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Rakesh Jhunjhunwala is not busy with stock picking but is also booking profits at record high levels. According to the shareholding pattern released by Multi Commodity Exchange of India (MCX) for the July-September period, Jhunjhunwala’s name does not appear in the list of shareholders holding more than 1% stake in the company. Which means he either sold part or entire stake in the company. Jhunjhunwala held 25,00,000 shares or 4.90 percent stake in the commodity exchange as of June 2021 quarter.
Besides MCX, the investor also sold a stake in Lupin during the quarter ended September as his name did not appear in Lupin’s shareholding pattern. In June 2021, shareholding pattern he held 72,45,605 shares or a 1.6 percent stake in the company.
Diversified portfolio
Fortis Healthcare’s is another stock in which he has pared his stake. His stake as of September 2021 stood at 4.23 percent compared to 4.31 percent in the June 2021 quarter.
That apart, the veteran investor sold a 5.35 percent stake in retail company Mandhana Retail Ventures as his shareholding came down from 12.74 percent in June quarter to 7.39 percent in the quarter ended in September 2021.
Realty firm TARC is another company in which the marquee investor reduced his stake by 1.8 percent. Jhunjhunwala’s holding in the company has come down to 1.59 percent from 3.39 percent in the June 2021 quarter.
Jhunjhunwala, is also known as Warren Buffet of India, whose portfolio is closely tracked by the market participants.