By Suhas ReddyMany investors closely track portfolios of ace investors to know which stocks these superstarsare bullish and bearish on in the market. We looked at the stocks superstar investors bought in Q4FY22 here.
Now, we check the stocks superstar investors like Rakesh Jhunjhunwala, Sunil Singhania, Dolly Khanna, and Ashish Kacholia, among others, sold during Q4FY22.
Rakesh Jhunjhunwala reduced his stake in multiple companies
Rakesh Jhunjhunwala’s biggest stake cut was in the auto sector. He reduced his stake in the tractor manufacturing company Escortsto below 1% from 5.2%. The stock fell 14.8% from the beginning of 2022 till April 28. This could be attributed to sluggish rural demand, as Escorts tractor wholesale sales fell 32.8% YoY to 21,895 units in Q4FY22.
The ace investor also sold a 0.2% stake in Wockhardtbringing his holding to 2.1%. This stock has tanked 26.5% in 2022, as of April 28.
Jhunjhunwala also cut his stake in the state-owned steel maker SAIL(Steel Authority of India) to below 1% from 1.09% in Q3FY22. The stock is down 11.2% from the beginning of 2022 till April 28, 2022. It rose 24% after hitting a 52-week low in February but then gave up some of its gains.
Jhunjhunwala also reduced his stake in Aptechby 0.1% to 23.4%, in TV18 Broadcastby 0.3% to 1.2% and in Indian Hotels Companyby 0.1% to 2.1%. He also pared his holdings in Titan Company, Crisil, and Delta Corp, bringing his share in these companies down to 5.1%, 5.5% and 7.5%, respectively.
Sunil Singhania’s Abakkus Fund sold small stakes in multiple companies
Sunil Singhania’s Abakkus Fund sold a 0.2% stake in plastic products company Surya Roshniin Q4FY22, bringing the fund’s holding down to 1.2%. In Q4FY22, the company’s stock price fell by 29.1%. The fund also sold a 0.2% stake in HSIL, bringing down the holding in the company to 1.9%.
In Q4FY22, Singhania’s fund reduced its stake in Jindal Stainless (Hisar) by 0.1% to 3.8% and in Paras Defence and Space Technologiesby 0.1% to 1.3%. He also sold 0.1% stake in ADF Foodsand Saregama Indiabringing the fund’s holding down to 1.6% and 1.4% respectively, in these companies.
Ashish Kacholia sold stake in Mahindra Logistics, now holds below 1%
Ashish Kacholiabought a 1.1% stake in Mahindra Logistics in Q3FY22, but in Q4FY22 he sold part of his holding and now owns less than 1% of the company. The company’s stock price saw a huge dip in Q4FY22, falling as much as 40.8% since January, but recouped some of the losses since then.
Kacholia also sold his stake in Poly Medicure and now holds below 1% stake in the company. This company’s stock price fell 16% from the start of January to February end.
The marquee investor also sold a 0.6% stake in Vishnu Chemicals. He reduced his holdings in small quantities in companies like Somany Home Innovationto 1.3%, Mold-Tek Packaging to 3.1%, and ADF Foodsto 1.1%.
Dolly Khanna reduces stakes in textile, auto ancillary and cement companies
Dolly Khannasold a 0.6% stake in Talbros Automotive Componentsbringing her holding down to 1.1%. This could indicate that she expects that the semiconductor shortage and high metal prices will continue to hamper the auto industry.
The ace investor also sold a 0.2% stake in the cement and construction company KCP, bringing her stake down to 3.7% and reduced her stakes in cement and infrastructure companies like Rain Industries,NCL Industries,and Tinna Rubber & Infrastructure, cutting each stake by 0.1%.
She also pared her stake in textile manufacturer Deepak Spinnersto 1.4%, and in Monte Carlo Fashionto below 1%.
Vijay Kedia didn’t make major changes to his portfolio in Q4FY22
Vijay Kediasold a 0.3% stake in the IT software and consulting company Ramco Systems in Q4FY22 bringing his stake down to 2.4%. Ramco Systems reported losses in three consecutive quarters since Q1FY22. The losses stood at Rs 6.1 crore in Q1FY22, Rs 17.2 crore in Q2FY22, and Rs 11.1 crore in Q3FY22. He also sold a minor portion of his stake in Tejas Networksand now holds 3.4%.
Porinju V Veliyath reduces his stakes in paints and consumer appliances
Porinju V Veliyathsold a 0.7% stake in decorative paints and industrial coatings maker Shalimar Paints, bringing his holding down to 1.6% at the end of Q4FY22. This can be because oil & gas prices are expected to remain high due to geopolitical tensions, which will lead to higher input costs for paint makers. The marquee investor cut his stake in Somany Home Innovationto below 1% from 1.6%. The company sells consumer appliances under the brand name ‘Hindware’, ‘Moonbow’ and furniture under the brand name ‘Evok’.
Radhakishan Damani sold a minor stake in Metropolis Healthcare & Blue Dart
Radhakishan Damani sold a minor stake in stocks like Metropolis Healthcare and Blue Dart Express bringing his holding down to 1.1% and 1.4%, respectively, in these companies. Metropolis Healthcare’s stock price fell 40.8% in Q4FY22.
