In the third quarter of the current financial year 2020-21, in October-December 2020, veteran investor Rakesh Jhunjhunwala sold some shares of nine companies in his portfolio. After that only four of these stocks have fallen and the remaining five have given positive returns. Jhunjhunwala reduced stake in Crisil, Aptech, Federal Bank, Rallies India, Fortis Healthcare, Autoline Industries, Escorts and Firstsource Solutions, in addition to his favourite company Titan. Out of this, the remaining stocks, except Fortis Healthcare and Crisil, have reached almost double the peak price of March 2020.
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Bounce in these stocks
- Among the nine stocks in which Rakesh Jhunjhunwala has reduced his stake, education technology firm Aptech has the highest jump. Aptech shares have risen 39 per cent in 2021 this year and its prices have reached Rs 218 per share at this time. Jhunjhunwala had reduced his stake in this company by 0.17 per cent and now he has a 23.84 per cent stake in this company.
- Jhunjhunwala had a 2.4 per cent stake in private sector bank Federal Bank at the end of December 2020, which is 0.30 per cent lower than the second quarter of July-September 2020 in the current financial year. Federal Bank shares have risen 29 per cent this year.
- In Fortis Healthcare, it has reduced its stake in Jhunjhunwala to 2.18 per cent. In the last year 2020, the share of this company has gone up by 45% but since December 2020, it has gained 13.46% in 2021 this year.
- The two stocks in which Jhunjhunwala lost the most stake in the last quarter October-December 2020 were Firstsource Solutions and Escorts. This year, in 2021, Escorts shares have gained 2.8 per cent and Firstsource Solutions has gained 5.6 per cent.
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These stocks supported Big Bull’s decision
- Rakesh Jhunjhunwala, called Warren Buffet of India, reduced his stake in some stocks, his stock price has come down. Jhunjhunwala reduced his stake in Titan Company by 0.20 per cent and in 2021 this year its share price has fallen by 5.4 per cent.
- Jhunjhunwala had reduced the stake by 0.55 per cent in Autoline Industries and now he holds 5.64 per cent shares of this company. The stock of this company has fallen by 3.8 percent this year.
- Jhunjhunwala’s stake in Rallis India is now 10 per cent and since he reduced his stake in it, its shares have broken up to 3.16 per cent.
- Jhunjhunwala also reduced his stake in CRISIL. Crisil shares have lost 1.33 per cent in 2021 this year.
(Jhunjhunwala’s shareholdings are based on the report released at the end of the third quarter of October-December 2020 for the current financial year 2020-21.)