BIG BULL RAKESH JHUNIJHUNWALA TRIMS STAKE IN TOP 10 STOCKS, ADDS ONE NAME TO PORTFOLIO: FIND OUT DEATAILS
the recent rally in metals, real estate and media stocks had led to some overvaluation, feel experts. sectors like metals might remain under pressure for the near term due to global constrains . Renowned investor and ‘big bull' Rakesh Jhunjhunwala churned in his stock portfolio during the quarter ended June 2022, and partially or completely exited from 10 stocks, while adding one name. The ace investor marked a re-entry into a stock he had exited during January – March period, as he bought 1.4 per cent stake in farm equipment / industrial auto major, Escorts Kubota Ltd. At the end of December 2021, Jhunjhunwala's holding was at 5.4 per cent of total shareholding of the company. Now, the total value of his stake in the company stands at ~Rs 300 crore. With the correction in metals and crude prices, experts believe that the demand for farm equipment should rise, with a good monsoon boosting tractor sales. “India has so far received good rainfall this time and demand pickup was s...