Rakesh Jhunjhunwala’s worst performing shares; Huge Bull misplaced Rs 303 crore in these shares
Plenty of the shares the place Rakesh Jhunjhunwala holds a major stake have doubled in worth, whereas many have outperformed the benchmark indices considerably.
Ace investor Rakesh Jhunjhunwala has been among the many prime traders to trip the bull markets of 2020 and improve in wealth manifold. Plenty of the shares the place Rakesh Jhunjhunwala holds a major stake have doubled in worth, whereas many have outperformed the benchmark indices considerably. Nevertheless, there are some sections of his portfolio that haven’t been that convincing this 12 months. Typically referred to as the Huge Bull of Dalal Avenue, Rakesh Jhunjhunwala is understood for recognizing multibaggers, however evidently a few of his bets can miss the mark as properly. Listed here are among the laggards of 2020 that Rakesh Jhunjhunwala holds.
Delta Corp: Rakesh Jhunjhunwala holds 2 crore fairness shares of the agency for the reason that finish of the third quarter of the earlier fiscal 12 months. The Mumbai primarily based gaming and hospitality agency owns varied casinos throughout the nation. 2020 has been a tough patch for the agency. Within the second quarter of this fiscal 12 months, Delta Corp reported a consolidated web lack of Rs 54 crore as income fell 80%. Shares of the agency have additionally confronted the identical destiny, within the final one 12 months shares of Delta Corp have plummeted 26.22%. Delta Corp has not recovered from the March sell-off and shares are at their lowest since 2017. For the reason that finish of final 12 months, Rakesh Jhunjhunwala’s portfolio has misplaced Rs 86 crore in Delta Corp.
VIP Industries: Indian largest baggage producer has been troubled with a pointy discount in travels undertaken by individuals throughout a pandemic stricken world. Rakesh Jhunjhunwala held 72.15 lakh shares of the agency on the finish of December final 12 months. Based on inventory trade information, the Huge Bull now owns 75 lakh shares of the agency on the finish of the earlier quarter. Up to now one 12 months the inventory worth has dropped 14.25%. The autumn in inventory worth would roughly imply that the billionaire investor has misplaced Rs 36.4 crore of his wealth in VIP Industries for the reason that finish of the earlier 12 months. Nevertheless, brokerage and analysis agency Prabhudas Lilladher sees restoration within the agency’s enterprise which has been helped by value discount.
Federal Financial institution: The personal sector lender can also be one among Rakesh Jhunjhunwala’s holdings that didn’t shine in 2020. On the finish of final 12 months, the Huge Bull held 5.68 crore shares of the financial institution, this has been trimmed barely to five.32 crore on the finish of September this 12 months. Between the top of final 12 months and yesterday, the inventory has tumbled 22.33%, now buying and selling at ranges final seen in 2016. The lender has resulted in a dent value Rs 147 crore in Rakesh Jhunjhunwala’s portfolio. In October this 12 months, international brokerage agency Julius Baer pinned a ‘Purchase’ score on the inventory.
Karur Vysya Financial institution: The south India primarily based lender fell to nearly its lowest in a decade throughout the pandemic aided March sell-off. Rakesh Jhunjhunwala owned 3.35 crore shares of the financial institution on the finish of December final 12 months. Throughout 2020 he elevated his stake to three.59 crore shares on the finish of September. Nevertheless, the share has seen a pointy upward pattern within the final one week, it’s nonetheless down 21% year-to-date. Karur Vysya Financial institution has resulted in a lack of Rs 34 crore for Rakesh Jhunjhunwala for the reason that finish of final 12 months.