Rakesh Jhunjhunwala’s assets decreased by more than ₹8,300 crore in the first quarter of FY23

Rakesh Jhunjhunwala is one of the biggest investors and promoters of the stock market. His investments are diversified which includes key segments such as Auto, Banking, Pharma, Financial, Gaming, Metals and Hotels. However, from record-high gains in Q4FY22, the ace investor has since reported a significant drop in his wealth due to market volatility. In the April-June 2022 quarter, Jhunjhunwala’s assets have declined by about 25%.

According to Trendline data, Jhunjhunwala’s portfolio assets have declined by at least 24.67 per cent. 25,425.88 crore in the June 2022 quarter as compared to the previous quarter.

From January to March 2022, Jhunjhunwala’s wealth reached a new high 33,753.92 crore.

That is, how much has Jhunjhuwala’s assets declined? 8,328.04 crore in the first quarter of FY23.

He publicly holds 33 stocks on the exchanges. Titan the value of his largest holding is 8,728.9 crore as of July 1, 2022. Meanwhile, he had a stake in Star Health and Allied Insurance 4,775.2 crore, thereafter 2,431.8 crore in Metro Brands, while it is 1,619.8 crore in Tata Motors and Rs. 1,315 crore in CRISIL. These are his top 5 stocks by value.

In stock-wise performance, during the first quarter of FY13, data showed that their losses in percentage terms were huge in DB Realty as the stock had fallen by over 49% in the last 3 months. Delta Corp and TV18 Broadcast stocks declined nearly 48%, while Indiabulls Real Estate declined nearly 45%. NALCO Dive nearly 44%, and Indiabulls Housing Finance slipped nearly 43%.

Meanwhile, stocks like Aptech, Dishman Carbogen, Star Health, Prakash Industries, Man Infra and SAIL fell between 31% and 40%.

Besides, stocks such as Rallis India, Wockhardt, Tata Communications, Orient Cement, Canara Bank, Titan, Nazar Tech and Geojit Financial Services fell 21-30%.

Stocks like Va Tech Wabag, Firstsource Solution, Anant Raj, Lupine, Jubilant Pharmova, Fortis Healthcare, VIP Industries, NCC, Escorts Kubota, Bilcare, The Mandhana Retail, Edelweiss Financial Services, GMR Infra, and MCX fell between 11-20. I %.

Shares such as Karur Vysya Bank, Tata Motors, Federal Bank, TARC, Indian Hotels, Jubilant Ingravia and Prozone Intu dived between 2-8%. Agro Tech Foods and Crisil were flat in the quarter.

On the profit side, during the quarter, his assets in Autoline Industries increased as the stock rose nearly 7%, followed by Prakash Pipes jumped over 4%, Ion Exchange climbed nearly 3%, and Metro Brands grew 2.5%.

Jhunjhunwala’s buy and sell in the above shares will be revealed soon as the listed companies announce their shareholding pattern for the quarter ended June 2022. It will be keenly watched whether Jhunjhunwala adds a new stock to his portfolio amid a deep bearish market tone.

On the market weekly outlook, Yasha Shah, Head of Equity Research, Samco Securities, said, “The market is expected to remain volatile due to the ongoing market events. On the macroeconomic front, investors will be watching the FOMC minutes to see where the economy is ahead. Also, global markets will be affected by China’s inflation data, which is due next week. Back home, the first quarter of fiscal year 23 earnings season will drive market sentiment and stock-specific actions. Investors caution Attention should be paid to management commentary and select solid fundamental companies to focus on the long-term picture.”

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