Rakesh Jhunjhunwala on selling Spree: Cuts stakes in 9 Major Companies

May 16, 2011   ·   2 Comments

, has cut stakes in nine portfolio companies (Adinath Exim Resources, Agro Tech, Geometric, IFCI, Kajaria Ceramics, NCC, Punj Lloyd and Srei Infrastructure).

www.stockssavvy.comThe ace investor, who holds stakes in his wife Rekha’s name as well, has bought fresh shares in two portfolio companies (Lupin and Titan) during the recently concluded March quarter.

The investor, a chartered accountant by qualification, bought around 7.5 lakh shares in Lupin, one of his oldest investments. In Titan, he similarly bought 5.22 lakh shares. Agre Developers, a Future Group company, which is into mall/property management, is the latest addition to RJ’s list of stocks where he holds 1.28 per cent stake.

Jhunjhunwala, who considers Radhakrishnan Damani as his mentor, cut his stake most heavily on Geometric, Kajaria Ceramics and NCC. In the case of IFCI, Punj Lloyd and Srei, Jhunjhuwala’s name does not appear in the investor category that holds more than one per cent at the end of March quarter. It could not be ascertained whether he still holds some shares in the firms or has completely exited the counters.

In 17 counters such as Geojit BNP Paribas Financial Services, McNally Bharat, Praj Industries, Prime Focus and Provogue (India), his stake remains unchanged. Jhunjhunwala manages his own portfolio as a partner in his asset management firm, Rare Enterprises.

Based on Monday’s closing prices, the Malabar Hill resident’s top holdings include Titan Industries (Rs 1707.16 crore), Lupin (Rs 620.60 crore), Crisil (Rs 361.02 crore), A2Z Maintenance and Engg Services (Rs 346.75 crore), Aptech (Rs 164.06 crore) and Rallis India (Rs 162.50 crore). The maverick investor held more than one per cent stake in 34 companies in December 2010 quarter worth Rs 4,700 crore ($1.04 billion). At the end of March quarter, the adjusted portfolio was worth about Rs 4,120 crore ($930 million).

Only six portfolio firms, where his stake at the end of December quarter totalled around Rs 360 crore, have so far not disclosed their March quarter shareholding. These are Delta Corp, Hindustan Oil Exploration, Ion Exchange, Karur Vysya Bank, Strides Arcolab and Zen Technologies.

Exact Stakes sold by RJ will be updated as soon as it is open.

Brief Snapshot of in May,

Stock % Holding No. Of Shares (in Lacs) Net Worth
Viceroy Hotels 10.02 42.50 16
Geojit BNP Paribas Financial Services 7.95 180.00 49
Credit Rating Information Services of India 7.75 5.50 378
Bilcare 7.37 17.35 79
Praj Industries 6.71 124.04 101
Ion Exchange (India) 6.53 8.75 13
Titan Industries 6.43 28.55 1,117
Geometric 6.36 39.65 26
Adinath Exim Resources Ltd 6.09 2.50 1
Agro Tech Foods 4.73 11.54 42
Prime Focus 4.55 63.25 39
VIP Industries 6.43 18.18 122
Autoline Industries 4.26 5.20 8
Delta Corp 3.72 75.00 64
Rallis India 3.35 6.51 94
Hindustan Oil Exploration Company 2.90 37.85 86
Orchid Chemicals and Pharmaceuticals 0.87 6.16 77
Alphageo (India) 2.43 1.25 2
Titan Industries 2.21 9.82 384
Reliance Broadcast Network 2.20 17.50 15
NCC 1.95 50.00 56
A2Z Maintenance and Engineering Services 1.89 14.00 41
Lupin 1.86 83.13 341
Prime Focus 1.80 25.00 15
Kajaria Ceramics 3.4 2.51 20
Provogue (India) 1.66 19.00 9
Mcnally Bharat Engineering 1.54 4.80 11
Hindustan Oil Exploration Company 1.45 18.87 43
Pantaloon Retail (India) – B-DVR 1.32 2.11 4
Stride Arcolab 1.30 7.50 29
Lupin 1.19 53.26 219
Bilcare 1.14 2.68 12
Punj Lloyd 0.34 11.5 28
SREI Infrastructure Finance 1.08 12.50 7
IFCI 1.02 75.00 42

Here is the Brief Snapshot of Rekha Jhunjhunwala Portfolio & Rakesh Jhunjhunwala Portfolio which Moneycontrol missed to Publish in May,2011:

Name of Company Invested in Name of Shares
AGRO TECH FOODS LIMITED Rekha Jhunjhunwala 849559
APTECH LIMITED Rekha Jhunjhunwala 2000000
Titan Industries Ltd. Jhunjhunwala Rekha Rakesh 981694
Viceroy Hotels Ltd. Jhunjhunwala Rekha Rakesh 500000
ZEN TECHNOLOGIES LTD. Rekha Jhunjhunwala 450,000
Bilcare Ltd. Rekha Jhunjhunwala 1735425
Geometric Ltd. Rekha Jhunjhunwala 850000
KARUR VYSYA BANK LIMITED Rakesh Jhunjhunwala Group 2041172
APTECH LIMITED Rakesh Jhunjhunwala 3152100
RISHI LASER LTD. Rakesh Jhunjhunwala 380,000
ZEN TECHNOLOGIES LTD. Rakesh Jhunjhunwala 450,000
Krayon Pictures Rakesh Jhunjhunwala 30 %

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Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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  • Objective234

    Rajesh, can you get the latest portfolio of RJ ? – Thanks

  • Anonymous


    Sure. I will update it asap.

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