There is a lot of action in the actions associated with Rakesh Jhunjhunwala these days. Many giant stocks have fallen as much as 30%. There are reports that Big Bull has reduced its stake in some companies. Jhunjhunwala has sold a large stake in Delta Corp, Titan, Escorts, Lupin, SAIL, according to quarterly BSE filings. He also reduced his stake in Wockhardt and TV18.
What is Big Bull Jhunjhunwala’s strategy in the stock market these days, includes CNBC-Awaaz-‘s Yatin Mota-
Yatin Mota said that in view of the market situation, the famous investor Rakesh Jhunjhunwala, known as Indian Warne Buffett, has sold many shares in the Indian markets. Jhunjhunwala reduced his stake in the shares of TITAN, ESCORTS, LUPIN, DELTA CORP and SAIL.
Rakesh Jhunjhunwala has sold his 75 lakh shares in this stock. Jhunjhunwala cut his stake in the stock from 7.48% to 3.36%, according to quarterly BSE data.
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This part of Tata Group has been one of Rakesh Jhunjhunwala’s favourites. He has continued to invest in it in recent years. Now, according to data from BSE Quarterly Filings, Rakesh Jhunjhunwala has sold 44 lakh of shares in the company. It thus reduced its stake from 8% to 5.05%.
This seasoned investor also reduced his stake in this legendary auto stock. Jhunjhunwala cut his stake in the stock from 7.42% to 1.38%, according to quarterly BSE data.
Rakesh Jhunjhunwala has sold a stake in the shares of this pharmaceutical company. Now, according to data from BSE Quarterly Filings, Rakesh Jhunjhunwala has reduced his stake from 1.51% to 1%.
He also sold his shares in this PSU stock. According to BSE quarterly filings data, Jhunjhunwala reduced its stake in the stock from 1.8% to less than 1%.
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Apart from this, Rakesh Jhunjhunwala has also reduced his stake in these companies. He also reduced his stake in the shares of WOCKHARDT, APTECH, TV18.
At the same time, from January 2022 until now, there has been a significant decline in these stocks. LUPIN has seen a 37% decline so far this year. On the other hand, SAIL has slipped 36% so far. DELTA CORP saw a 32% decline. On the other hand, if we talk about TITAN, it has seen a 23% slippage so far. Auto stock ESCORTS is down 19% so far.
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