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Friday, January 28, 2022

Jhunjhunwala Portfolio: Jhunjhunwala’s trust in this pharma sector company, sells its products to giants like Cipla and Serum Institute

Jhunjhunwala Portfolio: Rakesh Jhunjhunwala also has investments in pharma company and his trust in this particular company has remained constant for the last few years. Apart from this, he has also maintained holding in this government bank.

Jhunjhunwala Portfolio: Rakesh Jhunjhunwala, who is called the Warren Buffett of India, also has an investment in the pharma company and his trust in it has remained constant for the last few years. According to Bilcare’s December 2021 quarter shareholding pattern, Big Bull Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 8.48 per cent stake in the company. As per the shareholding pattern given on Trendline, for the last 18 quarters, he has held shares instead of selling them.

On the other hand, Jhunjhunwala had bought shares of PSU bank Canara Bank in the September quarter of last year. Despite the rise in its shares, Big Bull has retained its stake in it and as per the shareholding pattern issued by the bank for the December 2021 quarter, he has a 1.6 per cent stake in Canara Bank.

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Bilcare Research

  • Bilcare is a global player in the pharma and healthcare services space that provides packaging solutions based on innovation i.e. packaging of medicines. Bilcare Research’s clients include Glenmark, Cipla, Dr Reddy’s, Sun Pharma, Zydus, Aurbindo, Serum Institute, Johnson & Johnson, AstraZeneca, Pfizer, Novartis and Torrent Pharma across the globe.
  • Big Bull Rakesh Jhunjhunwala holds 7.37 per cent stake in Bilcare and his wife holds 1.11 per cent. Both hold 19.98 lakh shares of the company since the September 2017 quarter. Both have a holding of Rs 19.3 crore of the company.
  • The shares of Bilcare had fallen on the BSE on March 27, 2020, to a price of Rs 14.80, but after that its price increased and today it has reached a price of Rs 96.45 i.e. about 552 percent return. Last year in 2021, its prices had strengthened by about 90 percent and so far this year it has jumped 10 percent.

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Canera Bank

  • Big Bull had inducted PSU bank Canara Bank in the September 2021 quarter last year. According to the shareholding pattern, he holds 2.91 crore shares of the bank i.e. he holds 1.6 percent stake in Canara Bank. In the December quarter also, he has maintained his holding at 1.6 per cent. His holding in Canara Bank is about Rs 642.9 crore.
  • During an interview in June last year, he had said that the demand for capital would increase in the coming times and banks would have bargaining power. Banks will have this power because of deposits. Due to this, Jhunjhunwala had shown a bullish stance regarding banking stocks. However, he had also said that he is more bullish on older banks as their valuations have come down and they have a lot of potential to go further.
  • Canara Bank’s prices have gained about 50 per cent last year and its shares have jumped 8 per cent so far this year.

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