Benchmark indices move in different directions during the quarter. The Nifty and Nifty Midcap 150 index rose around 6% between October and December, while the Nifty Smallcap 250 index declined 0.05% during the same period.
Portfolio values are calculated for stocks where these investors own more than 1% equity in companies during the quarter. Nimish Shah’s portfolio grew by 10.1% in the December quarter.
InstitutionsHe increased his holdings in LMW, Asahi India Glass, and Vascon Engineers, while reducing stakes in Elgi Equipment, Banari Amman Sugars, and Zodiac Clotting Company.
Ashish Kachulia and Mukul Aggarwal’s holdings gained 7.6% and 5.7% respectively. Kachulia raised his stake in 10 stocks, including Shelly Engineering Plastics, Knowledge Marine & Engineering Works, Google Prepaid, Beta Medicines, and Carisel.
Agarwal increased its holdings in 23 stocks and decreased exposure in 36 during the quarter. Newland Laboratories, Radico Khaitan, and Zota Healthcare were the top holdings in his portfolio. Titan, Inventurus Knowledge, and Metro Brands were the top listed securities in late Rakesh Jhunjhunwala’s portfolio.
His family’s holdings grew 2.4% in the quarter. The Jonjunwala family reduced exposure to 16 stocks, including Metro Brands, Concorde Biotech, Fortis Healthcare, Tata Motors PV, Cresyl, NCC, Jubilant Pharma, and Indian Hotels. Among the decliners, Ashish Dhawan’s portfolio fell 19.1%, while Hemendra Kothari’s fell nearly 14% in the December quarter.
