Interestingly, in the quarter of March 2021, Rakesh Jhunjhunwala reduced his stocks stake in Titan. In the fourth quarter of FY21 the investor sold 22.50 lakh shares of the company.
Rakesh Jhunjhunwala, a stock veteran, increased his stakes in last quarter stocks such as MCX, Fortis Healthcare, and Agrotech Foods. Interestingly, in the quarter of March 2021 he reduced his stake in Titan. In the fourth quarter of FY21, the ace investor sold 22,50 lakh shares of the company.
Everything you need to know is here.
Exchange of multi commodities or MCX
MCX is one of its portfolio shares in which the veteran market increased its stake during the quarter of March 2021. According to the MCX shareholding pattern, Jhunjhunwala raised its stake by 1%. In March 2021, ‘Big Bull’ held a 4,90% stake in MCX compared with a 3,92% stake in December 2020.
Healthcare Fortis
In accordance with BSE’s shareholder pattern, Jhunjhunwala held 3,25,50,000 shares or 4.31 percent of the Fortis Healthcare shares in the quarter of March. Rakesh Jhunjhunwala together with his wife Rekha Jhunjhunwala held 3.97% of the shares in the company at the end of December, of which Rekha Jhunjhunewala held 2,18% (1,64,50,000 shares) while Rakesh Jhunjhunwala owned 1,79%. (1,35,50,000 shares).
Fortis Healthcare’s shares rose 36% to BSE during the quarter of March. The stock ended in green and today grew 2.42% to Rs 209.85 for BSE.
Agricultural Foods
In the quarter of March, Rekha Jhunjhunwala increased its stake in Agro Tech Foods from 3.28 percent in the December quarter to 3.49 percent (8,49,559 equity shares) (7,99,559 equity shares). The inventory gained 16% in the last six months and 84% in the last 12 months.