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Jhunjhunwala, Dolly Khanna, Porinju, Kedia sold these stocks in 2018; do you still hold them?

Jhunjhunwala offloaded around 1.20 crore shares in his favourite bet Titan last year.

Updated: Feb 07, 2019, 03.29 PM IST
Well-known Dalal Street investors Rakesh Jhunjhunwala, Anil Kumar Goel, Dolly Khanna, Vijay Kedia, Porinju Veliyath and Ashish Kacholia are known for their high conviction ideas.

However, the market really tested their patience for much of last year, and some of them either exited certain stocks or offloaded substantial shares from their portfolios amid heavy selling in the midcap and smallcap segments.

Jhunjhunwala, known for creating tremendous wealth from equities, offloaded around 1.20 crore shares in his favourite bet Titan last year. His stake in the company fell to 7.08 per cent as on December 31, 2018 from 8.45 per cent as on December 31, 2017. He also sold shares in Lupin, NCC, Prozone Intu Properties and Rallis India last year.

The 30-share BSE Sensex rose 6 per cent to 36,068 in 2018, while the 50-share Nifty gained 3 per cent to 10,863. The BSE Smallcap and Midcap indices cracked 24 per cent and 13 per cent, respectively.

Anil Kumar Goel sold shares in Cosmo Films, Majestic Auto, Panama Petrochem and Vardhman Special Steels. He also completely or partially reduced stake in LG Balakrishnan & Brothers, Punjab Alkalies & Chemicals and Shilp Gravures as his name was not among the key shareholders of these company as of December 31, 2018.

Ashish Kacholia’s name did not figure among key shareholders of many companies such as APL Apollo Tubes, Aptech, Bodal Chemicals, Ester Industries, GTPL Hathway, Shreyas Shipping & Logistics, SP Apparel and Vadilal Industries, where he had been holding up to 4.50 per cent stake as of December 2017.

He also halved his holdings in KEI Industries to 1.80 per cent as of December 2018 from 3.20 per cent last year and sold 2 lakh shares in Parag Milk Food, 5 lakh in Pokarna and 1.50 lakh in Time Technoplast during the year gone by.

Chennai-based investors Dolly Khanna, who is known for picking smallcaps, sold his stakes in Butterfly Gandhimathi Appliances, Dwarikesh Sugar Industries, Emkay Global Financial Services, Gujarat Narmada Valley Fertilizers, Manappuram Finance, Nandan Denim, PPAP Automotive, RSWM, Ruchira Papers and Srikalahasthi Pipes.

Khanna, whose portfolio is managed entirely by her husband Rajiv Khanna, has been investing in equity market since 1996.

Porinju Veliyath, who was busy writing letters to his investors during the selloff in second-rung stocks in 2018, offloaded shares in ABC India, BCL Industries, Duroply Industries, IZMO, JITF Infralogistics and Parnax Labs. His portfolio management firm Equity Intelligence completely or partially reduced stakes in Cimmco, Liberty Shoes, Palred Technologies and Vista Pharmaceuticals last year.

Vijay Kedia, another value investor, also reduced his stake in many companies during the year gone by. He cut his holding in Sudarshan Chemical Industries to 2.90 per cent as of December 31 2018 from 3.30 per cent as of December 31, 2017 and reduced stake partially or completely in ABC Bearings, Apar Industries, Aries Agro, TCPL Packaging and The Karnataka Bank.

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