Madhusudan Kela picks beaten-down smallcap bets; buys Indiabulls, Simplex Infra in Q4
Ace investor Madhusudan Kela has made fresh investments in underperforming stocks, picking up stakes in Indiabulls Limited and Simplex Infrastructures Limited, signalling a contrarian approach amid recent market trends. Kela acquired over 5.15 crore shares in Indiabulls, representing a 2.22% stake. Indiabulls, a smallcap company with a market capitalization of Rs 2,810 crore, operates across…