Rakesh Jhunjhunwala rejigged his portfolio quite a bit in the January-March period of 2022 as he trimmed his stakes in many companies while he raised his holdings in some.
The latest being the PSU metal stock SAIL, as the Big Bull's name didn't appear in the shareholding pattern of the company as of March 31, 2022.
As of the December quarter, Rakesh Jhunjhunwala held a 1.09% stake, or 4,50,00,000 shares in the company. During the December quarter, Rakesh Jhunjhunwala cut down his stake in the company from 1.76% to 1.09%.
However, it is not clear if Jhunjhunwala has sold his entire stake in the company during the January-March period or if his stake has slipped below 1%.
On Wednesday, SAIL shares were down 1.83% in noon deals at 102.20 apiece on the NSE. The stock is down nearly 8% in the year-to-date period. After hitting a 52-week low in February this year, the stock has risen nearly 24%.
Jhunjhunwala invests in both his own name and his wife's, Rekha Jhunjhunwala. He is a qualified Chartered Accountant and manages the asset firm Rare Enterprises. His investments and portfolio are closely tracked by market participants.
Jhunjhunwala's investments and portfolio are closely tracked by market participants. Interestingly, Jhunjhunwala has also booked a profit in another auto stock, Escorts, during the March quarter.