This Rakesh Jhunjhunwala stock clocks all-time low, plunges by 12%; Others didn’t see investors love as well, check list
Even ace investor Rakesh Jhunjhunwala’s portfolio has not seen much love from investors, especially one stock which even touched a new low today.
The Dalal Street has been crumbling in recent weeks, and today was no different as both Sensex and Nifty 50 extended their losses. However, at around 1332 hours, the Sensex was trading at 37,272.87 down by 17.80 points or 0.05%, while Nifty 50 was below 6.40 points or 0.06% trading at 11,272.50. It needs to be noted that, these benchmark indices were not alone who saw heavy selling pressure. Guess what! Even ace investor Rakesh Jhunjhunwala’s portfolio has not seen much love from investors, especially one stock which even touched a new low today.
On BSE, Jhunjhunwala’s one of the largest holding in percentage terms namely Aptech Ltd plunged to as much as 11.53% by touching a 52-week low of Rs 162.90 per piece so far in trading session. However, currently, Aptech is trading at Rs 166.50 per piece down by Rs 17.40 or 9.45%.
There are not much reason to why Aptech stock price tumbled to such an extent. It is only known that, Saurabh Gada, Chief Investor Relations Officer, of Aptech Limited met with Sunil Hirani, an individual investor on Tuesday.
In Aptech, Jhunjhunwala holds about 24.05% in the company with 9,593,840 equity shares worth Rs 176.53 crore.
Interestingly, Aptech was not alone in Jhunjhunwala’s portfolio to see heavy selling pressure.
Other stocks of Jhunjhunwala that slipped on BSE today were - Edelweiss Financial Services down by 4.65%, Jubilant Life Sciences Ltd by 2.68%, Lupin by 1.26%, Prozone Intu Properties by 2.09%, DB Realty by by 1.76%, Firstsource Solutions by 3.88%, Anant Raj by 2.52%, VIP Industries by 3.77%, Titan Company by 1.33%, Agro Tech Food by 1.22%, Geojit Financials Services by 1.34% and Escorts by 2.24%.
However, there is not much need to panic even if the market is very volatile. Jhunjhunwala is known for one thing - patience. In fact, he has mastered the word patience in stock markets. That is a virtue that everyone in stock markets needs plenty of, including you.
As Jhunjhunwala says in any market at any stage some stocks are going to underperform and some are going to outperform.