot be ruled out.
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