Rakesh Jhunjhunwala's latest stock picks in portfolio

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Pee Vee
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Rakesh Jhunjhunwala's latest stock picks in portfolio

Postby Pee Vee » Tue Apr 25, 2017 11:12 pm

Rakesh Jhunjhunwala bought fresh shares in Titan during the March quarter, which saw the stock surge a whopping 48 per cent.

Titan surprised analysts with superb December quarter numbers when the demonetisation drive was expected to hit it real hard. The company reported a 13 per cent jump in standalone net profit for the quarter at Rs 255.75 crore compared with Rs 226.15 crore posted for the same quarter of the previous financial year.

Some analysts said a boost to the jewellery business due to market share gain from the unorganised sector following the cash ban helped Titan. Also, the watches business has been doing well, and it boosted EBIT growth due to a low margin base and decent revenue growth.

Analysts have, however, projected a deceleration in demand in March quarter, and a higher tax rate under GST.

Rakesh Jhunjhunwala held an 8.57 per cent stake, or 76,026,220 shares, in Tata group firm Titan as of March 31, which was worth Rs 3,644 crore as of Friday’s close. Jhunjhunwala had 75,206,220 shares, or 8.47 per cent, stake in it at the end of December, 2016.

Titan is one prominent stock in Rakesh Jhunjhunwala’s portfolio of Rs 10,000 crore, which comprises some 33 listed companies.

During the March quarter, Rakesh Jhunjhunwala sold stocks of McNally Bharat Engineering, First Source Solutions and Prozone Intu Properties, among others.

Rakesh Jhunjhunwala also sold shares in Lupin, Tata Motors DVR and Prakash Industries.

In an interview with ETNow earlier this year, the Big Bull had said he was not satisfied with his performance (portfolio) in the market over the past two years.

In two years to 2016, 40 per cent of the top stocks Jhunjhunwala held deliver negative returns.

Data available with corporate database Capitaline showed Jhunjhunwala held 23,11,349 shares, or 4.31 per cent, stake in McNally Bharat Engineering as of March 31. He was not a significant shareholder in the company during the December quarter. Listed firms are required to report only those shareholder names, who hold one per cent or more stake.

Jhunjhunwala raised stake in FirstSource Solutions to 3.67 per cent, or 2,50,00,000 shares , as of March 31 from 3.47 per cent stake or 2,35,00,000 shares that had held at the end of December quarter.

The ace investor's stake in Prozone Intu Properties rose to 2.46 per cent during the March quarter from 2.06 per cent at the end of December quarter.

Meanwhile, the ace investor trimmed his stake in Lupin to 1.73 per cent holding, or 77,93,105 shares, at the end of fourth quarter from 1.84 per cent stake, or 82,93,105 shares, at the end of December quarter. At Friday’s close, the stake was worth Rs 1,100 crore.

Jhunjhunwala also cut his holding in Tata Motor DVR by 99 basis points to 2.44 per cent at the end of March quarter from 3.43 per cent as of December 31. His stake is in the company was worth Rs 366 crore as of last Friday.

Among others, the Big Bull cut his stake in Prakash Industries to 1.08 per cent in the fourth quarter from 2.21 per cent in the third quarter.

Rallis India (at 9.94 per cent), Delta Corp (9.73 per cent), Dewan Housing (3.19 per cent), Anant Raj (3.22 per cent) and MCX (3.67 per cent) are some of the companies where Jhunjhunwala’s stake (as a percentage of the company’s total shares) remained unchanged during the March quarter.

Jhunjhunwala is known for identifying many multibaggers early. One among them was Escorts, the stock that has swelled 10 time in last four years. Shares of Aptech, another company he backs, are up 266 per cent in last one year.

http://economictimes.indiatimes.com/mar ... 356956.cms

niveza
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Re: Rakesh Jhunjhunwala's latest stock picks in portfolio

Postby niveza » Fri Apr 28, 2017 3:32 pm

Big Boys Of The Indian Stock Market - Part 2

In our pursuit of finding value investors other than Rakesh Jhunjhunwala, in the previous chapter (http://www.niveza.in/stock-news/articles/daily-market-updates/big-boys-of-the-indian-stock-market), we met Porinju Veliyath, Chandrakant Sampat, Raamdeo Agrawal and Ashish Dhawan. But the community of value investors has more names to offer. In this chapter, we will meet four new investors who, through their investment acumen, have redefined the art of wealth creation.

Read Full Article@ http://www.niveza.in/stock-news/articles/big-boys-of-the-indian-stock-market-part-2


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