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    Rakesh Jhunjhunwala buys into TaMo, Damani hikes Spencer’s stake

    Synopsis

    Unperturbed by the slowdown in consumer space, investor Radhakishan Damani raised stake in Spencer’s Retail. Tata Motors, which surged 36 per cent in the September quarter, has emerged as a new investment of Rakesh Jhunjhunwala.

    Chennai-based investor Dolly Khanna emerged as a public shareholder in KCP and Heritage Foods while trimming stake in NOCIL.

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    Well-known investors on Dalal Street have loosened their purse strings in the September quarter amid the continued strength in the stock market. The benchmark Sensex rose 9 per cent in the three months ended September. Unperturbed by the slowdown in consumer space, investor Radhakishan Damani raised stake in Spencer’s Retail. Tata Motors, which surged 36 per cent in the September quarter, has emerged as a new investment of Rakesh Jhunjhunwala. Jhunjhunwala’s wife Rekha now holds 8 per cent in Va Tech Wabag after the company allotted 50 lakh shares to her on a preferential basis. Ashish Kacholia, known for his midcap and smallcap picks, bought 1.2-3.4 per cent stake in Mold-Tek Packaging, Neuland Laboratories, Marksans Pharma and Mastek in the September quarter. Exchanges disclose the public shareholder’s name when their stake crosses 1 per cent. The ace investors could be holding less than 1 per cent in these stocks earlier, or they could be fresh investments, too. Meanwhile, Anil Kumar Goel has ventured into the tea sector with a 1.3 per cent holding in Dhunseri Tea. Chennai-based investor Dolly Khanna emerged as a public shareholder in KCP and Heritage Foods while trimming stake in NOCIL.
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