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Only 5 stocks in Rakesh Jhunjhunwala’s portfolio in green so far this year

Only 5 stocks in Rakesh Jhunjhunwala’s portfolio in green so far this year

Only 5 stocks in Rakesh Jhunjhunwala’s portfolio in green so far this year
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By Mousumi Paul  Aug 14, 2019 12:57:49 PM IST (Updated)

Amidst all the market’s volatility, the big bull of Dalal Street Rakesh Jhunjhunwala also feels the pain but continues to invest in quality companies. According to Trendlyne’s data, Jhunjhunwala’s wealth declined by 16 percent between April to June quarter this year. Jhunjhunwala’s portfolio consists of around 33 stocks. Out of these stocks, only 5 stocks have gained so far this year.

Benchmark equity indices BSE Sensex and NSE Nifty50 have witnessed heavy selloffs in July on the back of several announcements made by finance minister Nirmala Sitharaman in the Budget 2019, including a hike in the income tax surcharge on FPIs. In July, the Sensex slipped 4.85 percent and the Nifty50 fell 5.69 percent. Amidst all the market volatility, the big bull of Dalal Street Rakesh Jhunjhunwala also feels the pain but continues to invest in quality companies.

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Jhunjhunwala’s portfolio consists of around 33 stocks, according to data compiled by Trendlyne. Out of these stocks, only 5 stocks have gained so far this year. On a year-to-date basis, Ion Exchange rose 71.59 percent, SpiceJet surged 48.88 percent, Titan rose 15.77 percent, MCX gained 14.17 percent and Orient Cement increased 6.33 percent.
Meanwhile, the stocks from Jhunjhunwala’s portfolio that declined the most this year are Dewan Housing Finance, DB Realty, Mandhana Retail Ventures, Prakash Industries, Geojit Financial Services and Bilcare. These stocks fell 50-82 percent this year.
In fact, according to Trendlyne’s data, Jhunjhunwala’s wealth declined by 16 percent between April to June quarter this year. And during this period, he also added a new stock in his portfolio i.e. Prakash Pipes. The big bull bought about 3,12,500 shares or 1.53 percent stake in the company. The stock has been falling since mid-June from Rs 87 per share levels to Rs 64 as on NSE.
Even though most of his holdings are receiving losses, Jhunjhunwala continued to buy more stake in its fortune-making stock Titan. The ace investor bought a marginal 0.01 percent stake in Titan. His biggest investment lies in Titan which is about Rs 6,665.2 crore.
However, the worst performer in his portfolio is Dewan Housing Finance. Currently, he owns a 2.46 percent stake, or 77,20,000 shares, in DHFL, which amounts to Rs 36.28 crore.
The investor’s one of the recent favourites is SpiceJet. He increased his stake by 0.42 percent in India’s second-largest airline. Currently, he owns a 1.67 percent stake, or 1,00,00,000 shares, in the company amounting to Rs 132 crore.
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