Prominent investor Mukul Agrawal diversified his holdings in October by adding 10 new midcap stocks, including 5 lakh shares of IFB Industries valued at ₹95 crore. The move comes as part of a broader reallocation strategy focusing on cyclical and manufacturing plays. Agrawal exited four positions to optimize exposure toward undervalued industrials with consistent earnings visibility. His total market portfolio now exceeds ₹3,500 crore. Market watchers believe his shift reflects confidence in India’s capex recovery and the structural revival of mid-tier manufacturing sectors.