What Jhunjhunwala, Damani And Other Investors Bought And Sold In Samvat 2077
Indian equities propelled to record highs during Samvat 2077 on surplus liquidity, speedier vaccination and a recovery in corporate earnings. That's when a deadlier second Covid-19 wave halted a rebound in economic activity earlier this year, and inflation concerns loom.
The Nifty 50 and Sensex surged more than 40% from last Diwali so far. The mid and small cap indices also gained, mirroring the larger benchmarks. Some of the veteran investors used this opportunity to modify their portfolio.
Here’s what Rakesh and Rekha Jhunjhunwala, Radhakishan Damani, Ashish Kacholia, Vijay Kedia and Dolly Khanna bought and sold over the last one year.
The billionaire-investor and his family was listed among large shareholders in 11 new companies, suggesting that either these were fresh buys or the Jhunjhunwalas raised the stake above 1%, mandating disclosures by companies.
Rakesh and his wife Rekha Jhunjhunwala increased holdings in seven firms that were already part of their portfolio—the most in Fortis Healthcare Ltd.
The duo pared the highest stake in apparel and accessories maker Mandhana Retail Ventures Ltd. They either exited or reduced exposure below 1% in six companies.
The billionaire owner and promoter of Avenue Supermarts Ltd., the operator of DMart chain, added more to his exposure in four companies during the last one year.
He pared his holding by most in Tata Group’s Trent Ltd., the operator of Westside apparel stores. He either exited or cut stake below 1% in six firms.
Kacholia, who usually bets on small caps, featured among shareholders with 1% or more exposure in 14 companies during the last one year.
He added to his holding in three firms and pared in seven.
The veteran investor either exited or cut stake below 1% in nine companies.
Kedia either bought or increased stake above 1% in three companies over the last one year.
Among stocks that were already part of the portfolio, the veteran investor raised his exposure by most in Affordable Robotic & Automation Ltd. He also holds the largest stake in the assembly line to automatic car parking solutions provider.
Kedia either exited or cut stake to less than 1% in three companies.
Chennai-based Rajiv Khanna, who invests in the name of his wife Dolly, featured among the shareholders with 1% or more stake in 13 companies during the last one year.
Among the stocks already in his portfolio, the investor added shares of cement-to-sugar maker KCP Ltd., and pared holding in specialty chemical producer Rain Industries Ltd.
Khanna either exited or cut holding to less than 1% in two companies.