Rakesh Jhunjhunwala Stock Strategy: The December quarter last year was very impressive for the stock market. During October to December 2020, the SENSEX gave a strong return of over 23%. At the same time, the Nifty gave a return of 22 percent during this period. During the December quarter, the wealth of investors increased by about Rs 33 lakh crore. In this boom, veteran investor Rakesh Jhunjhunwala also made some changes in his strategy for investment. In the December quarter, he sold a few stocks of his choice. At the same time, he has also added 5 new shares to his portfolio. Stocks sold include Titan Company, Federal Bank, Escort, Rallis India, Firstsource Solutions and Fortis Healthcare. On the other hand, the stocks added include Bilcare, Anantraj Global, Indiabulls, Tata Communications and Wockhardt Limited. Know the details …….
These 5 new shares are included in the portfolio
Purchased 20 lakh shares of Bilcare: Rakesh Jhunjhunwala bought an 8.48 percent stake in Bilcare in the December quarter. He has bought 1997925 shares of the company, whose value is close to Rs 9.5 crore.
Bought 1 crore shares of Anantraj Global: Jhunjhunwala has also included Anantraj’s stock in the portfolio. Purchased 1 crore shares while making a new investment in the company, making his stake in the company to 3.39 percent. The total value of the shares is Rs 25.7 crore.
Wockhardt Limited: Jhunjhunwala has bought 2.5 million shares of Wockhardt Ltd, taking his stake in the company to 2.26 per cent. The total current value of the shares is around 130 crores.
Tata Communications: He has bought 3,200,687 shares of the company, worth 333 crores. He holds 1.12 per cent stake in the company.
Indiabulls Real Estate: Jhunjhunwala has bought 50 lakh shares of Indiabulls Real Estate, taking his stake in the company to 1.10 percent. The total current value of shares is around 41 crores.
These companies sold shares
Titan company Jhunjhunwala has reduced his stake by 0.20 per cent in the December quarter as well, so he has a 5.32 per cent stake in the company. He currently holds 4.71 crore shares in the company, worth Rs 7157 crore.
Firstsource solutions Rakesh Jhunjhunwala has reduced the 1.58 per cent stake to 1.29 per cent. He has 90 lakh shares of the company, whose value is Rs 88 crore.
Rallies India Also, they have reduced the stake from 0.38 per cent to 9.93 per cent. He holds 19,305,820 shares of Rallis, which is valued at 550 crores. other than this Escort, Federal Bank And Uptake In the same way, they have reduced the share of 0.89 per cent, 0.31 per cent and 0.17 per cent.