Home Market Top stocks Big Bull Jhunjhunwala bought and sold in June quarter

Top stocks Big Bull Jhunjhunwala bought and sold in June quarter


NEW DELHI: There are 29 known companies where Big Bull Rakesh Jhunjhunwala holds at least one per cent stake.

In June quarter, this ace investor stayed put on most of these counters, June quarter shareholding data showed.

Jhunjhunwala, often referred to as Warren Buffett of Dalal Street, accumulated shares of Orient Cement and Lupin, but sat tight on 11 other counters during the quarter that saw money chase only select largecaps amid a major selloff in midcaps and smallcaps.

Data showed Jhunjhunwala bought 1 lakh fresh shares in Lupin during the quarter to take his holding to 2 per cent from 1.9 per cent at the end of March quarter. At Wednesdays trading price, Jhunjhunwalas holding in the pharma major was worth Rs 750 crore.

There are many other companies where the Big Bull holds marginal stakes, which often do not show up in the quarterly shareholding data, as companies on report shareholders who hold more than 1 per cent.

One such company is Orient Cement, where the ace investor held 1.2 per cent stake at the end of June quarter, the same percentage he held at the end of December quarter.

Jhunjhunwalas name did not figure in March quarter shareholding data of the company, making some investors to speculate if the ace investor – who generally stays put on his portfolio for the long term – had shunned the counter completely.

Jhunjhunwala did not make any change to his holdings in Aptech, Edelweiss Financial Services, Firstsource Solutions, Geojit Financial Services and Ion Exchange.

He also maintained his holdings in Man Infra Construction, MCX, Crisil, Rallis India and VIP Industries. Shareholding patterns of many other companies that he holds in his portfolio are yet to be disclosed and they might show some interesting trends.

For example, the market guru had trimmed his stake in Titan, his biggest holding, during the quarter through bulk deals. His stake in the company dropped to 6.54 crore shares, or 7.37 per cent stake, from 7.79 crore shares, or 8.78 per cent stake, as of May 21, 2018.

Besides, Jhunjhunwala-owned Rare Enterprises picked 1.30 crore shares in direct-to-home operator Dish TV in the middle of June, accounting for 0.71 per cent stake, NSE bulk deal data showed.

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