Check out what Jhunjhunwala, Dolly Khanna, Kacholia sold in Sept quarter
Jhunjhunwala was seen trimming stakes in four of his portfolio companies.
Jhunjhunwala was seen trimming stakes in four of his portfolio companies. He, along with his better half Rekha, cut stake in Titan to 6.51 per cent till the end of September quarter from 7.05 per cent at the end of June quarter. The Big Bull also trimmed his holding in Lupin for the second quarter in a row to 1.56 per cent from 1.71 per cent at the end of June. It was 1.93 per cent at the end of March quarter.
The Jhunjhunwalas also reduced holdings in Ion Exchange to 5.29 per cent from 5.46 per cent, sequentially. Besides, he cut stake in Firstsource Solutions by 15 basis points to 3.10 per cent from 3.25 per cent. However, his holdings in Bilcare, Crisil, Fortis Healthcare and Orient Cement remained unchanged.
September quarter shareholding data for the remaining stocks that Jhunjhunwala holds was not available till the time of filing of this report.
The September quarter witnessed a 4.9 per cent plunge in the Sensex in July, followed by a month of dull trade when the index slipped 0.8 per cent and then a strong rebound in September, when it rose 3.57 per cent.
“You can never predict how the market will react. You can model it. You may try to predict it, but when it comes to weather, markets and risks, only God knows what will come because only He has seen tomorrow,” the ace investor, often referred to as India’s own Warren Buffett, told ETNOW in an interview.
Dolly Khanna, whose portfolio is managed by her better half Rajiv Khanna, reduced stakes in Rain Industries and NOCIL while her holding in Muthoot Capital Services fell below 1 per cent. In Rain Industries, she cut holdings by 10 basis points to 1.81 per cent from 1.91 per cent. In NOCIL, she now holds 1.93 per cent stake against 2 per cent at the end of June quarter.
Rajiv Khanna, the brain behind Dolly Khanna’s multibagger portfolio, said he was still waiting for the economic slowdown to subside. “Let consumption start increasing, then I will start investing. At this point, slowdown is a reality. I am waiting for data points to emerge. I am not guessing it. I am looking for growth right now. Nothing at this point looks attractive to me. It is still a wait-and-watch market for me,” Khanna told ETMarkets.com recently.
Ashish Kacholia’s stake in Birlasoft and GTPL Hathway fell below 1 per cent in September quarter. His holding in V2Retail fell to 2.48 per cent from 2.56 per cent. Meanwhile, he bought 2.01 per cent stake in Apollo Pipes. His holding in DCM Foods rose to 2.85 per cent from 2.23 per cent at the end of June.
For Anil Kumar Goel, there was no change in his holding in eight of his portfolio stocks, which have announced their quarter-end shareholding patterns so far.