Rakesh Jhunjhunwala and RK Damani top 5 shares: Ace investors led firms have maximum exposure in these companies — Check details
Rakesh Jhunjhunwala and RK Damani have their firms floated in the names of Rakesh Jhunjhunwala & Associates and R K Damani & Associates.
Ace investors Rakesh Jhunjhunwala and RK Damani need no mention when it comes to investing in domestic equity markets. The two bigwigs are followed by one and all interested in the capital market. The two celebrity investors always make news when they take a fresh position in scrip or exit a counter.
Their decision, also to a great extent, decide which way stock swings, depending on how these investors position themselves in a counter.
Rakesh Jhunjhunwala and RK Damani have their firms floated in the names of Rakesh Jhunjhunwala & Associates and R K Damani & Associates. These portfolios are often referred to as a guide by investors while taking the position in the share market.
The 'Big Bull' of the Indian stock market, under his firm, holds top 5 positions in Aptech Ltd, NCC Limited, The Mandhana Retail Ventures Ltd, Nazara Technologies Limited and Rallis India Limited, as per Stock Edge, an equity markets analytics and research platform, primarily based on the NSE and BSE data.
Of these, the firm has taken a fresh position in NCC Ltd in the September quarter. This is a substantial position taken by the Indian billionaire investor and his firm as a total of 78,333266 shares were bought by the company worth a 12.84% stake in NCC Limited. Rakesh Jhunjhunwala & Associates has maximum exposure in Aptech Ltd with a 45.09% stake in the vocational skill training company.
Besides, the 'Warren Buffet of India' also has major holdings in The Mandhana Retail Ventures Ltd (12.74%), Nazara Technologies Limited (10.82%) and Rallis India Limited (9.93%).
R K Damani & Associates has a majority stake in Avenue Supermarts Limited, a one-stop supermarket chain founded by Radhakishan Damani. The firm floated by the Indian billionaire and the investor has a whooping majority of 75% stake in the company. The firm holds a massive 4,85,755,156 shares of Avenue Supermarts.
Besides, Damani and his firm has taken a fresh position in two companies—VST Industries Limited and Advani Hotels & Resorts (India) Ltd— in the September quarter. Damani has taken a stake worth 1.63% comprising 2,51,484 shares in an individual capacity in VST Industries.
Furthermore, besides Avenue Supermarts, R K Damani & Associates has maximum exposure in VST Industries Limited (32.26%), India Cements Ltd (12.68%), Advani Hotels & Resorts (India) Ltd (4.18%) and Aptech Ltd (3.8%), showed Stock Edge data.
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(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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