Kela buys Indiabulls, Simplex Infra stakes in Q4
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- Madhusudan Kela acquired over 5.15 crore shares in Indiabulls, a 2.22% stake, in Q4; the smallcap has a market capitalization of Rs 2,810 crore and operates across real estate and financial services.
- Indiabulls stock surged 11.47% to close at Rs 12.15 on the BSE on Friday, yet remains down 18% over the past year and continues to trade below its 200-day moving average, though it has crossed above its 50-day average — an early sign of recovery.
- Kela also bought a 1.21% stake in Simplex Infrastructures, a 1924-founded diversified firm delivering projects in transport, energy & power, mining, buildings, marine, and real estate.
- Simplex Infrastructures gained 6.12% to close at Rs 192.35 on the NSE even as it has fallen 36% over the past year, significantly underperforming the BSE Sensex (5%) and Nifty 50 (7%).
- Kela's portfolio spans 17 stocks with a net worth exceeding Rs 2,188 crore per Trendlyne, with his largest holding being Choice International at Rs 1,127 crore, followed by Mkventures Capital (Rs 267 crore) and Prataap Snacks (Rs 109 crore).
- Other Kela bets include Kopran, SG Finserv, Prataap Snacks, Bombay Dyeing, Emkay Global, and Repro, reflecting selective accumulation in depressed smallcap names.
Why it matters: Kela is deploying capital into stocks that have sharply underperformed the index — Indiabulls down 18% and Simplex Infra down 36% over the past year — a contrarian smallcap bet that could draw retail attention to similarly depressed names, while his Rs 2,188 crore portfolio gives the trades meaningful market weight.
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