When ace investors like Rakesh Jhunjhunwala make an investment, traders take notice. And if June quarter data is anything to go by, investors should not overlook small & midcaps.
Big bull Rakesh Jhunjhunwala and partner RARE Enterprises increased stake in eight small & midcap names in the June quarter and trimmed stake in two, data from AceEquity showed as of July 24.
Jhunjhunwala makes investments in Indian companies under the following names - Jhunjhunwala Rakesh Radheshyam, Jhunjhunwala Rekha Rakesh, Rakesh Jhunjhunwala (in a personal capacity), Rekha Rakesh Jhunjhunwala and RAKESH JHUNJHUNWALA (in the capacity as a partner of RARE Enterprises).
Small & midcap stocks outperformed benchmark indices by a wide margin in the June quarter. Sensex rallied by about 18 percent in the June quarter as compared to 28 percent rally in the BSE Smallcap index, and about 18 percent gain in the BSE Midcap index during the same period.
As of July 24, as many as 25 companies in Jhunjhunwala’s portfolio have released their shareholding data for the quarter ended June 30, 2020. Almost 50 percent of them are in the red year-to-date.
There are 7 stocks in which Rakesh Jhunjhunwala raised his stake on a quarter-on-quarter basis, and one firm stake increase by over 1 percent.
Dishman Carbogen Amcis Ltd., which has rallied more than 100 percent so far in the year 2020, provides drug development and commercialisation services to the pharmaceutical and biopharmaceutical industries.
Stocks in which Jhunjhunwala raised stake on a QoQ basis include Rallis India, which has rallied 76 percent so far in 2020, Jubilant Lifesciences (up 40%), and Firstsource Solutions (up 8%).
Table: Here is a list of 25 companies in Rakesh Jhunjhunwala's portfolio that have released shareholding data for the June quarter as of July 24, 2020. Please note that this may or may not be an exhaustive list of Rakesh Jhunjhunwala’s portfolio but only a list of companies in which he holds over 1% stake.
There are two companies in which Jhunjhunwala has pared the stake so far in the June quarter - Agro Tech Foods, and Lupin.
He held stake constant in 14 companies as of data collated on July 24 that include names like Autoline Industries, CRISIL, GMR Infrastructure, MCX, Titan Company, VIP Industries, GMR Infrastructure and Fortis Healthcare.
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