Rakesh Jhunjhunwala cut holding in 6 stocks till June; This is where he invested

Among many quotes of ace investor Rakesh Jhunjhunwala regarding trading in stock markets would be, “Anticipate trend and benefit from it. Traders should go against human nature.” Considering Jhunjhunwala’s recent investment trends, looks like this quote fits him best. Jhunjhunwala who has been unofficially anointed as the 'king of Dalal Street', has always been firm on his word when he says stock will go up and down but grabbing opportunities is what matters most. Six months of 2018 have passed and surprisingly, Jhunjhunwala has removed just a fraction of money from his top holdings while adding them to other stocks. 

Jhunjhunwala 58, is said to be one of the most successful equity investors in India, as he has turned his investment of just $100, when he began trading, into a massive $2.9 billion.

A total of 29 companies have Jhunjhunwala’s love, when it comes to investment, however, this year six companies saw some reduction while four companies witnessed an increase in holdings. 

As on June 2018, Jhunjhunwala reduced his holding by 1.4% in his favorite stock Titan Limited. He now holds about 7.06% in this company with total 62,751,220 shares worth Rs 5,553.48 crore. His previous holding in Titan was up to 8.46%. 

(Image source: Trendlyne)

Next big reduction Jhunjhunwala made was in Dewan Housing Finance where he has sold about 0.43% of his holding in the company. Now, Jhunjhunwala holds 2.76% from previous 3.19. With this gradual reduction in Dewan, Jhunjhunwala’s holding now stands at 8,665,264 shares worth Rs 535.86 crore. 

While a 0.07% and 0.04% was removed from Federal Bank and Escorts in first half of 2018. In Federal Bank, Jhunjhunwala now holds about 1.72% with 33,459,207 equity shares worth Rs 302.97 crore. 

Meanwhile in Escorts, his holding stands till 8.12% with 9,957,632 shares having value of Rs 919.9 crore. 

Further, 0.1% each was brought down by Jhunjhunwala in Crisil and Edelweiss Financial Services. Now in Crisil, the man who is referred as Warren Buffett of India, holds 5.52% with 3,965,000 equity shares worth Rs 717.27 crore. 

Whereas in Edelweiss his holding has come down to 1.08% with 10,000,000 shares valuing at Rs 299.55 crore. Jhunjhunwala’s lowest holding is in Edelweiss among the 29 stocks. 

With this, Jhunjhunwala reduced overall about 1.96% of his holding till June 2018. 

While the above mentioned companies saw reduction in holdings, Jhunjhunwala took the opportunity in increasing holdings in four of his stocks. 

About 1.78% was increased in these four stocks, under which Jhunjhunwala invested highest in Karur Vysya Bank. He increased his holding by 0.86% in Karur to 4.22%, now having 30,712,288 shares worth Rs 300.67 crore. 

Surprisingly, second highest investment was made in debt-laden Jaiprakash Associates where Jhunjhunwala added another 0.83% in the company. He currently holds 2.06% with 50,000,000 shares worth Rs 75 crore in Jaiprakash. 

A marginal increase of 0.06% was seen in NCC, where Jhunjhunwala now holds 9.50% with 57,055,932 equity shares worth Rs 534.61 crore. 

Lastly, Jhunjhunwala saw opportunity in pharma major Lupin, where he has increased his holding by 0.03% to 1.95% with 8,798,605 shares worth Rs 719.02 crore. 

Jhunjhunwala’s top holdings is still in Titan, followed by companies like NCC, Escorts, Dewan Housing, Lupin, Crisil and Delta Corp.