Business

Stock Funda: Which stocks did veteran investors buy in the September quarter?

Highlights:

  • Rakesh Jhunjhunwala has invested in bank, metal and real estate stocks along with increasing his stake in his favorite Titan Company.
  • Dolly Khanna added NDTV and Anil Goyal added Semtex’s stock portfolio.
  • In the third phase, Ashish Kacholia was the biggest buy, while Mukul Agarwal paved the way for buying new shares.

Mumbai: Well-known investors on Dalal Street bought a lot of shares in the September quarter as the stock market continued to rally during that period.

Investor Rakesh Jhunjhunwala increased his stake in his favorite Titan Company by 0.1 per cent, adding banks, metals and real estate companies to his portfolio.

Jhunjhunwala’s name was among the public shareholders of Canara Bank, Nalco and Indiabulls Real Estate. He bought 1.1 to 1.6 per cent of the shares at the end of the September quarter. If the holding is 1 percent or more, the investor’s name appears on the list of public shareholders. It is not yet known what he will do after leaving office. Notably, Jhunjhunwala has reduced his stake in Mandha Retail.

Chennai-based Dolly Khanna was seen with a 1.1 per cent stake in NDTV’s public shareholders.

Textile Manufacturing was one of the top buyers of Phase III investor Ashish Kacholia, who is known for his mid and small cap picks. His new holdings include Phase III and Xpro India, of which he holds 2.8 per cent and 2.5 per cent, respectively.

Most of these purchases have been made by investor Mukul Aggarwal. His name appeared in the list of public shareholders of Paras Defence, MTAR Technology, Ritual Specialty Food, Thomas Cook, Allcargo Logistics, Jet Freight Logistics, Radico Khaitan, Zota Healthcare and Goldium International. He holds 1.1 to 6.5 per cent stake in these companies.

Anil Kumar Goel on September 30 bought a 6 per cent stake in Semtex Fashions and raised a 3.3 per cent stake in Nahar Spinning.

Leaving the ‘book’, a ‘teacher’ holding the ‘bread’ became a ‘cook’

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