As markets struggled between escalating geopolitical tensions, rising inflation, rising commodity prices, a sharp rise in haven appetite, a firm dollar, and a path of tightening monetary policy since late February, Jhunjhunwala’s portfolio gained a strong rebound. JhunjhunwalaThe portfolio has increased by a whopping 38% on a quarterly basis, while profits more than doubled on a year over year basis.
According to Trendlyne data, Jhunjhunwala’s portfolio net worth stood at $Rs 33,753.92 crore as of March 31, 2022, increasing by 38% from $Rs 24,449.2 crore from the previous quarter. Meanwhile, net worth increased 102% year over year. Jhunjhunwala’s portfolio stood at $Rs 16,727.16 crore as of March 31, 2021.
That said, Jhunjhunwala posted strong gains in the first three months of 2022, even as the broader markets timeframe was volatile.
Jhunjhunwala, who is known as the “King of the Bull Market” or “Warren Buffet of India”, owns 37 shares on Indian stocks today.
As for the stock breakout, Titan, his favorite stock, is the biggest bull in his portfolio. Of the total net worth, his stake in Titan amounts to $11,407.1 crore according to the latest data.
Meanwhile, his share of Star Health and Allied Insurance is the second highest after $7,483 crores, followed by Metro Brands at $2,373.7 crore, Tata Motors in $1,731.5 crore, Crisil in $1,320.4 crores, and Escorts at $1,086.7 crores.
Companies like Fortis Healthcare, Federal Bank, Canara Bank, Indian Hotels Company, Delta Corp, Nazara Technologies, Rallis India, SAIL, Jubilant Pharmova, Tata Communications, Jubilant Ingrevia, Aptech, NALCO and TV18 Broadcast are some of the other stocks it has in your portfolio valuing from more $180 million rupees to almost $910 million rupees.
Other stocks are Karur Vysya Bank, Agro Tech Foods, Va Tech Wabag, Geojit Financial Services, Dishman Carbogen, Edelweiss Financial Services, Indiabulls Housing Finance, Wockhardt, Anant Raj, Indiabulls Real Estate, DB Realty, Man Infraconstruction, Orient Cement, Bilcare, Autoline Industries and Prozone Intu Properties, with holdings valued at more than $7 crore to almost $175 million rupees.
Jhunjhunwala’s holdings are diversified in sectors such as real estate, pharmacy, banking, finance, construction, telecommunications, steel, automobiles and accessories, cement, infrastructure, metals, hotels, hospitality, and media and entertainment, among others.
The FY23 fiscal year has started on a positive note for the Indian markets.
On April 1, BSE Sensex closed at 59,276.69, up 708.18 points or 1.21%. Nifty 50 was 17,670.45 205.70 points higher or 1.18%. Both benchmarks have made 3-4% gains this week.
On Friday, data from Trendlyne showed that Jhunjhunwala’s net worth rose to $Rs 34,268.24 crore – an increase of more than 1.5% on the first day of FY23 compared to the previous month.
The potential to stay flexible and stick to the upside remains a near-term possibility for Indian markets despite uncertainties fueled by the Russia-Ukraine conflict and stubbornly higher inflation.
Turning to the broader outlook for the markets, Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said: “As we enter the new financial year, markets are in uncertain territory. Globally, the main headwinds for equity markets are dwindling liquidity, persistently high inflation in the US, and an increasingly hawkish Fed On the upside, negative real fixed income yields are boosting the growing tribe of retail investors to pour more money into stocks. This strong new trend, which is very conspicuous in India, has the potential to keep the markets resilient even amid the uncertainty caused by the Ukraine war.”
“For FY23, the outlook for financials, IT, telecoms, capital goods and pharmaceuticals looks good. FMCG, cement and autos are likely to face margin pressure. Crude to $ 104 is positive in the short term,” added Vijayakumar.
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