Articles by Sinchana MS

The Baseline    
05 Nov 2021, 04:30PM
What Superstars bought in Q2FY22
By Sinchana MS

Investors usually track the portfolios of large investors, or Superstars, to take cues on stocks that might do well in the future. So, the changes in their portfolios are keenly followed. We take a look at the stocks in which superstars bought or added to their portfolios in Q2FY22.

Superstar buysRakesh Jhunjhunwala buys stake in NALCO and Canara Bank

Rakesh Jhunjhunwala, the ‘Big Bull’, bought 1.1% stake in Indiabulls Real Estate and 1.36% stake in National Aluminium Company. Shares of NALCO surged nearly 7% after he added this state-owned miner to his portfolio. This is his second bet on a commodity company after he added SAIL to his portfolio in Q1FY22.

He also bought a 1.6% stake in Canara Bank. The state-owned bank reported a three-fold rise in its net profits at Rs 1,333 crore as its net NPAs fell 3.21% YoY to Rs 20,862 crore in Q2FY22 results. This bank declared positive results in the previous quarters and the ace investor seems bullish on this stock.

Ashish Kacholia on buying spree in Q2

Ashish Kacholia bought a 2.8% stake at Faze Three. The shares of the company rose 44% within two sessions after Kacholia bought its shares.

Kacholia seems to have focused on small and mid cap companies in Q2FY22, as he bought a 1.55% stake in Somany Home Innovation. This company primarily focuses on consumer appliances. The two other stocks he added to his portfolio are Gateway Distriparks and Xpro India. He bought a stake of 1.54% and 2.52% in the two companies, respectively. Gateway Distriparks reported 41% jump in net profits to Rs 48 crore in their Q2FY22 results and Xpro India gave a high 19-fold year-to-date returns to its investors. Xpro India focuses mainly on polymer processing.

Porinju V Veliyath adds Kerala Ayurvedic to his portfolio

Porinju Veliyath made few bets in Q2FY22. He bought a 2.1% stake in McDowell Holdings, a 1.3% stake in Cupid, and a 1.12% stake in Swelect Energy systems. Swelect Energy system makes solar power systems. 

Porinju also bought a 1.3% stake in Kerala Ayurveda. The company primarily engages in wellness, hospitals, products and services in India and the US. This business also has its own manufacturing and R&D centres.

Sunil Singhania’s Abakkus buys newly listed companies in Q2

Sunil Singhania’s Abakkus Fund added a 2.5% stake in the newly-listed Paras Defence and Space Technologies. The company’s stock hit the upper circuit limit after its debut on October 1.

Singhania added two new companies to Abakkus’ portfolio in Q2FY22. He added a 1.23% stake in PSP Projects and a 8.2% stake in Rajshree Polypack. PSP Projects is a construction company that is mainly engaged in designing, planning and post construction activities. Rajshree Polypack makes rigid plastic packaging products. The company aims to co-develop products and focus on material that have higher margins, and expand their customers in the US and UK.

Vijay Kedia buys two small cap companies in Q2FY22

Vijay Kedia bought a 15.25% stake in Affordable Robotic & Automation in Q2FY22, which designs automation systems for manufacturers across sectors. The company’s stock price has surged more than 50% year-to-date.

The investor also added two other small cap companies in his portfolio. These were a 10.7% stake in Innovators Facade Systems and he also raised his stake in Ramco Systems to 2.56% from 1.81%. Ramco System’s stock has dipped by 25% in 2021. It appears Kedia is bullish on this stock. 

Dolly Khanna’s portfolio saw no major changes in Q2FY22

Ace investor Dolly Khanna increased her stake in Nitin Spinners to 1.64% from 1.24% in Q1FY22. This stock gave a 3X return in the last one year. She also bought a 1.1% stake in New Delhi Television in Q2FY22. There were no massive changes in her portfolio in Q2.

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10 Nov 2021