Rakesh Jhunjhunwala enters 5 new stocks in December quarter:
Rakesh Jhunjhunwala: The ace investor and big bull of the Indian stock market Rakesh Jhunjhunwala announced his portfolio. The wealth of his portfolio raised almost 28.50% from the September-December quarter by almost Rs. 16,600.00 crores. But, the benchmark Nifty rose almost 35% during the December quarter.
Meanwhile, the ace investor made some adjustments in his portfolio during the December quarter. In his portfolio, he added five new stocks in the quarter ended on December 31st, 2020. The new stocks include Tata Communications, Indiabulls Real Estate, Wockhardt, Tata Motors DVR, and Anant Raj Global.
Whereas he bought almost 1.12% stakes in Tata Communications, 1.10% in Indiabulls Real Estate, 2.26% in Wockhardt, 1.97% in Tata Motors, and 3.39% in Real-estate company Anant Raj Global respectively.
After the budget 2021-22, the ace investor gave 10/10 ratings to the Nirmala Sitharaman’s Budget FY22. The Budget looks growth-oriented and it is laying the ground for India to get to double-digit growth in coming years, said Jhunjhunwala.
“The Budget gave much more than we expect. However, it has to be a realistic Budget for a resurgent and rejuvenated India. The Indian government is bold in this Union Budget by increasing the deficit towards growth. While the fiscal deficit of India will be around 6-6.50% in the financial year 2021-22. The tax collection will be much better than expected. In my point of view, our country will overtake China in the next 25 years,” he added.
Moreover, the ace investor also raised his stakes in five companies that include NCC, Jubilant FoodWorks, Indian Hotels Company, Fortis Healthcare, and Lupin during the December quarter. On the other side, he reduced the stakes in many stocks during the quarter that includes Escorts, Firstsource Solutions, Federal Bank, Titan Company, and Rallis India.
While the ace investors also reduced a lot of multi-bagger stocks by booking profits and took fresh positions in the companies like Tata Communications. Rakesh Jhunjhunwala has a unique style of trading by selling multi-bagger stocks when the market trade high and adds them back at the lower levels.
Besides, the ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala owned 40 listed stocks in their portfolio at the end of December 2020, of which, the shareholding pattern of Karur Vysya Bank is yet to be released.
Stock Market on February 19th:
On Friday, both Sensex and Nifty continue their bearish trend in the stock market from the last three sessions of the market. The Sensex is trading below 50,900 levels and nifty trading below 15,000 levels in the stock market. The Sensex lost 434.93 points with a 0.85% decrease and reached 50,889.76 levels. While the nifty lost 137.20 points with a 0.91% decrease and reached 14,981.75 levels.
On the other side, the number of coronavirus cases in India on Friday, February 19th reached 1,09,63,394 with almost 1,56,111 deaths.
In the border markets, the S&P BSE SmallCap index reported a bearish trend in the stock market on Friday. It lost 153.02 points with a 0.76% decrease and reached 19,863.41 levels. But, the S&P BSE MidCap lost 340.12 points with a 1.67% decrease and reached a 20,035.52 level. While the Nifty Bank lost 745.40 points with a 2.04% decrease and reached 35,841.60 level.
Top Gainers on February 19th: UPL, IndusInd Bank, GAIL India, HUL, and Dr. Reddy’s Laboratories are the top gainers in today’s stock market.
Top Losers on February 19th: ONGC, Tata Steel, SBI, Hero Motocorp, and Tata Motors are the top losers in today’s stock market.