Skip to main content

September quarter report: Rakesh Jhunjhunwala raises stake in 4 firms, pares exposure in Titan Company

Rakesh Jhunjhunwala and partner RARE Enterprises increased stake in NCC, Agro Tech Foods and long-time favourite Lupin. For the first time, Jhunjhunwala has taken his stake over 1% in Tata Motors.

Small and midcap stocks that bucked the trend in the September quarter were on the radar of ace investor Rakesh Jhunjhunwala as well who raised stake in four firms and reduced it marginally in Titan Company, data collated by AceEquity. He left his stake unchanged in 10 companies.

Indian markets reversed the trend after hitting a low in March to reclaim crucial resistance levels on the way up. The Nifty50 rallied over 9 percent in the September quarter and there was plenty of action in individual stocks in the small & midcap space.

Jhunjhunwala invests in Indian companies under the following names: Jhunjhunwala Rakesh Radheshyam, Jhunjhunwala Rekha Rakesh, Rakesh Jhunjhunwala (in a personal capacity), Rekha Rakesh Jhunjhunwala and RAKESH JHUNJHUNWALA (as a partner of RARE Enterprises).

Jhunjhunwala and RARE Enterprises increased stake in NCC, Agro Tech Foods, and long-time favourite Lupin, the data as on October 16 shows. He also raised his stake to over 1 percent for the first time in Tata Motors.

Going by the year-to-date figures, Tata Motors has been an underperformer but has recouped most of the losses in the last six months, rallying by about 80 percent since March, data shows.

On October 1, Tata Motors reported a 5.09 percent increase in sales to 1,10,379 units in the second quarter of the current fiscal. The company sold a total of 1,05,031 units in the same period last fiscal, Tata Motors said in a statement.

Here is a list of 15 companies in Rakesh Jhunjhunwala's portfolio that have released shareholding data for the September quarter as of October 16, 2020. Please note that this may or may not be an exhaustive list of Jhunjhunwala’s portfolio but only a list of companies in which he holds over 1 percent stake.  



The big bull reduced stake in Titan Company after his wife, Rekha, sold 50,000 shares in the September quarter, according to a regulatory filing.

The recent business updated posted by the company is encouraging. The management has reassured investors that the business is returning to normal, thanks to the recovery in sales in its jewellery division in the September quarter.

Titan's major revenue and EBIDTA come from the jewellery segment, which is highly sensitive to the macro-economic scenario, brokerages say. Reports indicate that Tanishq revenue has recovered to 90 percent of pre-COVID levels, significantly ahead of consensus expectations.

Jhunjhunwala kept his stake constant in 10 companies. Nine of the companies that reported their shareholding data have given positive returns of up to 155 percent in the last six months.

Companies in which Jhunjhunwala maintained his stake are Firstsource Solutions, Geojit Financial Services, MCX, Man InfraConstruction Ltd, CRISIL, Aptech, Orient Cement, The Indian Hotel Company, Fortis Healthcare and Anant Raj.

 

Comments

Post a Comment

Popular posts from this blog

Reliance Jio Q3 results: Profit grows to Rs 3,489 crore; ARPU rises to Rs 151

  The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. Reliance Jio, the telecommunications arm of Jio Platforms, on January 22 posted a net profit of Rs 3,489 crore for the quarter ended December 31, 2020. The profit was higher than the street expectations as analysts in a CNBC-TV18 poll had estimated the number at Rs 3,200 crore. Jio's net profit grew 15.5 percent QoQ as in the September quarter of FY21, its profit was Rs 3,020 crore. The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. A CNBC-TV18 poll had estimated ARPU at Rs 148.2. Revenue, including access revenues for the quarter, was Rs 22,858 crore ($3.1 billion), up 5.3 percent QoQ. A CNBC-TV18 poll had estimated revenue to the tune of Rs 18,165 crore. EBITDA for the quarter stood at Rs 8,483 crore ...
Post a Comment
Read more

Futures Trade | A bullish breakout of a flag pattern in HDFC

HDFC is moving in an uptrend with a minor corrective decline. The range is classified as a flag and a breakout of falling minor trendline confirms a possible upside. HDFC is moving in an uptrend with a minor corrective decline from Nov 20 highs. The decline is on lower, contracting volumes and suggests a correction within an ongoing trend. The range-bound action can also be classified as a flag as it is on coming off a sharp rally. A breakout of falling minor trendline confirms a possible upside. Buy around Rs 2300-2310. Keep a stop below Rs 2250 and hold for a target of Rs 2400 and above that to Rs 2450.
Post a Comment
Read more

Taking Stock | Profit-booking pulls Nifty below 14,450; Sensex drops 549 points

  All the sectoral indices ended in the red with IT and PSU bank indices falling 2 percent each. The market remained under pressure on January 15 on the back of profit-booking across sectors amid weak global cues. At close, the Sensex was down 549.49 points or 1.11% at 49,034.67, and Nifty was down 161.90 points or 1.11% at 14,433.70. "The market witnessed profit-booking and following global trends. Nifty continues to resist 14,600 and has taken a dip towards 14,360. If the market closes below 14,380 levels, we might see a correction till the levels of 14,180-14,200. Momentum indicators like RSI, MACD are indicating a small correction in the markets," said Ashis Biswas, Head of Research at CapitalVia Global Research. All the sectoral indices ended in the red with IT and PSU bank falling 2 percent each. Broader markets performed in line with the main indices with BSE Midcap and Smallcap indices falling 1 percent each. Tech Mahindra, GAIL, HCL Tech, Wipro and ONGC...
Post a Comment
Read more