Rakesh Jhunjhunwala, who is fondly known as the ‘Warren Buffett’ of India, has increased his stake in integrated global pharmaceutical company Jubilant Pharmaova to a certain point. Also, the shareholding of his wife Rekha Jhunjhunwala in the company has increased by a fraction.
big bull of Dalal StreetRakesh manages the portfolios of his and wife Rekha.
The fourth quarter of FY12 has been a busy period for Jhunjhunwala, who has posted significant gains in his portfolio. The investor has also reshuffled his portfolio.
So far, Jubilant Farmova remains their biggest investment in Q4FY22. Several companies in his portfolio are yet to record their shareholding pattern for the March 2022 quarter.
As per the shareholding pattern, Rakesh increased his stake in Jubilant Farmova to 57.5 lakh equity shares or 3.61% during Q4FY22. This is higher than the 50.2 lakh equity shares or 3.15% held in the company during Q3FY22.
Meanwhile, Rekha’s holding has also jumped by 50.20 lakh equity shares or 3.15% in the company during Q4FY22 as compared to 5 lakh equity shares or 3.14% in Q3FY22.
Together, the couple’s stake in Jubilant Farmova has grown by 0.47% in Q4FY22.
The investor bought more shares in Jubilant Farmova despite the company’s sharp recovery in a year so far. This shows that Jhunjhunwala is optimistic about the jubilant Firmova going ahead.
Shares of Jubilant Farmova closed on Tuesday 461.75 flat as compared to previous close on BSE. At the latest stock price, the company’s market stood at approximately 7,355 crore.
Shares of Jubilant Farmova have fallen nearly 21 per cent in 2022 so far. Meanwhile, taking into account Tuesday’s closing price, the shares are down nearly 40% in a year. shares were around 770 each on April 19 last year.
According to Trendline data, Jhunjhunwala’s stake in Jubilant Farmova is as of April 19, which is worth 498 crores.
Rakesh has increased his stake in Canara Bank by 0.36% in Q4FY22. While he dropped some shares in stocks like Wockhardt, Aptech, Titan Company, Escorts and Delta Corp.
During Q4FY22, Jhunjhunwala’s portfolio grew by 38% 33,753.92 crore as compared to 24,449.2 crore in Q3FY22. On a year-on-year basis, his portfolio has registered a growth of 102%.