Nemish Shah's Portfolio Stocks Gain Spotlight After Union Budget 2026 Defense Push
Two prominent stocks in the portfolio of Nemish Shah, co-founder of ENAM Securities and renowned investor often dubbed India's answer to Warren Buffett, are drawing significant attention from stock market participants following the central government's initiatives outlined in the Union Budget 2026. According to a detailed report from Financial Express, Shah currently maintains a highly concentrated individual portfolio consisting of just five stocks, with a total net worth amounting to ₹3,238 crore.
Elgi Equipments: Positioned for Defense Order Surge
Elgi Equipments has emerged as a key focus for investors post-budget due to its strategic engagement with the Indian Navy. The company is poised to benefit from a potential surge in defense orders, as highlighted in the news portal's analysis. This positioning is bolstered by Elgi Sauer Compressor Ltd, a joint venture with JP Sauer & Sohn, which has become integral to the Indian Navy's operations. The venture specializes in indigenizing high-pressure compressors essential for naval divers and spark systems for naval engines, enhancing self-reliance in defense technology.
LMW: Tier-1 Partner for HAL's Outsourcing Plans
Simultaneously, shares of Lakshmi Machine Works (LMW) are under the investor microscope as the government accelerates its focus on defense equipment demand. LMW serves as a Tier-1 partner to Hindustan Aeronautics Ltd (HAL), positioning the firm to capitalize on increased outsourced structural manufacturing. HAL's plans to expand this outsourcing align with broader defense sector reforms, making LMW a potential beneficiary of these strategic shifts.
Nemish Shah's Stake Details in Both Companies
Public shareholding data sourced from BSE reveals the extent of Nemish Shah's investments in these firms. Shah holds 53.6 lakh shares of Elgi Equipments, constituting a 1.69% stake in the company. In LMW, his ownership amounts to over 5.27 lakh shares, representing a significant 5.36% of the total shareholding. These substantial positions underscore his confidence in both companies' growth trajectories within the evolving defense landscape.
Elgi Equipments Share Price Performance and Trends
Elgi Equipments shares concluded Friday's trading session at ₹484.70, marking a slight decline of 0.58% from the previous close of ₹487.55, as per NSE data. Despite recent fluctuations, the stock has demonstrated robust long-term performance, delivering investors returns exceeding 194% over the past five years and over 17% in the last three years. However, it has experienced a downturn of 13.67% in the one-year period. Year-to-date in 2026, the stock has gained 1.80%, with a notable rise of 12.41% in the last five market sessions.
Key milestones for Elgi Equipments include:
- 52-week high: ₹608.40 on 24 July 2025
- 52-week low: ₹401 on 9 April 2025
- Market capitalization: ₹15,360.58 crore as of 6 February 2026
LMW Share Price Performance and Trends
LMW shares ended Friday's session at ₹15,505, down 1.15% from the prior close of ₹15,686, according to NSE figures. The stock has rewarded investors with impressive returns of over 160% in the last five years and more than 35% in the past three years. In the one-year timeframe, it has seen a modest decline of 1.20%. Year-to-date in 2026, LMW has advanced 3.47%, with a gain of 3.92% over the last five trading sessions.
Notable data points for LMW:
- 52-week high: ₹18,250 on 14 May 2025
- 52-week low: ₹13,450.05 on 28 February 2025
- Market capitalization: ₹16,563.99 crore as of last week's close
Disclaimer: This content is intended for educational purposes only. Investors are strongly advised to consult certified financial experts before making any investment decisions, as market conditions are subject to rapid changes and individual circumstances may vary.
