Where Did Damani, Jhunjhunwalas Raise Their Stake In Sept Quarter?

Names like Damani, Juhunjhunwala and Kacholia are often watched in the stock market filings to know where these ace investors see potential.

Radhakishan Damani

On Monday, shares of Spencer's Retail jumped more than 6 percent after Radhakishan Damani raised his stake in the company. Damani, the billionaire investor who founded the DMart chain of supermarkets, has increased his stake in Spencers Retail to 2.20 percent in the quarter ended September 2020, as per the latest shareholding pattern released by the company.

At the end of the June quarter, Radhakishan Damani held 2.09 percent stake in the company. The veteran investor also manages his portfolio through his investment firm, Bright Star Investments Limited.

Spencer's retail pared some morning gains in the afternoon session.

Damani also holds over 1 percent stake in Andhra Paper and 19 percent stake in India Cements.

He has reportedly taught his stock trading techniques to fellow investor billionaire Rakesh Jhunjhunwala.

Rakesh Jhunjhunwala

Jhunjhunwala raised his stake in pharmaceutical firm Lupin to 1.51 percent in the September ended quarter as per the shareholding pattern data released by the company. In the June quarter, the ace investor held a 1.47 percent stake in Lupin.

He also raised his stake in auto major Tata Motors at the end of September quarter to 1.29 percent, as per the stock exchange information on the company that lists him as a non-institutional individual shareholder with over 1 percent stake.

Jhunjhunwala is known for being a key individual investor in other Tata Group companies such as Titan (4.43 percent stake), Indian Hotels and Rallis India, where his stake remains unchanged, as on 30 September.

His stake in Geojit Financial Services, Crisil, Firstsource Solution, Fortis Healthcare and Man Infra also remain constant.

Jhunjhunwala manages his own portfolio as a partner in his asset management firm, Rare Enterprises.

Rekha Jhunjhunwala

Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala raised her stake in NCC to 10.24 percent in September ended quarter where she bought an additional 42.25 lakh shares in the mid-cap firm. In June, her stake in the company was 9.55 percent.

She sold 50,000 shares in Titan Company Ltd, during the second quarter of FY21.

Other famous investors

Chennai-based Dolly Khanna, whose portfolio is managed by her husband Rajiv Khanna, hiked stakes in three companies Rain Industries, KCP and Heritage Foods in the September ended quarter.

Khanna raised stake in Rain Industries from 1.39 percent in June ended quarter to 1.67 percent in September. Meanwhile, she was not among key individual investors on KCP and Heritage Foods' public shareholding pattern for the June quarter.

Ashish Kacholia increased holdings in DFM Foods and HLE Glascoat. He holds over 1 percent stake in ADF Foods, Marksans Pharma and Mold-Tek Packaging. He also holds a significant number of shares in Shaily Engineering (7.21 percent), Vishnu Chemicals (4.93 percent), Acrysil (4.14 percent), Apollo Pipes (3.58 percent) and Birlasoft (2.35 percent).

Anil Kumar Goel increased his holdings by 28 basis points to 3.29 percent in Vardhman Holdings. Ador Fontech, Panama Petrochem, Austin Engineering, Vardhman Special Steels, TCPL Packaging, Uttam Sugar Mills, Dwarikesh Sugar and Sarla Performance Fibers are among his investments where stakes remain untouched.