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Rakesh Jhunjhunwala's smart moves

Source : BUSINESS_STANDARD
Last Updated: Mon, Oct 15, 2012 19:30 hrs
Investor Rakesh Jhunjhunwala poses for a picture in his office in Mumbai

It would perhaps be a "rare" occasion if ace equity investor Rakesh Jhunjhunwala, also considered by many as India's big bull, misses any good investment opportunity.

In his latest move, Rakesh Jhunjhunwala, through his asset management firm RARE Enterprises, bought more than one million shares of the Mumbai-based real estate firm, DB Realty, via an open-market transaction.

According to bulk data available with the stock exchanges, RARE Enterprises purchased 1.25 million shares of DB Realty at an average price of Rs 90.21 apiece on Friday. This values the transaction at Rs 11.27 crore and sent the stock soaring over five per cent to Rs 98.8 on the National Stock Exchange on Monday.



TOP HOLDINGS
Company Shares (in mn) Holding (%)
A2Z Maintenance 14.77 19.92
Geometric 9.39 14.95
Viceroy Hotels 5.71 13.46
Rallis India 17.61 9.05
Aptech 4.32 8.85
Geojit BNP 18.00 7.88
CRISIL 5.40 7.70
Titan Inds. 66.43 7.48
Bilcare 1.74 7.37
V I P Inds. 10.08 7.13
Source: BS Research Bureau

Stock strategy
Jhunjhunwala, who is also the chairman of Aptech Ltd, invests in a company based on its business model, growth potential and the potential for longevity. Among his top buys is A2Z Maintenance in which RARE Enterprises, holds 19.92 per cent stake, data suggests. According to (BSE) bulk deal data, Jhunjhunwala bought 12.2 million shares in the company on May 22, 2012 at an average price of Rs 100 per share.

Geometric (14.95 per cent), Viceroy Hotels (13.46 per cent stake), Rallis India (9.05 per cent stake) and Titan Industries (7.48 per cent stake) are some of his other prominent holdings.


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