Dalal Street 'Bull' Rakesh Jhunjhunwala's wealth drops by this much in Q4FY19 due to these stocks

Even though big bull Rakesh Jhunjhunwala’s most of the favorite stocks surged between January-March 2019 period, yet his overall wealth did lose couple of crores in the period. According to TrendLyne.com data who records real time performance of Jhunjhunwala’s portfolio, showed that, the Dalal Street king’s net worth dropped by 1% in Q4FY19, to Rs 13,301.43 crore. This is compared to Rs 13,505.6 crore witnessed in previous quarter. In Q3FY19, the growth grew by 24%. Such plunge in Jhunjhunwala’s wealth is due to list of stocks where he holds helfty shares, performing worst on stock exchanges.

It needs to be noted that, the current negative trend in Jhunjhunwala’s wealth, comes after  when he lost massively in Q2FY19 where markets on bearish note and major companies did see massive price correction. Infact, Jhunjhunwala’s wealth tumbled to Rs 10,869.07 crore in Q2FY19, from previous Rs 12,333.86 crore in Q2FY19. However, the quantum of loss in Q4FY19 is still minimal compared to previous quarter. 

During Q4FY19, as per the data, the losers list in Jhunjhunwala’s portfolio was led by DB Realty plunging by massively 38.5%. The company was joined by DHFL which slipped by 32%, Autoline Industries down by 24%, Bilcare below over 17% and Karur Vysya Bank & The Mandhana Retail Ventures seeing drop of over 15% each as well. 

(Image source: TrendLyne.com)

Other stocks that plunged were - Crisil, VIP Industries, Geojit Financial Services, TV18 Broadcast, Geojit Financial Services, Rallis India, Agro Tech Foods, Aptech, Lupin, Anant Raj and Fortis Healthcare in the range of 2% to over 11%. 

On the other hand, stocks which rose in Jhunjhunwala’s portfolio during Q4FY19 were - Prozone Intu, Man Infraconstruction, Firstsource Solution, Delta Corp, Federal Bank, Edelweiss Financial Services, Escorts, MCX, ION Exchange and Prakash Industries rising between 1% to over 9%. 

Among the best performers list was led by none other than Titan Company which accounts for nearly half of Jhunjhunwala’s wealth. Titan surged by over 19%, followed by NCC up 18.76%, SpiceJet up 13.91% and Orient Cement up 11.87%. 

Notably, Jubilant Life Science performance was merely muted in this quarter.