Staff Reporter | 17 Jul, 2023
Big Bull Rakesh Jhunjhunwala's net worth rose sequentially for each
quarter from Q4FY20 to Q3FY22, increasing approximately 4X during that
period. But after his passing, the net worth dropped for two consecutive
quarters from Rs 34,804 crore in Q3FY22, to Rs 25,397.5 crore in
Q1FY23, the media reported.
The portfolio has since then shown
some recovery as Indian markets rose. Jhunjhunwala's portfolio net worth
stood at Rs 31,988.1 crore in Q4FY23. The fall in net worth was driven
by declines in holding values, not stakes sales, Trendlyne reported.
The
provisional net worth for Q1FY24 stands at Rs 38,885.3 crore, up 21.6
per cent since the previous quarter, but shareholding filings for the
quarter are still pending, Trendlyne reported.
Despite a few
additions to the portfolio, including a small-cap and a mid-cap company,
Rare Enterprises has largely maintained the sector preferences
established by Rakesh Jhunjhunwala.
However, there are signs that
Rare Enterprises is more risk-averse compared to the renowned risk-taker
and finder of diamonds in the rough, Rakesh Jhunjhunwala.
Jhunjhunwala
owned the stock trading firm Rare Enterprises. Since his passing, his
portfolio has been managed by the Rare Enterprises team, headed by Utpal
Sheth and Amit Goela, Trendlyne reported.
The management team at Rare Enterprises made changes to the portfolio by adding new stocks and reducing stakes in others.
In
Q3FY23, Rare purchased a 0.9 per cent stake in Rallis India and Federal
Bank, taking the total stakes up to 10.3 per cent and 3.5 per cent,
respectively. It also bought 0.8 per cent and 0.6 per cent stakes in
Geojit Financial Services and Canara Bank during the same quarter. It
also increased its stakes in Tata Motors and NCC, Trendlyne reported.
Major
changes in terms of additions by Rare came in Q4FY23. The firm added
Raghav Productivity Enhancers Sun Pharma Advanced Research to the
portfolio. It bought 5.1% and 1.9 per cent stake in them respectively.
Rare
Enterprises' newly added stock rises by 12.2 per cent since the
addition. D B Realty, Man Infra, and Indian Hotels were the top three
performing companies in Q1FY23, with one-year price changes of 121.1 per
cent, 98.8 per cent and 59.7 per cent, respectively, Trendlyne
reported.
Currently, the best-performing stocks in the portfolio
are Karur Vysya Bank, Aptech and NCC, all showing a one-year price
change of above 100 per cent. Raghav Productivity Enhancers, which was
added by Rare, increased by 12.2 per cent since its addition in Q4FY23.
