Jhunjhunwala Portfolio: Big Bull Rakesh Jhunjhunwala has made a big cut in holding in two companies.
Jhunjhunwala Portfolio: Rakesh Jhunjhunwala, who is known as Warren Buffett of India, has made a big cut in the holding in two companies. Jhunjhunwala’s stake in these companies was up to 5 percent, but according to Trendline, Jhunjhunwala’s stake in Escorts and Wockhardt has now come down to less than one percent.
Since shareholders holding more than one per cent holding are required to be disclosed as per regulatory filings and Jhunjhunwala’s holding is less than one per cent, the name of Jhunjhunwala & Associates is not included in the list of shareholders in the shareholding pattern given to the stock exchange.
- Jhunjhunwala’s stake in Indian MNC Escorts, which makes agricultural machinery, construction machinery, material handling and railway equipment, stood at 4.8 per cent in the September 2021 quarter. After this, in the next quarter October-December 2021, he increased his holding to 5.2 percent. However, in the very next quarter, Jhunjhunwala made a huge sale of shares and his stake fell to less than one percent.
- Shares of Escorts have weakened 18.66 percent this year. Its shares are currently at a price of Rs 1,547.00 on NSE. However, it has strengthened by 24.07 percent in the last one year. Its shares were at a price of Rs 1934 on 5 April 2022, which is a record price of 52 weeks. Its 52 week low is Rs 1100 which was on 3 May 2021.
- According to the shareholding pattern for the December 2021 quarter, Jhunjhunwala’s stake in global pharmaceutical and biotechnology company Wockhardt Ltd was 2.3 per cent. However, in the very next quarter, Jhunjhunwala sold its shares and thus his stake was reduced to less than one percent.
- Wockhardt’s shares are currently at a price of Rs 298.50 on NSE. So far in 2022 this year, it has broken 21.57 percent. Talking about its 52-week record price, it had reached a high of Rs 804.90 on 26 May 2021, but on 31 March 2022 it had slipped to a 52-week low of Rs 254.30.