The selling spree by superstar investors continues with multiple superstars reducing their stakes in various companies. Rakesh Jhunjhunwala’s portfolio sold a part of its stake in capital markets company Geojit Financial Services. His portfolio is currently handled by his wife Rekha Jhunjhunwala and RARE Enterprises.
RARE Enterprises, Kacholia reduce stake in multiple companies in Q4FY24
With these new changes, Jhunjhunwala’s portfolio publicly holds 26 stocks with a net worth of over Rs 48,772.8 crore. It sold a 0.9% stake and now holds a 7.3% in Geojit Financial Services. The capital markets company rose by 84.3% in the past year but underperformed its industry by 90 percentage points. It has a medium rank on Trendlyne’s checklist, scoring 34.8%. It has medium financial strength, with a Durability score of 55 and a moderately bullish Momentum score of 67.
During Q4FY24, RARE Enterprises reduced its stake in Nazara Technologies by 0.5%. It now holds an 8.5% stake in the internet software company. In the past year, the share price of Nazara Technologies rose only by 12.2% while its industry’s average rose by 131.9%.
The firm also sold a 0.3% stake in Karur Vysya Bank, bringing its holding to 4.3%. The bank ranks high on Trendlyne’s checklist, scoring 61.5%. It has high financial strength, with a Durability score of 65, and an affordable Valuation score of 69. RARE also cut a 0.2% stake in Wockhardt and now holds 1.9%.
New additions by superstars
In Q4FY24, Ashish Kacholia, who currently has 50 stocks in his portfolio, bought Walchandnagar Industries, purchasing a 3.2% stake in the industrial machinery company. The stock ranks medium on Trendlyne’s checklist, scoring 34.8%. During the same period, Vijay Kedia bought a 1% stake in Reliance Infrastructure. This electric utilities company ranks low on Trendlyne’s checklist with a score of 27.3%.
Kacholia, Kedia and Porinju add new stocks to their portfolio
Porinju Veliyath added Mitsu Chem Plast to his portfolio, buying a 1.7% stake in the containers and packaging company.
Recent stake changes by other superstars
Ashish Kacholia sold a 0.9% stake in Shankara Building Products in Q4FY24. He now holds a 1.1% stake in the iron and steel company. Its share price rose by 12.3% in the past year underperforming its industry by 58.4 percentage points. The ace investor also cut a 0.4% stake in Repro India taking his holdings down to 2.8% in the publishing company. Kacholia also reduced a 0.2% stake in each, Xpro India (containers and packaging company) and Ador Welding (industrial goods manufacturer).
Dolly Khanna sold a 1.1% stake in Pondy Oxides & Chemicals, and now holds a 1.3% stake. The non-ferrous metals company ranks high on Trendlyne’s checklist, scoring 61.1%. Its share price grew by 116% in the past year, outperforming its industry by 18.9 percentage points. The marquee investor also sold a 0.1% stake in Control Print. She now holds a 1.2% stake in the computer hardware company.
Porinju V Veliyath sold a 0.2% stake in RPSG Venture. He now holds a 1.4% stake in the IT consulting and software company.
