Jhunjhunwala's portfolio bleeding! 24 stocks down up to 90% for 2019
Out of 30-odd stocks in Big Bull’s portfolio, 26 failed to beat Sensex return during the year. Among his portfolio stocks, DHFL tumbled 94 per cent, Mandhana Retail fell 68 per cent, DB Realty 67 per cent, Autoline Industries 58 per cent, Prakash ...
That’s not usual, as seven of every 10 stocks that traded on BSE fell 10 per cent during the year and eight of every 10 failed to generate any return.
NEW DELHI: Two dozen stocks that are part of ace investor Rakesh Jhunjhunwala’s portfolio fell up to 90 per cent in Calendar 2019 in line with the broader market, which saw most midcap and smallcap stocks bleed through the year.
Out of 30-odd stocks in the Big Bull’s portfolio, 26 failed to beat Sensex’s 13 per cent return during the year.
Among his portfolio stocks, DHFL tumbled 94 per cent, Mandhana Retail fell 68 per cent, DB Realty 67 per cent, Autoline Industries 58 per cent, Prakash Industries 50 per cent and Bilcare 48 per cent.
Among others, TV 18 Broadcast lost 41.67 per cent of its value during the year, Man InfraConstruction 39.04 per cent, NCC 38.87 per cent, Geojit Financial Services 38 per cent and Prozone Intu Properties 36.31 per cent.
That’s not usual, as seven of every 10 stocks that traded on BSE fell 10 per cent during the year and eight of every 10 failed to generate any return.
“This must be the darkest hour before dawn,” Jhunjhunwala told ETNOW in October this year.
ADVERTISEMENT
“The market always gives you an opportunity to buy stock before going up,” the Big Bull said, adding: “It is like the weather: you may not like it, but you will have to bear it.”
Other Jhunjhunwala stocks that are down over 10 per cent this year include Edelweiss Financial Services (down 36 per cent), Karur Vysya Bank (32 per cent), Jubilant Life Sciences (25 per cent), Aptech (19 per cent), VIP Industries (16 per cent), Delta Corp (16 per cent), Firstsource Solutions (16 per cent), Escorts (12 per cent), Anant Raj (11 per cent) and Lupin (10 per cent).
The BSE Smallcap index is down 10 per cent so far this calendar and the BSE Midcap index 3 per cent.
ADVERTISEMENT
"Impatience is the biggest mistake in business," Jhunjhunwala said in the October interview.
Also referred to as RJ, the partner of Rare Enterprises said as a private equity (PE) investor, he looks for five qualities in a company before investing — patience, technology, frugality, people and governance.
ADVERTISEMENT
Rakesh Jhunjhunwala's equity portfolio
1/10
Starting with just Rs 5,000 in his pocket in 1985, Rakesh Jhunjhunwala has scripted one of the biggest success stories on Dalal Street. According to Bloomberg Billionaire Index, Big Bull’s net worth stood at over $2.5 billion (Rs 17,500 crore) at the end of August, 2019.
Often referred to as India’s own Warren Buffett, the Big Bull owns more than 1 per cent in over 30 stocks, valued at over Rs 13,000 crore.
Let's take a look at the top 10 stocks of the ace investor:
Starting with just Rs 5,000 in his pocket in 1985, Rakesh Jhunjhunwala has scripted one of the biggest success stories on Dalal Street. According to Bloomberg Billionaire Index, Big Bull’s net worth ..
Read More
Jhunjhunwala held 7.05 per cent stake worth Rs 7,837 crore in Titan as of June end, 2019. The company’s stock is up 34.41 per cent year to date. The billionaire investor has been hit due to an industry-wide slowdown on account of financing issues and delayed payments for ongoing infrastructure projects.
Jhunjhunwala held 7.05 per cent stake worth Rs 7,837 crore in Titan as of June end, 2019. The company’s stock is up 34.41 per cent year to date. The billionaire investor has been hit due to an indust..
Read More
The drugmaker is another company where Jhunjhunwala has over 1 per cent stake (1.71%) as per June quarter shareholding data. The stock has slipped over 20.08 per cent year-to-date. The total holding value in Lupin is over Rs 520 crore.
The drugmaker is another company where Jhunjhunwala has over 1 per cent stake (1.71%) as per June quarter shareholding data. The stock has slipped over 20.08 per cent year-to-date. The total holding ..
Read More
Jhunjhunwala’s other significant stock is Crisil with 5.49 per cent stake worth Rs 516 crore. The stock of the rating agency is down over 19.7 per cent this year.
Jhunjhunwala’s other significant stock is Crisil with 5.49 per cent stake worth Rs 516 crore. The stock of the rating agency is down over 19.7 per cent this year.
Big Bull holds 2.93 per cent stake worth Rs 492 crore in the Kochi-headquartered lender. Federal Bank had reported 46 per cent jump in June quarter. However, shares of the private lender are down 9.5 per cent in 2019.
Big Bull holds 2.93 per cent stake worth Rs 492 crore in the Kochi-headquartered lender. Federal Bank had reported 46 per cent jump in June quarter. However, shares of the private lender are down 9.5..
Read More
The billionaire investor holds stake worth Rs 454.25 crore in the engineering company. Escorts had posted a fall in the June quarter profit. The stock has slipped over 16 per cent this year.
The billionaire investor holds stake worth Rs 454.25 crore in the engineering company. Escorts had posted a fall in the June quarter profit. The stock has slipped over 16 per cent this year.
The Big Bull holds 4.99 per cent stake worth Rs 322 crore in the manufacturer of luggage and travel accessories. The stock is down over 11.32 per cent year-to-date.
The Big Bull holds 4.99 per cent stake worth Rs 322 crore in the manufacturer of luggage and travel accessories. The stock is down over 11.32 per cent year-to-date.
Jhunjhunwala holds 9.86 per cent in the construction and engineering company worth Rs 293 crore. The firm had posted flat profit growth in the June quarter. The stock has plunged 44 per cent YTD.
Jhunjhunwala holds 9.86 per cent in the construction and engineering company worth Rs 293 crore. The firm had posted flat profit growth in the June quarter. The stock has plunged 44 per cent YTD.
Rallis India, a subsidiary of Tata Chemicals, is one of the leading crop care companies. Jhunjhunwala holds 9.25 per cent stake in the company worth Rs 293 crore. The stock has slipped over 9.79 per cent.
Rallis India, a subsidiary of Tata Chemicals, is one of the leading crop care companies. Jhunjhunwala holds 9.25 per cent stake in the company worth Rs 293 crore. The stock has slipped over 9.79 per ..
Read More
Jhunjhunwala holds 4.21 per cent stake in this private sector lender worth Rs 195 crore. The stock has plunged 35 per cent this year. The bank’s profit jumped 59 per cent to Rs 73 crore in the June quarter.
Jhunjhunwala holds 4.21 per cent stake in this private sector lender worth Rs 195 crore. The stock has plunged 35 per cent this year. The bank’s profit jumped 59 per cent to Rs 73 crore in the June q..
Even amid this depression, a handful of Jhunjhunwala stocks did deliver handsome gains. For instance, Ion Exchange rose 97.30 per cent, MCX 51.38 per cent and SpiceJet 16.64 per cent.
Also, his biggest stock holding, Titan, did not disappoint. The stock that accounts for roughly half the value of Jhunjhunwala’s known portfolio, rose 27.5 per cent for the year.
