Madhu Kela picks up stake in this stock market proxy player in Q3

Veteran investor Madhu Kela has picked up a 1.12% stake in Emkay Global during the December quarter, according to the company’s latest shareholding disclosure, signalling fresh interest in the mid-sized broking and financial services firm.

At the same time, ace investor Dolly Khanna trimmed her holding in the company to 2.3% at the end of the December quarter, down from 2.7% in the September quarter.

Emkay Global’s shareholding pattern shows promoters holding about 72% of the company, while the remaining 28% is owned by public shareholders, including domestic institutions, non-institutional investors and high-net-worth individuals. The high promoter stake highlights management control and long-term commitment to the business.

Emkay Global is a diversified financial services company with a strong presence in equity broking, institutional equities, investment banking, wealth management and research.

The investment banking business is a mid-market focused, product-agnostic platform. It advises clients to raise growth capital from either public or private markets. It also provides ECM advisory services like buybacks, open offers, and delisting, among others. Emkay’s Wealth Management division offers personalized financial planning, high-potential investment opportunities, and strategic asset management solutions.

Madhu Kela’s entry into the stock is being closely watched by market participants, given his track record of spotting midcap and smallcap opportunities early in their growth cycles.Dolly Khanna’s partial exit, on the other hand, appears to be a portfolio rebalancing move rather than a full exit. Khanna, who invests jointly with her husband Rajiv Khanna, is known for investing in fundamentally strong companies with niche positioning.The entry of a seasoned investor like Madhu Kela could add to market confidence around Emkay Global, even as promoter ownership remains dominant and public shareholding reflects active investor churn.

Following the news, the company’s shares closed nearly 8% higher on Friday. In the last one year period, the stock has run up 5%. The company is scheduled to announce its third quarter results on January 27.