Investors closely monitor the portfolios of prominent players on Dalal Street. In line with this interest, ETMarkets has examined the investment holdings of renowned investor Madhusudan Kela. As per the latest data for the September 2025 quarter, Kela has publicly disclosed holdings in about 15 stocks, with a total estimated value of around Rs 2,817 crore as of October 31. It’s worth noting that this list includes only those companies where his stake exceeds 1%, and may not reflect his entire investment portfolio.
A closer analysis shows that seven out of Kela’s 15 portfolio stocks have delivered double-digit returns so far in FY26. We have highlighted these top performers along with three major laggards from his portfolio. The portfolio also saw one new entrant in the September quarter, in which Kela holds a 4.6% stake. (Data Source: ACE Equity, Trendlyne).