Billionaire-investor Rakesh Jhunjhunwala more than doubled his holding in Federal Bank Ltd. in October-December as the private lender’s shares surged more than 30 percent during the period. Jhunjhunwala reduced stake in Dewan Housing Finance Ltd. which is yet to recover from the precipitous drop after the IL&FS crisis in September.
Chennai-based Rajiv Khanna, who invests in the name of his wife Dolly Khanna, increased stake in gold lender Muthoot Capital Ltd. and chemicals maker Nocil. But he cut stake in his biggest bet: Rain Industries Ltd.—shares of the carbon products and cement maker plunged nearly 64 percent last year.
Ashish Kacholia, known for betting on small caps, continued to back the Indian consumption story by increasing his stake in supermarket chain V2 Retail Ltd. He lowered his holding in electric cable maker KEI Industries Ltd.
Investor-trader Vijay Kedia increased stake in building façade maker Innovators Façade Systems Ltd. and electronics retailer Vaibhav Global Ltd.