Rakesh JhunJhunwala Portfolio: Rakesh Jhunjhunwala has reduced stake in another stock included in his portfolio. Jhunjhunwala has reduced his stake in Autoline Industries by about one percent. In the March quarter (2021), Jhunjhunwala had a 5.65 stake in this company, but in the June quarter it came down to 4.62 percent. His stake has been bought by two legendary investors Utpal Shah and Abhijit Pai. Autoline Industries has given a return of 150 per cent during the last one year.
Veteran investors Utpal Shah and Abhijit Pai bought shares
If you look at the shareholding pattern of Auto Line Industries available on BSE for June 2021, you will find that Utpal Shah has bought 22.50 lakh shares of the company while Abhijit Pai has bought 5 lakh shares of the company. This is 1.32 percent of the total shares of the company. Recently Rakesh Jhunjhunwala has sold shares of some companies and bought some of them. Recently, he has sold shares of Tata Communications and Titan. At the same time, SAIL, Lupine and Edelweiss have bought shares of Financial Services. Rakesh Jhunjhunwala has bought additional stake in Steel Authority of India (SAIL) in the last quarter April-June 2021. According to the shareholding pattern on the BSE website, Rakesh Jhunjhunwala holds 5.75 crore equity shares of SAIL, which is equivalent to 1.39 per cent stake in the company.
Jhunjhunwala not excited about Zomato and Paytm’s IPO, Big Bull has more confidence in metals and domestic banks
Sell Titan shares, buy SAIL
Jhunjhunwala has also increased Edelweiss Financial Services by 0.4 per cent to 1.6 per cent. On the other hand, he has reduced stake by 0.25 per cent and 0.04 per cent in Titan Company and Aptech respectively. In April-June 2021, 22.50 lakh shares of this company from watches to jewelery have been sold. However, his wife Rekha Jhunjhunwala retains a stake in Titan and holds 96.40 lakh shares in the company, which is equivalent to 1.09 per cent stake. Now according to the data available till the end of June quarter, the Jhunjhunwala couple has 4.26 crore equity shares of Titan Company i.e. both have 4.8 percent stake in the company.