Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala sees bloody 2018; Barring Titan, no joy for ace investor
Looks like this year, Rekha Jhunjhunwala seems to have lost a hefty amount as almost every stock she holds has declined, except their mutual favorite Titan Company.
The most talked about lady on Dalal Street would be none other than ace investor Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala. While everyone is aware of big bull Jhunjhunwala, not many seem to know about his wife who maintains a low profile, but also has a portfolio that, to an extent, mimics that of her husband. The year 2018 is about to end and many investors would be counting their gains on stock exchanges. However looks like this year, Rekha seems to have lost a hefty amount as almost every stock she holds has declined, except their mutual favorite Titan Company. This would not be surprising, as benchmark indices Sensex and Nifty 50 have corrected from their all-time highs of 38,989.65 and 11,500 respectively.
Rekha Jhunjhunwala is a joint owner of privately owned stock trading firm Rare Enterprise with Rakesh. Both are considered as icons of Dalal Street. Make no mistake, they have definitely made tons of money from their equity investments. However, 2018 was not so great for Rekha.
There were three stocks that Rekha holds, which who have given a result that is in the negative zone by over 46% so far this year. The worst performer would be Aptech which has tumbled by as much as 48.18% this year. Aptech is also the company where she has massive holdings. Currently, the investor has about 11.47% stake in this company with 4,574,740 equity shares valued at up to Rs 87.4 crore.
Aptech was followed by DB Realty and Bilcare at second and third spot of worst performers in the investor's holding. DB Realty plunged by nearly 48%. The investor has about 2.06% stake with 5,000,000 shares worth Rs 13.5 crore, which has tumbled by more than 46%.
On the other hand, Bilcare, where Rekha's investment is the lowest compared to other stocks, tumbled by over 46% this year. She holds about 1.11% stake in Bilcare with 262,500 equity shares worth Rs 89.1 lakh.
Going ahead, also TV18 Broadcast, Autoline Industries and NCC slipped by 38.85%, 38.75% and 36,95% respectively this year. She has about 1.39% stake in TV18 with shares worth Rs 89.1 crore, while the investor holds 3.48% and 7.52% stake in Autoline and NCC with shares valuing up to Rs 4.7 crore and Rs 378.7 crore respectively.
Other companies that gave negative performance were - Delta Corp down by 20.45%, Agro Tech Foods by 18.75% and Crisil by 13.4%.
Rekha has 3.14% stake in Delta with shares worth Rs 207.4 crore. She further holds 2.05% stake in Agro with shares aggregating up to Rs 29.2 crore and about 1.73% stake in Crisil where shares currently value up to Rs 201.7 crore.
It was only Titan shares that have gained in Rekha's portfolio. However, the returns given by Titan was single-digit by 4.11% this year.
Just like Rakesh, wife Rekha also has a major investment in Titan. She holds about 1.30% stake in Titan with 11,575,575 equity shares worth Rs 1,027.5 crore.
Hence, from the above it can be said that Rekha barely made any money this year, considering the high standards she has set.
Rekha Jhunjhunwala maintains a low profile, but Rakesh often talks about her in interviews on TV channels. Notably, she is the joint owner of the couple's privately owned stock trading firm, Rare Enterprises.
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