There are many stocks in the portfolio of veteran investor Rakesh Jhunjhunwala, who have performed strongly so far this year. At the same time, there are some stocks which have also been underperformers in 2020. Investors have received negative returns this year. However, it is not the case that the outlook in these stocks is bad. Fundamental experts of some stocks who are underperformers are looking better and they have also advised to invest in them.
Let us know that Jhunjhunwala is such a player in the stock market, whose portfolio is monitored by other investors. Many investors also prepare their strategy according to what they are buying and selling. Many shares invested by Rakesh Jhunjhunwala have proved to be multibaggers for investors till now. Know which shares of Jhunjhunwala’s choice have not performed well this year.
Indian Hotels
Shares of Indian Hotels have been the underperformers this year. On January 1, the share price was Rs 144, which was trading at Rs 128 on 10 December. This means that the stock has fallen about 13 percent this year.
Rakesh Jhunjhunwala holds about 1.05 per cent stake in Indian Hotels. He has around 12500000 shares in the company. At the current price, the value of these shares is around 162 crores. However, brokerage house Shares Khan has advised to invest in the stock with a target of Rs 155 and IIFL with a target of Rs 140.
Tata motors
Tata Motors shares have also been underperformers this year. On January 1, the share price was Rs 184, which was trading at Rs 177 on December 10. This means that the stock has fallen about 4 percent this year.
Rakesh Jhunjhunwala holds around 1.29 per cent stake in Tata Motors. He has around 40,000,000 shares in the company. At the current price, the value of these shares is around 715 crore. However, brokerage house Motilal Oswal has advised to invest in the stock with a target of Rs 230.
Delta corp
Delta Corp shares have also received negative returns this year. On January 1, the share price was Rs 195, which was trading at Rs 151 on 10 December. This means that the stock has fallen about 29 percent this year.
Rakesh Jhunjhunwala holds around 7.49 per cent stake in Delta Corp. He has around 20,000,000 shares in the company. At the current price, the value of these shares is around 301 crore.
VIP Industries
VIP Industries shares have also been underperformers this year. The share price on January 1 was Rs 429, which was trading at Rs 368 on December 10. This means that the stock has fallen about 17 percent this year.
Rakesh Jhunjhunwala holds around 5.31 per cent stake in VIP Industries. He has around 7,500,400 shares in the company. At the current price, the value of these shares is around Rs 275 crore.
Ion exchange
Ion exchange shares have also performed flat this year. On January 1, the share price was Rs 786, which was trading near the same on December 10. That is, investors have not made any profit in the stock this year.
Rakesh Jhunjhunwala holds about 5.29 per cent stake in Ion Exchange. He has around 775,000 shares in the company. At the current price, the value of these shares is around Rs 61 crore.
Karur Vyasa Bank
Karur Vyasa Bank shares have also received negative returns this year. On January 1, the share price was Rs 60, which was trading around Rs 44 on 10 December. This means that the stock has fallen by 36 percent this year.
Rakesh Jhunjhunwala holds about 4.50 per cent stake in Karur Vyasa Bank. He has around 35,983,516 shares in the company. At the current price, the value of these shares is around Rs 156 crore.
Federal Bank
Among the stocks that have underperformed Rakesh Jhunjhunwala’s portfolio this year include Federal Bank. Federal Bank shares have also received negative returns this year. On January 1, the share price was Rs 89, which was trading around Rs 65 on 10 December. This means that the stock has fallen by 37 percent this year.
Rakesh Jhunjhunwala holds about 2.71 per cent stake in Federal Bank. He has around 53,221,060 shares in the company. At the current price, the value of these shares is around Rs 350.5 crore.
Source: www.financialexpress.com
