Rakesh Jhunjhunwala is again in the discussion about overhauling his portfolio.
Rakesh Jhunjhunwala, a veteran investor identified as Big Bull in Dalal Steeet, reduced his stake in 5 companies apart from Tata Communications (Tata Comm) and Titan during the January-March 2021 quarter is. He has sold stakes in some companies as per the Profit Booking strategy.
New Delhi. Rakesh Jhunjhunwala, known as ‘Big Bull’ among investors due to his long experience in stock markets and accurate estimates, reduced his stake in more than half a dozen companies during January-March 2021. Has given According to AceEquity data, they reduced their stake in 7 stocks in the March 2021 quarter. Let us know that a large number of retail investors keep an eye on every step of Rakesh Jhunjhunwala. He has expertise in choosing multibagger stocks. He has reduced his stake in 3 companies in the March 2021 quarter. At the same time, it has reduced its stake in 4 companies to less than 1 percent during this period. Rakesh Jhunjhunwala has reduced his stake in these companies Rakesh Jhunjhunwala invests in Indian companies under the names Jhunjhunwala Rakesh Radheshyam, Jhunjhunwala Rekha Rakesh, Rakesh Jhunjhunwala and Rekha Rakesh Jhunjhunwala. After touching a record high in February, the second wave of Kovid-19 has started in the stock market. The companies in which Rakesh has reduced stake are associated with travel, IT, real estate and infrastructure sector. Rakesh Jhunjhunwala has been joined by Tata Communications, Titan Industries and VIP Industries. While on the other hand, he has named Indiabulls Real Estate, Ion Exchange (ION Exchange), Firstsource Solutions and GMR. Has reduced the shareholding in GMR Infra to less than 1 per cent. Corona kills! Pandemic pushed 23 crore people into poverty in India, conditions worsened by the second waveSome companies have reduced their shareholding as part of the profit booking strategy Rakesh Jhunjhunwala has sold stakes in some companies as part of the profit-booking strategy during the March quarter. Actually, the negative impact of the second wave of Kovid-19 can be seen on some sectors. However, this trend can be for short term. Once the corona is controlled, these sectors may again gain momentum. He said in April that the second wave of Corona would not be a problem for a very long period. Once the vaccination picks up, the problems associated with it will start to reduce and the market will also recover. FII has increased its stake in Tata Communications from 17.6 per cent in December to 24.4 per cent in the March quarter.