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Friday, January 28, 2022

Jhunjhunwala Portfolio: Despite 194% return in 1 year, Jhunjhunwala reduced stake in this company, also sold shares of Mandhana Retail

Rakesh Jhunjhunwala Portfolio: Rakesh Jhunjhunwala and Rekha Jhunjhunwala currently hold 23.43 per cent stake in Aptech, as against 23.72 per cent at the end of September 2021 quarter.

Rakesh Jhunjhunwala Portfolio: Veteran investor Rakesh Jhunjhunwala has sold his stake in specialty retail chain The Mandhana Retail Ventures. At the end of September 2021 quarter, Rakesh Jhunjhunwala held 16.30 lakh shares or 7.4 per cent stake in the firm. But, Rakesh Jhunjhunwala’s name is not there in the list released by the company on BSE in the December 2021 quarter. Companies are not required to disclose the names of shareholders holding less than one per cent stake. According to Trendline data, Rakesh Jhunjhunwala’s stake in Mandhana Retail Ventures is less than one percent as of December 31, 2021.

Shares of Mandhana Retail Ventures fell 4 per cent to Rs 16.80 in intraday on Wednesday. In the past five days, the stock has gained nearly 5 per cent, and has gained 2.7 per cent so far this year. Although it has fallen by more than 6 per cent in the last six months, it has seen a rise of 45.5 per cent in the last one year.

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Also reduced stake in Aptech

Apart from Mandhana Retail Ventures, Big Bull has also reduced its stake in Aptech. According to Trendline’s latest update, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala currently hold 23.43 per cent stake in Aptech, as against 23.72 per cent at the end of September 2021 quarter. Aptech’s share price rose by 4.5 percent in intraday on Wednesday, reaching a level of Rs 447.95. With this, the stock has crossed its previous high of Rs 444 on January 4, 2022. In the last one year, this stock has almost tripled with a gain of 194 percent. The stock has gained 12 per cent in the last one month, while it has gained 76 per cent in the last six months.

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Even less stake in TARC

Rakesh Jhunjhunwala has also sold his stake in real estate sector smallcap company TARC or Anant Raj Corporation in the December 2021 quarter. At the same time, during the third quarter of FY 2022, Jhunjhunwala has increased his stake in Escorts. His stake in Escorts is around Rs 1,202 crore with 64 lakh equity shares. Whereas there has been no change in his stake in Canara Bank and Bilcare. According to Trendline data, Jhunjhunwala and his associates hold 38 shares in the public domain with assets of over Rs 25,514 crore.

(Article: Surbhi Jain)

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