Kacholia on the other hand appears to have capitalised on the buy-on-dips opportunity. While its returns in 2024, so far have been negative 21%, on an annual basis they stand at 75%.
Ace investor has trimmed her stake in midcap counter by 8 bps in the June ended quarter at 5.36% from 5.44% in the March quarter. Meanwhile, has raised his holding in Brand Concepts by 6 bps to 1.62% in the June quarter versus 1.56% in the previous three-month period.Jhunjhunwala’s stake cut in CRISIL comes on the back of a lackluster show by the counter. In the last one year, it has returned 13% underperforming Nifty whose returns are to the tune of 25% in the said period. On a year-to-date basis, have returned less than 1%.
Kacholia on the other hand appears to have capitalised on the buy-on-dips opportunity. While its returns in 2024, so far have been negative 21%, on an annual basis they stand at 75%.
CRISIL shares are currently trading below their 200-day simple moving average (SMA) of Rs 4,330 while above their 50-day SMA of Rs 4,246. Today, the stock was trading at Rs 4,303.10 on the BSE, down by Rs 54.45 or 1.25% over the last closing price.
Brand Concepts shares were also down by Rs 9.45 or 1.53% around 1:20 pm and were trading at Rs 606.25. This stock is trading below its 50-day and 200-day SMAs of Rs 675 and Rs 683.
Jhunjhunwala also cut her stake in one smallcap counter in the said quarter. Her holding as of this date stood at 4.98%, down by 8 bps from 5.06% in the previous quarter.
The stock has rallied 70% in the last 12 months and its returns in 2024, so far stand at 19%. The outperformance over Nifty is more than two-fold over a 1-year period.
According to the latest corporate shareholdings compiled by Trendlyne, Jhunjhunwala publicly holds 25 stocks with a net worth of over Rs 40,101.3 crore while Kacholia has stakes in 46 stocks with a net worth of over Rs 3,210.1 crore.
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Source: Stocks-Markets-Economic Times