Rekha Jhunjhunwala, Mukul Agrawal score in Q1, while Madhusudan Kela, Vijay Kedia’s portfolios take a hit
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The net worths of some of India’s wealthiest individual investors jumped in the June quarter as the stock market rebound helped portfolios recover from sharp cuts in January-March.
The holdings of investors, including the Late Rakesh Jhunjhunwala’s family, Mukul Agrawal, Hemendra Kothari, Nemish Shah and Anil Goel gained between 12% and 42%, while the value of the portfolios of Madhusudan Kela and Vijay Kedia fell as they trimmed exposure to some stocks, according to a study based on data from primeinfobase.com.
Agencies
Portfolio values were calculated for their holdings that exceeded 1% of equity in the companies. A stake falling below 1% does not necessarily mean an exit; it simply drops off the list of mandatory public shareholder disclosures.
Between March and June, Nifty gained 8.5% while Nifty mid-cap 150 and small-cap 250 indices were up 15% and 17.8%, respectively. Some investors shuffl ed their holdings during the quarter.
For instance, Mukul Agrawal increased stakes in six stocks, including Wendt (India), Tatva Chintan Pharma, and Jammu & Kashmir Bank. He pared his holdings in Zota Health, Infobeans Tech, Tracxn Tech and Sula Vineyards.
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The Jhunjhunwala family cut exposure to Nazara Tech, while Madhusudan Kela reduced his stakes in Choice International, Indostar Capital Fin, Nazara Tech, Waaree Energies, Samhi Hotels, Prataap Snacks
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