Rakesh Jhunjhunwala: How Rakesh Jhunjhunwala rejigged his portfolio in June quarter | The Economic Times
Rakesh Jhunjhunwala kept his stake in various stocks largely unchanged in the June 2022 quarter. That said, there are select stocks wherein he booked profits, including potential exits from two companies.
According to the data from Trendlyne, Rakesh Jhunjhunwala and associates publicly hold 34 stocks with a net worth of over Rs 29,301.4 crore, as per the latest corporate shareholdings filed so far. Let us have a look at his rejigs during April-June 2022 period.
Jhunjhunwala’s name was missing from the key shareholders’ list of the state-run aluminium firm as his holding slipped below one per cent during the quarter, signalling an exit from the company. Jhunjhunwala owned 2,50,00,000 equity shares or a 1.36 per cent stake in the company as of March 31, 2022.
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala consistently sold stakes in the casino company throughout the June quarter, which resulted in their holding falling below one per cent. They might have even exited the counter completely. As of March 31, 2022, the duo cumulatively owned 2 crore equity shares or a 7.48 per cent stake in the company.
Rakesh Jhunjhunwala sold 30,00,000 equity shares of homegrown auto major to trim his stake marginally. His holding in the company was slashed to 36,250,000 equity shares or 1.09 per cent in Q1FY23, compared to 39,250,000 equity shares or 1.18 per cent in the previous quarter.
Big Bull of D-Street held a 1.39 per cent stake or 1,830,388 equity shares in the tractor manufacturer by the end of the first quarter of the ongoing fiscal year. He had tendered 3.57 per cent equity, or 47,19,362 of his shares of the firm, according to an exchange filing on April 12. The ace investor held 75 lakh shares or a 5.68 per cent stake in the company as of February 18.
Jhunjhunwala’s holding has changed in percentage terms because of the corporate action in various companies, including NCC, Autoline Industries, Star Health and Allied Insurance, Geojit Financial Services and Aptech. However, the number of shares has remained the same.
Jhunjhunwala’s stake has remained constant in some companies. The list includes Anant Raj, Agro Tech, Canara Bank, Crisil, Edelweiss Financial, Fortis Healthcare, Indian Hotels, Jubilant Pharmova, Man Infra, Orient Cement, Prozone Intu, Rallis India, Tata Communication, Titan, Va Tech Wabag, Wockhardt, Bilcare, Metro Brands and Jubilant Ingrevia.