Rakesh Jhunjhunwala portfolio: Billionaire investor trims around 1% stake in SAIL, Jubilant Ingrevia

Ace investor Rakesh Jhunjhunwala has trimmed stakes in these two stocks – Steel Authority of India (SAIL) and Jubilant Ingrevia, the December shareholding pattern of companies revealed.  

As per SAIL’s latest shareholding pattern, Rakesh Jhunjhunwala has offloaded 0.7 per cent stakes, reducing the total holding in the company by around 1.1 per cent, which is 45,000,000 equity shares in the company. 

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Rakesh Jhunjhunwala in September quarter had added around 0.4 per cent stakes in the company as it total stakes in previous quarter was nearly 1.8 per cent. The stock in the last one year has made am average returns of over 63 per cent as compared to 23 per cent rise in the S&P BSE Sensex. 

Similarly, the celebrity investor has also dumped nearly 0.8 per cent stakes in Jubilant Ingrevia, slashing the total holding to 4.7 per cent, which comes to 7,520,000 equity shares, as per the December shareholding pattern of the company available on the BSE. 

Jhunjhunwala has reduced his stakes in the Jubilant group’s chemical subsidiary in the previous quarter as well. In September quarter, ace investor had held 5.5 per cent stakes in the company and had made fresh entry into the stock in June quarter of 2020. 

Besides these two shares, the billionaire investor has reduced promoter stakes in Aptech Limited by 0.3 per cent, cutting the total holding to 23.4 per cent, which converts to 9,668,840 equity shares, the December shareholding pattern of the company revealed. 

Similarly, the investor has reduced his stakes below 1 per cent in The Mandhana Retail Ventures, Prakash Pipes, TARC Limited during the December-end quarter, as per respective shareholding’s. 

Rakesh Jhunjhunwala, who is also known as the Big Bull of the Indian stock market, along with his wife and Associates publicly holds around 38 stocks with a net worth of over Rs 36,315.3 crore, as per the stock analysis website Trendlyne.