The year 2022 has been a mixed one for veteran investor Rakesh Jhunjhunwala. So far this year, 8 out of Jhunjhunwala’s top 10 portfolio stocks have given negative returns. Out of these, 4 stocks have managed to beat the decline of about 4.5 per cent in the Bombay Stock Exchange (BSE) index Sensex. This has been said in a report by Economic Times. Jhunjhunwala holds more than 1 per cent stake in at least 3 dozen stocks.
Metro brands up more than 25% so far this year
Out of 5 big bets of Rakesh Jhunjhunwala in stocks, 2 (Star Health and Metro Brands) got listed in the December quarter of 2021. Metro brands have grown by over 25 per cent so far this year. At the same time, Star Health has declined by more than 21 percent so far this year. As of December 31, 2021, Rekha Jhunjhunwala’s wife Rekha Jhunjhunwala holds 14.43 per cent stake in Metro Brands. At the same time, both have 17.5 percent stake in Star Health.
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Titan up 2.5 percent so far this year
Titan Company, which is also known as Big Bull in the market, included in the portfolio of Rakesh Jhunjhunwala, has gained 2.5 percent so far this year. Jhunjhunwala and his wife hold 5.09 per cent stake in Titan Company. This figure is as of 31 December 2021 quarter. The stake is valued at around Rs 11,700 crore as of Wednesday’s price. Tata Motors, part of Jhunjhunwala’s portfolio, has declined 14.7 per cent so far this year. At the same time, Escorts shares have fallen about 4 percent so far.
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Shares of Nazara Technologies fall over 26 per cent
According to the Economic Times report, the shares of Crisil included in Rakesh Jhunjhunwala’s portfolio have fallen by 1.45 per cent so far this year. On the other hand, Fortis Healthcare shares fell 18.66 per cent. Shares of Federal Bank have gained 12.7 per cent so far this year and shares of Canara Bank have gained up to 9 per cent. Shares of Nazara Technologies have lost up to 26.4 per cent so far this year.