Investors Mohnish Pabrai and Rakesh Jhunjhunwala have cut stake in Edelweiss Financial Services. Jhunjhunwala's reduction is marginal, bringing it down 0.03% to a stake of 1.04% worth approximately Rs. 105 crore. Pabrai has made a deeper cut in the investment via the Pabrai Investment Fund, cutting it by 0.24% to 1.12% stake.
Jhunjhunwala has increased his stake in his favorite stock Titan. Titan's share price has struggled in recent months with revisions downward in guidance amid weak consumer demand, and Jhunjhunwala seems to have taken this opportunity to up his stake in Titan by approximately 0.2% to 6.69%. worth over Rs. 7,000 crore.