Billionaire investor Rakesh Jhujhunwala added Orient Cement Ltd. to his portfolio in the quarter ended June. He also increased his holdings in engineering and construction company NCC Ltd. and drugmaker Lupin Ltd. Jhujhunwala, however, pared stake in one of his favourite bets: jewellery and watch maker Titan Company Ltd.
Chennai-based Rajiv Khanna, who invests in the name of his wife Dolly Khanna, bought stakes in oil explorer Selan Exploration Technology Ltd. and non-bank lender Muthoot Capital Services Ltd. Khanna increased his holding in Som Distilleries Ltd. But he lowered his stake in his biggest bet: Rain Industries Ltd.—shares of the carbon products and cement maker have fallen more than 50 percent so far this year.
Porinju Veliyath’s Equity Intelligence India Fund added gift store chain Archies Ltd. to its portfolio. Veliyath, known for his bets on small caps, increased his holding in brokerage Emkay Global Financial Services Ltd. in his personal capacity.
Investor-trader Vijay Kedia bought shares of stationery company Kokuyo Camlin Ltd. He also increased his holdings in building products maker Everest Industries Ltd. and electronics retailer Vaibhav Global Ltd. But Kedia sold shares of chemicals maker Aries Agro Ltd.
Ashish Kacholia, who usually bets on small caps, backed the Indian consumption story by buying a stake in supermarket chain V2 Retail Ltd. He increased his holding in plastics companies Ester Industries Ltd. and Shaily Engineering Plastics Ltd., and chemicals maker GHCL Ltd. But he sold shares of granite producer and his long-time favourite Pokarna Ltd.