Top individual investors see mixed fortunes in December quarter

India’s top individual investors saw mixed fortunes in the December quarter, with some portfolios gaining, while others lost value as the stock market turned higher in rollercoaster trading during the period. Listed holdings of investors including Ashish Dhawan, Hemendra Kothari, Vijay Kedia, Madhusudan Kela and Akash Bhansali fell between 3% and 19% during the period. In contrast, the family of Nemish Shah, Ashish Kacholia, Mukul Aggarwal, Anil Kumar Goyal and the late Rakesh Jhunjhunwala have registered gains ranging between 2% and 11%, according to a study based on data from primeinfobase.com.

Benchmark indices moved in different directions during the quarter. The Nifty and Nifty Midcap 150 indices rose nearly 6% between October and December, while the Nifty Smallcap 250 index fell 0.05% during the same period.

Portfolio values ​​were calculated for holdings where these investors held more than 1% equity in companies during the quarter. Nemish Shah’s portfolio grew by 10.1% in the December quarter.

It increased its holdings in LMW, Asahi India Glass and Vascon Engineers while reducing stakes in LG Equipments, Bannari Amman Sugars and Zodiac Clothing Company.

Ashish Kacholia and Mukul Aggarwal’s holdings rose by 7.6% and 5.7% respectively. Kacholia increased his stake in 10 stocks, including Shaili Engineering Plastics, Knowledge Marine & Engineering Works, Zegal Prepaid, Beta Drugs and Carisil.

Aggarwal increased its holdings in 23 stocks and reduced exposure to 36 during the quarter. Newland Laboratories, Radico Khaitan and Zota Health Care 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 rose 2.4% during the quarter. The Jhunjhunwala family reduced exposure to 16 stocks, including Metro Brands, Concorde Biotech, Fortis Healthcare, Tata Motors PV, Crisil, NCC, Jubilant Farmova and Indian Hotels. Among the decliners, Ashish Dhawan’s portfolio fell by 19.1%, while Hemendra Kothari’s declined by nearly 14% in the December quarter.