Rakesh Jhunjhunwala portfolio: Canara Bank, Escorts and Bilcare -Major tweaks in Big Bulls portfolio in q4
Rakesh Jhunjhunwala has made some major tweaks in his portfolio for the quarter ended March 31, 2022. As per the BSE filings, the Big Bull of the Indian market has increased stake in a PSU Bank stock, cut his position significantly in a tractor manufacturer stock and stayed put in a healthcare counter.
Celebrity investor Rakesh Jhunjhunwala has made some major tweaks in his portfolio for the quarter ended March 31, 2022. As per the BSE filings, the Big Bull of the Indian market has increased stake in a PSU Bank stock, cut his position significantly in a tractor manufacturer stock and stayed put in a healthcare counter.
As per BSE filings of these companies, Jhunjhunwala increased his stake in Canara Bank from 1.6% in the quarter ended December 2021 to 2% in the March'22 quarter. Similarly, the ace investor cut down his position significantly in tractor manufacturer, Escorts, from 5.25% in December'2021 to below 1% in March '22, while he stayed put in healthcare stock, Bilcare, with 8.5% worth of equity shares, as per BSE shareholding patterns of these companies.
See Zee Business Live TV Streaming Below:
Besides, he also raised his position in Wockhardt from 2.08% in December 21 to 2.26% as on March 28, 2022, showed BSE shareholding data of the pharma stock.
Canara Bank shares have gained over 85%, Escorts share price rose over 30% and Bilcare clocked over 50% return in the past one year as on April 11, 2022.
Meanwhile, Rakesh Jhunjhunwala and Associates publicly holds 35 stocks with a net worth of over Rs. 33,724.3 crore for the quarter ended March 31, 2022, as against 37 stocks with a net worth of over Rs. 34,674.0 core, showed trendlyne.com. This is a dip of around Rs 950 crore or 2.8% between the December and March quarters.
In terms of value, the celebrity investor holds maximum exposure in Titan. Jhunjhunwala spent maximum amount of over Rs 11,000 crore in Titan, followed by around Rs 7500 crore in Start Health Insurance and over Rs 2300 crore in Metro Brands as on quarter ended December 2021. Shareholding details of these companies for the quarter ended March 2022 are yet to be updated on exchanges.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.