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    These Jhunjhunwala stocks bleeding more than the market in this correction

    Synopsis

    Jhunjhunwala's biggest stock holding Titan Company has tanked 7 per cent during the period. The Big Bull holds over Rs 5,000 crore worth of shares in this Tata Group firm.

    Edelweiss Financial Services, a stock where Jhunjhunwala holds 1.19 per cent, has been falling continuously for past six days.

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    NEW DELHI: Six days of stock correction has hit not only small investors, even seasoned hands such as Rakesh Jhunjhunwala has taken a big knock.

    Some of the Big Bull’s portfolio stocks have plunged up to 24 per cent in this round. Sensex has slipped almost 6 per cent in this round of correction since September 16, and Nifty 5.7 per cent.

    Edelweiss Financial Services, a stock where Jhunjhunwala holds 1.19 per cent, has been falling continuously for past six days. On Thursday, this stock fell 4 per cent to hit a low of Rs 56.35, taking its total fall since September 16 close to 24.10 per cent.

    Dishman Carbogen Amcis, where Jhunjhunwala holds 3.18 per cent stake, is down 18 per cent. Jhunjhunwala entered the counter for the first time in the June quarter.

    Autoline Industries, another new stock in the ace investor’s portfolio with 6.48 per cent holding, is down 17 per cent. He entered the counter in the June quarter.

    Karur Vysya Bank has been one of Big Bull’s portfolio stocks for long has slumped for the eighth day on Thursday. The scrip is down 13.64 per cent at Rs 31.95 over September 14’s close of Rs 37.

    Among other Jhunjhunwala portfolio stocks, Prakash Industries, VIP Industries, GMR Infra, The Mandhana Retail, Ion Exchange, Indian Hotels and Federal Bank have all declined over 10 per cent in this fall.

    Jhunjhunwala's biggest stock holding Titan Company has tanked 7 per cent during the period. The Big Bull holds over Rs 5,000 crore worth of shares in this Tata Group firm.

    Among others, Escorts – where Jhunjhunwala owns about Rs 1,000 crore worth shares – is down 4.7 per cent. Crisil and Lupin, two other big holdings, have however, managed to restrict the losses at 3 per cent and 1.18 per cent, respectively.
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    7 Comments on this Story

    RajTill till24 days ago
    no gambler wins all the time unless game is rigged
    Bishan 32 days ago
    All these big bullies know market ahead of our knowing. Accordingly they make buy or sell trapping the small investors
    Abhijit Biswas32 days ago
    When sensex was rising and all economic forecast was negative, Jhunjhunwalla commented that all 'gloom & doom' is rater's fantasy - share market reacts on futuristic views - what is this guy saying now? With week-long sensex fall, Jhunjhunwalla must recongnize the fact that Modi govt has screwed the economy, instead of giving politicized comments.
    The Economic Times