While markets struggled amid rising geopolitical tensions, rising inflation, rising commodity prices, a strong increase in appetite for heaven, a firmer dollar and a trajectory for monetary policy since late February, Jhunjhunwala’s portfolio showed achieved a strong growth. JhunjhunwalaThe portfolio grew by 38% on a quarter-on-quarter basis, while the profit was more than double on a year-on-year basis.
As per Trendline data, the net worth of Jhunjhunwala’s portfolio was 33,753.92 crore as on March 31, 2022, an increase of 38% 24,449.2 crores of the previous quarter. Meanwhile, net worth jumped a whopping 102% year-on-year. Jhunjhunwala’s portfolio was 16,727.16 crore as on March 31, 2021.
That said, Jhunjhunwala posted strong gains in the first three months of 2022, even when the broader market period was volatile.
Jhunjhunwala who is fondly called the “King of Bull Markets” or “Warren Buffet of India”, currently holds 37 stocks on Indian exchanges.
On the stock-wise breakup, his favorite stock of Titan is the biggest bull in his portfolio. Out of the net worth, what is his share in Titan 11,407.1 crore as per the latest figures.
Meanwhile, their stake in Star Health & Allied Insurance is second only to the tune of 7,483 crore, followed by Metro Brands 2,373.7 crore, on Tata Motors 1,731.5 crore, Crisil et 1,320.4 cr, and on escorts 1,086.7 crores.
Companies like Fortis Healthcare, Federal Bank, Canara Bank, Indian Hotels Company, Delta Corp, Nazar Technologies, Rallis India, SAIL, Jubilant Farmova, Tata Communications, Jubilant Ingravia, Aptech, Nalco and TV18 Broadcast are some of the other stocks. He keeps over-value in his portfolio 180 crores approx 910 crores.
Other stocks include Karur Vysya Bank, Agro Tech Foods, VA Tech Wabag, Geojit Financial Services, Dishman Carbogen, Edelweiss Financial Services, Indiabulls Housing Finance, Wockhardt, Anant Raj, Indiabulls Real Estate, DB Realty, Man Infrastructure, Orient Cement, Bilcare . Autoline Industries, and Prozone Intu Properties – with holdings worth more than 7 crore approx 175 crores.
Jhunjhunwala’s holdings are diversified across sectors such as real estate, pharma, banks, finance, construction, telecom, steel, auto & ancillary, cement, infrastructure, metals, hotels, hospitality, and media & entertainment.
The financial year FY23 has started on a positive note for the Indian markets.
On April 1, the BSE Sensex closed at 59,276.69, up 708.18 points or 1.21%. The Nifty 50 closed at 17,670.45, up 205.70 points or 1.18%. Both the benchmarks have gained 3-4 per cent this week.
Trendline data showed that Jhunjhunwala’s net worth increased on Friday 34,268.24 crore – up 1.5% on the first day of FY23 as compared to the previous month.
The prospects for Indian markets to remain resilient and remain uptrend remain a near-term prospect, despite uncertainties due to the Russia-Ukraine conflict and extremely high inflation.
On the broader market outlook, Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “As we begin the new financial year, the markets are in uncertain territory. The major headwind for equity markets globally is a drop in liquidity, There are persistently high inflation in the US, and an increasingly hawkish Fed. On the positive side, negative real returns from fixed income are prompting a growing swathe of retail investors to pour more money into equities. This strong new trend that is taking place in India Very unique, has the ability to keep the market resilient even in the midst of the uncertainty created by the Ukraine war.”
Vijayakumar said, “Prospects are looking good for financials, IT, telecom, capital goods and pharma for FY23. FMCG, cement and auto may face margin pressure. Crude at $104 is a short-term positive. It is,” said Vijayakumar.
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