Jhunjhunwala’s 10 ‘pet’ stocks where he keeps 70% of holding
By Amit Mudgill
NEW DELHI: Ace investor Rakesh Jhunjhunwala is known to hold more than 1 per cent stake in over 30 stocks, which make up his portfolio of over Rs 13,000 crore.
But just 10 stocks account for Rs 9,204 crore, and out of that, half or Rs 4,625 crore holding is in Titan alone.
Among others, he holds a stake worth Rs 784 crore in Escorts, Rs 712 crore in Lupin, Rs 640 crore in DHFL and Rs 501 crore in CRISIL.
Aurobindo Pharma (Rs 485 crore) Federal Bank (Rs 441 crore), Rallis India (Rs 436 crore), Delta Corp (Rs 304 crore) and Karur Vyasa Bank (Rs 276 crore) are some of the other stocks where Jhunjhunwala has significant stakes, says an ETNow report.
Last week, Jhunjhunwala’s wife Rekha Rakesh Jhunjhunwala sold 25 lakh shares in Delta Corp at Rs 280.35 a share. The ace investor is believed to have subscribed to the IPO of recently-listed Reliance Nippon Asset Management.
This year has been particularly good for the ace investor, often referred to as India’s own Warren Buffett, as two-thirds or 19 of his portfolio stocks have beaten Sensex returns, while 16 of them generated over 50 per cent (up to 245 per cent) returns this calendar.
“Money allows me not be worried about it any time how I will survive. It gives me the choice to buy what I want. It gives me security. It gives me a sense of achievement. I think that is important. Beyond that, it is important, but it is only a means to an end, not an end in itself,” Jhunjhunwala recently told ETNow in an interview.
During the September quarter, Jhunjhunwala his holdings in Titan, Aurobindo Pharma, TV18 Broadcast, Jubilant Life Sciences, Federal Bank and JP Associates, among others, even as he raised stakes in Karur Vysya Bank and Prakash Industries, data compiled by ETMarkets.com showed.
The ace investor was seen raising stake in Prakash Industries to 1.64 per cent from 1.01 per cent at the end of June quarter. Jhunjhunwala and his wife also raised their holdings in Karur Vysya Bank to 4.03 per cent from 3.56 per cent.
RJ and his better half Rekha Jhunjhunwala together held 715,86,220 shares, or 8.06 per cent stake, in Titan at the end of September quarter. This was 20 basis points lower than 733,56,220 shares, or 8.26 per cent stake, they together held in the company as of June 30.
The duo was seen cutting their stake in Viceroy Hotels in September quarter to 8.42 per cent from 13.46 per cent in June quarter.
The ace investor had 1.12 per cent stake in Aurobindo Pharma as of June 30, which at the end of September came down below 1 per cent, the minimum threshold for companies to name investors in shareholding data.
JP Associates is another stock where Jhunjhunwala had over 1 per cent stake (1.03 per cent) as of June 30. His name did not figure in September quarter shareholding data.
Rekha Jhunjhunwala held 2,37,86,700 shares, or 1.39 per cent stake, in TV18 Broadcast at the end of September quarter. She had 247,86,700 shares, or 1.45 per cent stake, in the company at the end of June quarter. September quarter data had no mention of Rakesh Jhunjhunwala’s stake. The ace investor held 197,73,300 shares, or 1.15 per cent stake, in the company as of June 30.
Jhunjhunwala cut stake in Federal Bank to 1.82 per cent in Q2 from 2.15 per cent in Q1, while his holding in Jubilant Life Sciences fell below 1 per cent at the end of September quarter from 1.26 per cent at the end of June quarter.
Rallis India is one stock where Jhunjhunwala trimmed his holding to 9.93 per cent at the end of Q2 from 9.95 per cent at the end of Q1.
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Via:: Economic Times – Stocks