Veteran investors bought shares heavily in the September quarter. This information has been obtained from the shareholding data of the companies. As of October 14, veteran investor Rakesh Jhunjhunwala increased his stake in pharma company Lupine from 1.47 per cent to 1.57 per cent.
Rakesh Jhunjhunwala did not change his investments in Rallis India, Geojit Financial Services, CRISIL, Firstsource Solutions, Fortis Healthcare and Maan Infra. However, his wife Rekha Jhunjhunwala sold 50,000 shares of Titan Company in the September quarter.
As of September 30, Rekha Rakesh Jhunjhunwala held 96,90,575 shares or 1.09 per cent stake in the Titan Company, as per data from BSE. The company held 97,40,575 shares or 1.10 per cent stake in the June quarter. However, Rakesh Jhunjhunwala’s share remained at 4.43 per cent.
The Tata Group company said that the company’s jewelery business is returning to normal in the second quarter. The company had a record net loss of Rs 297 crore in the June quarter due to Corona virus.
Titan Company said in the quarterly update, “With the phasing out of restrictions across the country, the company’s business is moving towards normalcy.” Brokerage firm ICICI Securities has reposed its trust on the stock with a target price of Rs 1,450.
Chennai-based investor Dolly Khanna increased her stake in three companies – Rain Industries, KCP and Heritage Foods. Dolly Khanna’s portfolio is managed by her husband Rajiv Khanna. In the September quarter, these stocks beat the Sensex by giving returns of 23 to 55 per cent.
As of September 30, Khanna had a 1.67 percent stake in Rain Industries, which was 1.39 percent at the end of the June quarter. On the other hand, his name was not included in the list of key shareholders of KCP and Heritage Foods.
Ashish Kacholia, a middle and small-cap player, increased his stake in DFM Foods and HLE Glasscoat. In addition, he bought more than one per cent stake in ADF Food, Marksons Pharma and Mold Tech.
However, he did not change his stake in Shelli Engineering (7.21 per cent), Vishnu Chemicals (4.93 per cent), Acrysil (4.14 per cent), Apollo Pipes (3.58 per cent) and Birlasoft (2.35 per cent).
Anil Kumar Golay, who is considered to be a fan of small and small companies, was one of the major shareholders of Dhunseri T and GK Consultants. He increased his investment in Vardhman Holdings by 28 basis points to 3.29 per cent, but reduced stakes in IG Petrochem and Tirumala Chemicals.
He did not change his stake in companies like Ador Fontech, Panama Petrochem, Austin Engineering, Vardhman Special Steel, TCPL Packaging, Uttam Sugar Mills, Dwarikesh Sugar, Sarla Performance Fibers.
Let us know that as the shareholding figures of the companies will be released, there may be a change in the list of buying and selling of all the major investors and changes in the stake.
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