As Sensex, Nifty bleed, 65.19% Rakesh Jhunjhunwala portfolio tumbles; favorite stocks to blame, check list

Dalal Street continued to trade on negative note for fourth consecutive day, with Sensex now near 37,100-mark and Nifty 50 struggling to retain 11,000-level. Reason behind the tumble of Indian markets is on the back of weak rupee and rising oil following global peers. While, the shock of decline is massive, especially on Sensex, as investors removed their money in heavy amounts. It’s noteworthy that, the benchmark indices are not alone suffering, even ace investor Rakesh Jhunjhunwala’s portfolio has received a beating on stock exchanges. On Wednesday, nearly Jhunjhunwala's 65.19% portfolio tumbled on Sensex and Nifty. Rakesh Jhunjhunwala, the king of Dalal Street's favorite stocks, did not get much love from investors in yesterday's trading session.   

Starting with Rakesh Jhunjhunwala’s highest holding in percentage terms, Aptech was the worst performer. It tumbled by nearly 12% with intraday low of Rs 162.9 per piece which would be its all-time low. The Warren Buffett of India holds about 24.05% in the company with 9,593,840 equity shares worth Rs 163.91 crore. 

Going ahead, Edelweiss Financial Services, where Jhunjhunwala has the lowest holding of about 1.08%, plunged by 6.48% with intraday low of Rs 242.25 per piece. In the company, he has about 10,000,000 equity shares which are worth Rs 246.75 crore. 

Three stocks under Jhunjhunwala’s portfolio tumbled by more than 5% on BSE. Escorts was down by 5.16% with intraday low of Rs 721.4 per piece, Firstsource Solution by 5.20% with intraday low of Rs 68.35 per piece and Anant Raj below 5.53% with intraday low of Rs 46.9 per piece. 

Jhunjhunwala has about 8.12% or 9,957,632 equity shares of Escorts which are worth Rs 735.67 crore. While, he has about 2.90% or 20,000,000 equity shares of  Firstsource worth Rs 138 crore and 3.22% or 9,500,000 equity shares of Anant Raj valued at Rs 45.36 crore. 

Two stocks namely The Mandhana Retail and VIP Industries tumbled by 4.12% and 4.82% with intraday low of Rs 50 per piece and Rs 515.35 per piece respectively. Jhunjhunwala has about 3.69% or 5,215,000 equity shares of VIP priced at Rs 272.59 crore. Whereas Mandhana Retail would be his second highest holding in percentage terms after Aptech, with 12.74% where he has 2,813,274 equity shares worth Rs 14.5 crore. 

Also in the negative list were DB Realty down by 3.12% with intraday low of Rs 24.8 per piece, JaiPrakash Associate below 3.46% with intraday low of Rs 9.46 per piece and Prozone Intu Properties lower by 3.20% with intraday low of Rs 34.75 per piece. In these three companies, Jhunjhunwala holds about 2.06% each worth Rs 12.57 crore, Rs 47.75 crore and Rs 11.12 crore respectively. 

Apart from this, there was also Jubilant Life Science and Lupin that tumbled by 3.94% and 2.97% with intraday low of Rs 742.70 per piece and 902 per piece respectively. In Jubilant, Jhunjhunwala has about 1.26% shares worth Rs 149.80 crore and in Lupin he holds 1.95% valued at Rs 800.28 crore. 

Together these companies account 65.19% of Jhunjhunwala's portfolio.