Jhunjhunwala Portfolio: It is generally believed that the company in which Big Bull sells, its prices may fall, but it is not necessary that it happens every time.
Jhunjhunwala Portfolio: There is curiosity in the minds of investors about the portfolio of Rakesh Jhunjhunwala, who is called the Warren Buffett of India. Investors have confidence in the mind of excellent returns regarding the stocks included in Big Bull’s (Rakesh Jhunjhunwala) portfolio. It is generally believed that the company in which Big Bull sells, its prices may fall, but it is not necessary that it happens every time. Big Bull’s 1.3 per cent stake in Prakash Pipes at the end of September quarter fell to below one per cent at the end of December 2021. However, its prices have strengthened by about 16 percent so far as compared to December 31.
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Prince Pipes prices up 16% this year
Big Bull Jhunjhunwala held 1.5 per cent stake in Prince Pipes at the end of December 2020, which declined to 1.3 per cent in the next quarter January-March 2021. After this, he once again sold its shares, due to which the stake came down to less than 1 percent at the end of the December 2021 quarter. On December 31, its shares were at a price of Rs 129.75 on the NSE, while on the first trading day of this year, it reached a price of Rs 135.25. On Friday (February 11), it closed at Rs 156.70, which means that this year its prices have strengthened by about 16 percent. Its 52-week record price is Rs 194.70, at which it reached on June 24, 2021.
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Company that manufactures plastic products
Prakash Pipes manufactures PVC Pipes & Fittings and Packaging Products. Talking about its market piers, Astral, Supreme Industries, Finolex Industries, Prince Pipes, Responsive Industries, Nilkamal Limited (Nilkamal) are suitable for investment in this industry. And there are Jain Irrigation options.
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