Tata Communications, Wockhardt among 5 new stocks in Rakesh Jhunjhunwala's portfolio

Updated : February 20, 2021 03:27 PM IST

With the stock market scaling new highs of late, Rakesh Jhunjhunwala’s net worth, too, has also gone up manifold.

At the end of December, the portfolios of Jhunjhunwala and his wife, Rekha, had ballooned, and together, they had 40 listed stocks in their kitty.

With the stock market scaling new highs of late, Rakesh Jhunjhunwala’s net worth, too, has also gone up manifold. Since the end of the September 2020 quarter, Jhunjhunwala’s portfolio has grown by a whopping 28.5 percent to over Rs 16,600 crore to date.

In the quarter ended December 2020, Jhunjhunwala — also known as big bull — booked profits in five stocks. In keeping with the new normal, Jhunjhunwala made a few adjustments to his portfolio in the December quarter — he added five new stocks.

At the end of December, the portfolios of Jhunjhunwala and his wife, Rekha, had ballooned, and together, they had 40 listed stocks in their kitty.

The 5 stocks that Jhunjhunwala added to his portfolio in the December 2020 quarter:

Tata Communications (1.12 per cent stake)
Indiabulls Real Estate (1.1 per cent)
Wockhardt (2.26 per cent)
Tata Motors DVR (1.97 per cent)
Anant Raj Global (3.39 per cent)

These apart, in the same quarter, Jhunjhunwala also increased his stake in five stocks — NCC, Jubilant Pharmova, Indian Hotels Company, Fortis Healthcare and Lupin. At the same time, he reduced his holdings in a few stocks as well — Escorts, Firstsource Solutions, Federal Bank, Titan Company and Rallis India.

Earlier this month, Jhunjhunwala gave thumbs-up to the Union Budget presented by Finance Minister Nirmala Sitharaman. He gave it a 10 / 10 rating. On February 2, he had told CNBC-TV18 that the Budget was growth-oriented and laid the ground for India to achieve double-digit growth.

He also said that the FY22 fiscal deficit will be between 6 percent and 6.5 percent and the tax collections would be much better. Most of the shares that he has on his portfolio rallied northward after the Budget.

Jhunjhunwala invests in stocks under these names: Jhunjhunwala Rakesh Radheshyam, Jhunjhunwala Rekha Rakesh, Rakesh Jhunjhunwala, Rekha Jhunjhunwala, Rakesh Radheshyam Jhunjhunwala and Rekha Rakesh Jhunjhunwala.

Published : February 20, 2021 01:14 PM IST

Tata Communications, Wockhardt among 5 new stocks in Rakesh Jhunjhunwala's portfolio

You May Also Like

India's COVID-19 active cases breach 11-lakh mark for first time, record daily high of 1,52,879

Mcap of four of 10 most valued companies jump over Rs 1.14 lakh crore

Ranchi-based start-up Puresh Daily raises Rs 1.2 crore seed fund

Trending on CNBC-TV18

recommended for you