Indian equities posted losses in the quarter ended March as volatility spiked amid the Russia-Ukraine crisis, crude surge, inflation pressures and foreign selloff.
The Nifty 50 and Sensex lost about 1% each in the three-month period. The broader counterparts Nifty Midcap 150 and Smallcap 250, too, declined 4.64% and 5.3%, respectively.
Some of the veteran investors used this opportunity to buy or pare holdings in certain stocks.
Here’s what Rakesh and Rekha Jhunjhunwala, Radhakishan Damani, Ashish Kacholia, Vijay Kedia and Dolly Khanna bought and sold in the January-March period.
Rakesh And Rekha Jhunjhunwala
The billionaire investor and his family raised holdings in three companies, and pared in seven including his favourite jewellery maker Titan Co.
They raised stake by the most in Jubilant Pharmova Ltd., followed by Canara Bank. For the quarter, the veteran investor held the largest stake in vocational training services provider Aptech Ltd.
The couple cut the stake by most in TV18 Broadcast Ltd.
They either exited or pared stakes below 1% in two companies—tractor maker Escorts Ltd. and Steel Authority of India Ltd.
Radhakishan Damani
The billionaire owner and promoter of Avenue Supermarts Ltd.—the operator of DMart supermarket chain—increased his stake in Charminar cigarette maker VST Industries Ltd., and in United Breweries Ltd.
He pared stake in Metropolis Healthcare Ltd. and Blue Dart Express Ltd.
Ashish Kacholia
Kacholia, who usually bets on small caps, was listed among large shareholders in four companies, suggesting that either these were new buys or he raised the stake above 1%, mandating disclosures by companies.
The investor increased exposure in nine companies. He pared holdings in five firms, and either exited or cut stake below 1% in two.
Dolly Khanna
Chennai-based Rajiv Khanna, who invests in the name of his wife Dolly, either bought or raised stake above 1% in six companies.
The investor raised holdings in 12 companies—the most in Prakash Pipes Ltd., followed by kitchenware maker Butterfly Gandhimathi Appliances Ltd.
Khanna pared exposure in six companies, and either cut stake below 1% or exited apparel retailer Monte Carlo Fashions Ltd.
Vijay Kedia
Kedia owned the largest stake among his investments in Affordable Robotic & Automation Ltd. The assembly line to automatic car parking solutions provider listed him among shareholders holding with 1%. His name was also listed among large shareholders in Cera Sanitaryware Ltd.
Kedia pared his stake the most in enterprise software company Ramco Systems Ltd. He increased exposure to two companies during the quarter.
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