According to AceEquity data, Jhunjhunwala has not made any changes in the shares of 10 companies
Small and midcap stocks that have gained momentum since the September quarter were now on the radar of veteran investor Rakesh Jhunjhunwala. In the September quarter, Rakesh Jhunjhunwala increased his stake in four companies and reduced his stake in his favorite stock Titan. According to AceEquity data, there has been no change in the shares of 10 companies during this period.
The stock market has gained from the low level of March. The Nifty 50 has gained over 9 per cent during the September quarter. During this period, the small and midcap stocks rose significantly.
Jhunjhunwala invests in Indian companies. These include – Jhunjhunwala Rakesh Radheshyam, Jhunjhunwala Rekha Rakesh, Rakesh Jhunjhunwala (Private Investment), Rekha Rakesh Jhunjhunwala and Rakesh Jhunjhunwala (as partners of RARE Enterprise).
Among the stocks in which Jhunjhunwala and RARE Enterprise have increased their stake are NCC, Agro Tech Foods and long-time preferred stock Lupine. These figures are as of 16 October.
Apart from this, Jhunjhunwala has increased Tata Motors shares by 1 percent for the first time. Looking at the figures so far this year, Tata Motors has been the underperformer. But has made up for its losses in the last 6 months.
In the September quarter of the current fiscal year, Tata Motors sales grew by 5.09 percent to 1,10,379 units as of October 1. Tata Motors reported that the company sold 1,05,031 units in the September quarter last year. Big Bull has reduced its stake in Titan Company. Earlier in the September quarter itself, Rakesh Jhunjhunwala’s wife Rekha sold 50,000 shares of Titan.
The 10 companies in which Jhunjhunwala has retained its stake are Firstsource Solutions, Geojit Financial Services, MCX, Man InfraConstruction Ltd, CRISIL, Aptech, Orient Cement, The Indian Hotel Company, Fortis Healthcare and Anant Raj.