Rakesh Jhunjhunwala Portfolio: Rakesh Jhunjhunwala, a veteran investor in the stock market and known as Bigbul, has reduced his stake in VIP Industries. Jhunjhunwala has sold 42.27 lakh shares of VIP Industries during the fourth quarter of FY 2021. In this way, their stake in the company has come down by 3 percent. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala had a total holding of 5.3 per cent earlier in VIP Industries, which has come down to 2.3 per cent. Let us tell you that the tour and travel industry has been hit heavily due to the corona virus. At the same time, its outlook also seems weak.
In the third quarter of FY 2021, Rakesh Jhunjhunwala had a total of 75,00,400 shares in VIP Industries through 2 accounts. As of the end of the fourth quarter of 2021, Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala held 32,73,400 (2.32 per cent) shares in VIP Industries. Talking about this year so far, the company’s stock has come down from Rs 366 to Rs 322. At the same time, in the March quarter, the shares of VIP Industries saw a decline of 3 per cent on the BSE. Whereas in the same period, the Sensex grew by 4 percent.
These companies also sold shares
Rakesh Jhunjhunwala has also reduced the shares of Titan Company. He reduced his holding in Titan Company by 0.3 per cent in the March quarter. Now his stake in the company has come down to 5.1 percent. He has 44,900,970 shares of Titan Company. Let us know that Titan Company has been included in Jhunjhunwala’s portfolio for a long time. Since Jhunjhunwala’s investment, this stock proved to be a multibagger.
Rakesh Jhunjhunwala has also reduced his stake from Tata Communications. Now his stake in the company has come down to 1 percent, which was 1.1 percent in the October to December 2020 quarter. Now he has 2950687 shares of the company.
Increased stake in Fortis Healthcare
Veteran investor Rakesh Jhunjhunwala increased his stake in Fortis Healthcare in January-March 2021. According to the BSE filing, he owned 3.25 crore shares (4.31 per cent stake) of Fortis Healthcare at the end of the March 2021 quarter. Earlier, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala had 3 crore shares (3.97 per cent stake) in the October-December 2020 quarter. Out of which Rakesh Jhunjhunwala had 1.35 crore shares and Rekha Jhunjhunwala had 1.64 crore shares. This year, in 2021, shares of Fortis Healthcare have risen by 29 per cent.
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