While there will be talk of the performance of the stock market between January and March quarter, Rakesh Jhunjhunwala’s portfolio is also going to be in the headlines.
Rakesh Jhunjhunwala Portfolio: Financial year 2022 is now coming to an end. Today is the last trading day of the last quarter of the financials i.e. March quarter. While there will be talk of the performance of the stock market between January and March quarter, Rakesh Jhunjhunwala’s portfolio is also going to be in the headlines. In the last December quarter, market veteran Rakesh Jhunjhunwala increased the shares of some companies in his portfolio and decreased some of them. It is said about Rakesh Jhunjhunwala that he is an expert in sensing the mood and atmosphere of the market. They know how to identify stocks with good and weak fundamentals. In such a situation, let’s see what happened to the stocks on which he had expressed or reduced his confidence in these 3 months.
Bet on the shares of these companies
Among the companies in which Rakesh Jhunjhunwala raised stake in the December quarter were Titan Company, Indian Hotels Company, Escorts Ltd. and Tata Motors Ltd. Like shares are included. At the same time, after being listed in the market, Star Health, Metro Brands also started appearing in their portfolio. Some of these stocks gave excellent returns between January and March.
The first name of these is of Indian Hotels Company. In the December quarter, Big Bull increased its stake in the company to 2.2 per cent. He now holds 28,566,965 shares of the company. This stock has given about 34 percent return in 3 months. At the same time, the stock of Titan Company has also given about 4 percent return in 3 months. He increased his stake in the company by 0.2 per cent to 5.1 per cent in the December quarter. He has a total of 45,250,970 shares of the company.
Out of the 2 new shares that joined the portfolio, the 3-month return in Metro Brands has been 32.6 percent. He holds 14.4 per cent stake in the company and has a total of 39,153,600 shares in the portfolio.
Don’t bet on these
Rakesh Jhunjhunwala sold Escorts Ltd. in the March quarter. The stake was reduced to 5.2 per cent by selling 0.5 per cent. This stock has given a negative return of 14.5 percent in the March quarter. Whereas Tata Motors Ltd. gave a negative return of 8 per cent between January and March. In this company, he had increased the stake by 0.1 percent to 1.2 percent. At the same time, the new stocks included in the portfolio, Star Health, declined 12 percent in the March quarter.
Rakesh Jhunjhunwala will be happy to sell these shares
Aptech Ltd. Rakesh Jhunjhunwala had reduced his 0.3 per cent stake to 23.4 per cent. In the March quarter, this stock has declined close to 14 percent. Jubilant Ingrevia declined 14.7 percent in the March quarter. In this company, he sold 0.8 percent stake in the December quarter. Nazara Technologies also saw a 31 per cent decline in the March quarter. In this company, he sold more than 0.72 percent stake in the December quarter. He now holds 10.1 per cent stake. Whereas SAIL saw a weakness of 5.7 percent. In this also he had sold his stake.
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