Rakesh Jhunjhunwala portfolio: Many retail investors search expert investors’ portfolios for bargain options. They contrast recent sessions’ returns from the major benchmark indexes with the performance of respective equities.
Looking into Rakesh Jhunjhunwala portfolio may be helpful for these small-scale Indian stock market investors. In the past month, a sizable number of Rakesh Jhunjhunwala equities have produced alpha returns.
Here are 5 Rakesh Jhunjhunwala stocks that have generated returns of up to 23% during the past month:
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1] Federal Bank:
Rakesh Jhunjhunwala portfolio: The share price of Federal Bank saw a severe sell-off and retraced by 25% by mid-May 2022 after reaching its 52-week high in April 2022.
The banking stock, however, has rallied quickly and reached a new 52-week high of 109.45 per share after the release of good Q1FY23 earnings, making up for all the losses it had sustained during the consolidation period.
It has increased by over 23% during the course of the past month, from levels around 89 to 107.50.
2] Escorts Kubota:
Rakesh Jhunjhunwala portfolio: During the April to June 2022 quarter, Rakesh Jhunjhunwala added this vehicle company to his portfolio.
This tractor manufacturer’s stock saw a significant uptrend over the previous year, lasting until November 2021. However, it began to trade flat after December 2021 and stayed sideways until the first week of April 2022.
This Rakesh Jhunjhunwala stock stayed in a sell-off fever from April until June’s conclusion. However, Escorts Kubota shares have dramatically recovered in July 2022, returning over 147% to stockholders in the previous month.
3] Tata Motors:
Rakesh Jhunjhunwala portfolio: Rakesh Jhunjhunwala’s performance during the previous 12 months was up till the first two weeks of October 2021.
The share price of Tata Motors began to trade flat in the second fortnight of October 2021 and remained range-bound until February 2022.
The Tata Motors stock remained in base construction mode from March to mid-June 2022. However, it has increased by 15% during the course of the past month.
4] Star Health:
Rakesh Jhunjhunwala portfolio: Up until the first week of July 2022, this insurance stock was trading “sideways to negative” after being listed on Indian bourses. However, this Rakesh Jhunjhunwala has delivered close to a 12% return over the last month in the past two weeks.
5] Titan Firm:
Rakesh Jhunjhunwala portfolio: From mid-October 2021 until the end of March 2022, shares of this Tata group company traded sideways.
It began to correct in the final week of March 2022 and continued to decline until the end of June 2022. However, since July 2022, this Rakesh Jhunjhunwala stock has been rising, giving its stockholders a return of 12.50%.
Since both the Nifty and the Sensex have returned about 7.50% in the past month, all of these equities have produced alpha returns.
In this time, the BSE mid-cap index has returned 11.90%, while the BSE small-cap index has increased by almost 12%.
Rakesh Jhunjhunwala portfolio
The share price of Federal Bank has just reached the psychological milestone of 100 after plummeting to its 52-week low in May 2022.
A bit of stock market news, however, is available for investors who follow Rakesh Jhunjhunwala’s portfolio in search of a value selection. This banking stock has shown a breakout on a closing basis above levels of 107 per share.
Currently in a “uptrend,” the share price of Federal Bank may increase to $144,000 in the ensuing six to nine months.
Positional investors were encouraged to purchase Federal Bank equities at the current price and continue to build positions until they reached levels over $100 per share.
Federal Bank shares are what Ravi Singh, CEO of GCL Securities, refers to as “portfolio stocks,” “The Covid challenge was effectively met by Federal Bank, and it is now a profitable bank with an enhanced net profit of more than 63%.
This resulted from a reduction in provisioning, although NIM is likely to benefit the bank in an environment of rising interest rates. The bank is now a portfolio stock with a target price of 144 per share that one may keep for 6 to 9 months.”
Shares held by Rakesh Jhunjhunwala in Federal Bank
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala are listed as owners of Federal Bank shares for the quarter from April to June 2022.
Together, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala own 2,10,000 shares in the bank, or 1.01 percent of it.
Rakesh Jhunjhunwala does, however, personally own 5,47,21,060 Federal Bank shares, or 2.64 percent of the bank. Thus, the Jhunjhunwala couple collectively own 3.65% of this south Indian bank.