How Rakesh Jhunjhunwala, Rajiv Khanna And Nemish Shah Fared In FY17
The Nifty 50 Index rose 18 percent in the year ended March that saw multiple surprises – Brexit, Donald Trump's win in the U.S. and Prime Minister Narendra Modi's demonetisation move. Top picks by three of Dalal Street's most-watched investors gave up to four-fold average returns compared to the benchmark.
Here are the top five stocks in the portfolios of Rakesh Jhunjhunwala, Rajiv Khanna and Nemish Shah…
Rakesh Jhunjhunwala: Lupin Gives Negative Returns
Called India's Warren Buffet, billionaire Rakesh Jhunjhunwala's investments are keenly watched. In a portfolio of 32 securities, the top five holdings aggregating Rs 6,216 crore gave average returns of 77 percent. These investments spanned across diversified sectors including auto, pharmaceuticals and construction, among others.
The worst performing stock among his top five holdings was Lupin Ltd., which fetched negative returns. Jhunjhunwala holds a 1.73 percent stake valued at Rs 1,126 crore in the pharmaceutical company. Tractor maker Escorts Ltd. was the best performer. Jhunjhunwala holds a 9.16 percent stake in the company, which fetched a whopping 286.48 percent return for the financial year ended March 2017.
Rajiv Khanna: Nocil, Manappuram Drive Gains
Chennai-based Rajiv Khanna, who invests in the name of his wife Dolly, has a portfolio of 19 securities, according to data compiled by Ace Equity. The top five holdings are worth Rs 248.3 crore, spanning sectors like plastic products, textiles, speciality chemicals and iron and steel products. These gave an average 78 percent returns in 2016-17. The chunk of the money has been invested in non-banking finance company Manappuram Finance Ltd. Nocil Ltd., a chemicals producer, was the best performer in his portfolio with more than 100 percent returns.
Nemish Shah: Tube Investments Steals The Show
ENAM co-founder Nemish Shah's top five holdings are worth Rs 850.42 crore. Shah, who usually invests through Gagandeep Credit Capital and ENAM Securities, holds Rs 276 crore worth of shares in steel products maker Tube Investment of India Ltd., his biggest bet among the top five stocks. However, his best performing pick was Asahi India Glass Ltd. which helped him notch an average return of 46.82 percent in the last financial year.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
