Aug 26, 2016

Rakesh Jhunjhunwala’s portfolio grows 5.5 times in seven years, Some of the details of his stock holding and how it pared

Rakesh Jhunjhunwala’s portfolio grows 5.5 times in seven years, Some of the details of his stock holding and how it pared 
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Rakesh Jhunjhunwala’s Stock Holdings/
Big Bull Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala held equities worth Rs 8,900 crore and remained the biggest 'individual public shareholders' on the Dalal Street, June quarter shareholding data showed.
The Jhunjhunwala couple, which owns shares in IT firm AptechBSE -3.12 %, drugmakers Aurobindo PharmaBSE 0.17 % and LupinBSE 0.45 % and banking and financial firms such as Deewan Housing and Karur Vysya BankBSE -0.43 %, among others, have seen the value of their cumulative  ..
Companies where the combined stakeholding of Jhunjhunwala and his better half has gone up include Tata MotorsBSE -1.01 % (DVR) (from nil a year ago to 3.43 per cent in Q1FY17), Intellect Design Arena (3.74 per cent to 5.94 per cent) and Escorts (from 8.14 per cent to 10.18 per cent).

The Jhunjhunwalas raised stake in Delta CorpBSE -0.24 % to 9.32 per cent in Q1 of FY17 from 7.80 per cent in Q1 of FY16. They also increased stake in Agro Tech Foods to 7.66 per cent at the end of June quarter from 6.88 per cent at the end of Q1 FY16.
However, the duo exited McNally Bharat EngineeringBSE 2.77 % and PolarisBSE -0.86 % Consultancy, the PRIME Database study revealed.
The Jhunjhunwalas owned 9.85 per cent stake in McNally BharatBSE 2.77 % and 4.74 per cent in Polaris Consulting at the end of Q1FY16.
As per norms, details of less than 1 per cent shareholding is not required to be published. The couple cut stake in VIP IndustriesBSE 0.96 % from 7.05 per cent to 3.69 per cent, Karur Vysya Bank from 2.9 per cent to 1.92 per cent and Autoline IndustriesBSE -0.74 % from 10.14 per cent to 9.46 per cent in the one year period.

The retail holding went up in 767 NSE-listed companies in last one year till the end of Q1FY17. The average increase in stock prices of these companies in the same period was 20 per cent.
On the flip side, share prices of 671 companies where retail holding fell in last one year have risen by 47 per cent on an average.
"This validates the often-used phrase that retail investors buy at peak and sell at lows," said Pranav Haldea, Managing Director at PRIME Database.
Retail holding in terms of value hit an all-time high of 8.68 per cent in June quarter.

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