Rakesh Jhunjhunwala Portfolio: Billionaire investor buys 10 lakh more shares of this housing finance company, trims position in PSU stock—Details here

Ace investor Rakesh Jhunjhunwala recently made two tweaks in his portfolio in the quarter ended March 2022. Among other changes, Jhunjhunwala increased his stake in a housing finance company and slashed his position in a government PSU stock.   

As per the latest corporate filings of Indiabulls Housing Finance, the celebrity investor bought 10 lakh more shares of the company in the March quarter.    

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Jhunjhunwala raised his stake in the company from 1.1% in December 2021 quarter to 1.3% in March 2022. Indiabulls Housing Finance latest corporate filing shows that the billionaire investor now holds 60,00,000 equity shares against 50,00,000 equity shares in December 2021.     

Besides, the big bull of the Indian market also reduced his position to below 1% in Steel Authority of India Ltd (SAIL) in the recently concluded quarter, as SAIL’s shareholding for March quarter had no mention of the big bull. The investor held 1.1% stake in the Public Sector undertaking in the quarter ended December ’21.    

Apart from Indiabulls Housing Finance, Jhunjhunwala also raised his stake in a pharmaceutical company and a PSU Bank. The ace investor raised his stake in Jubilant Pharmova and Canara Bank by 0.5% and 0.4% respectively.  

After tweaking the portfolio, Jhunjhunwala now holds 10,770,000 equity shares of Jubilant Pharmova and 35,597,400 shares of Canara bank, as per corporate filings of the two companies.  

As per the latest corporate shareholdings, Rakesh Jhunjhunwala and Associates publicly holds 34 stocks in the March quarter. The value of these stocks has been pegged at over Rs. 32,156.6 crore, as per trendlyne.com.