Rakesh Jhunjhunwala’s busy Q4FY19: Latest updates of India's Warren Buffet's stocks

The March 2019 quarter had been quite busy for big bull Rakesh Jhunjhunwala on Dalal Street. The Warren Buffett of India, who is seen as an idol for many investors, had made quite an interesting buying and selling in his portfolio during Q4FY19. Benchmark indices like Sensex and Nifty kicked started the year 2019 on a volatile note, however, did commendable jump in their market price during the month of March. In the same period, Jhunjhunwala had removed money in few of his favorite stock where his wealth is above Rs 500 crore. Among the sell side was  also included the jewelry market dominator Titan Company which has been the biggest multibagger for Jhunjhunwala for quite few years. Among many quotes Jhunjhunwala also said that, Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible. Growth comes out of chaos.” Hence, one can trust that there is a possible strategy in his portfolio. In total, Jhunjhunwala increased his holding in four stocks, while reducing stake in 6 equities. Here’s the list of the stocks which Jhunjhunwala bought and sold during Q4FY19. 

Buyings! 

To begin with, it would be VIP Industries where Jhunjhunwala made the highest buying during Q4FY19. He increased his holding by 1.30%, taking his overall portfolio to 4.99% with 7,048,650 equity shares which as per TrendLyne.com, are currently worth Rs 328 crore.

Going ahead, Jhunjhunwala has once again worked against the forces of nature as his next biggest buying would be in Dewan Housing Finance Corp Limited (DHFL) which was the least preferred stock for investors on exchanges since mid-2018. Jhunjhunwala has hiked his holding by 0.73% in DHFL, taking overall stake at 3.19% with 10,000,000 shares aggregating up to Rs 141.7 crore.

Moving on, it would be Firstsource Solution which also saw a little love from the Dalal Street king. He increased his holding in Firstsource by 0.37% taking it overall to 3.26% with 22,500,000 shares worth Rs 115.2 crore. 

Finally, Jhunjhunwala raised his exposure in Lupin by another 0.16%, taking overall holding to 1.93% with 8,723,605 shares valuing up to Rs 728.4 crore. Lupin is among Jhunjhunwala major multibaggers in portfolio. 

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Sellings! 

In an interesting pattern, Jhunjhunwala reduced his stake in Autoline Industries the maximum by 1.40%. Now he holds about 6.48% stake with 1,751,233 shares worth Rs 8.6 crore.

Autoline was joined by TV18 Broadcast as second in the list to face heavy sellings by the ace investors. He sold 0.93% of his stake in TV18 during Q4FY19. At present, he holds about 1.67% in the company with 28,560,000 shares which are worth Rs 96.7 crore. 

Furthermore, where Lupin was receiving buying sentiment from Jhunjhunwala in Q4FY19, another pharma service provider namely Jubilant Life Science was losing some love. He has decreased his holding by 0.25% in Jubilant, taking it overall to 1.63% with 2,600,000 shares worth Rs 178.8 crore. 

Also, Agro Tech Foods witnessed some selling from Jhunjhunwala, as he reduced his holding by 0.10% in the company. Now his shareholding stands at 6.99% in Agro with 1,703,259 shares worth Rs 98.8 crore. 

Surprisingly, a banking stock was also in the list of Jhunjhunwala’s selling side. It would be Federal Bank where Jhunjhunwala reduced his holding slightly by 0.06%. Currently, he holds 3.39% in Federal with 66,221,060 shares worth Rs 631.7 crore. 

Last but not least, even Titan Company saw a gradual selling from Jhunjhunwala. The market idol trimmed down his holding by 0.01% in Titan taking it to 7.04% with 62,451,220 shares worth Rs 7,007.7 crore. Over half of Jhunjhunwala’s wealth is held in Titan, and the company has definitely given some major returns in 2019. 

Stocks like NCC, Crisil, Lupin, Titan, Federal Bank, Escorts and Delta Corp are among favorites of Jhunjhunwala. However, while he was busy making buying and sellings in Q4FY19, the ace investor did registered a slight uptick in his wealth in the same quarter. As per the TrendLyne.com data, Jhunjhunwala’s net worth rose by 2% to Rs 13,792 crore in Q4FY19 compared to Rs 13,505.6 crore in previous quarter.