We’ve been tracking Rakesh Jhunjhunwala‘s portfolio since January 2011. It’s not been a pleasant time. We earlier reported how his favourite stocks – especially those that he had publicly recommended his disciples to buy, had fallen out of favour and registered steep losses. What troubled the Oracle of Mumbai was not so much the loss in his own portfolio but the fact that his disciples had suffered losses in their personal portfolios by following his public recommendations. Then we exposed the Bears for targeting Rakesh Jhunjhunwala‘s portfolio. We pointed out how the Bears had spread rumors that the master had speculated heavily in Silver futures and Nifty futures and that his heavy losses had forced him to liquidate his favourite stocks.
Since then we were petrified to check Rakesh Jhunjhunwala‘s portfolio because we knew that things were not looking pretty at all. However, we managed to summon the courage to take a peek and out worst fears came true;
The portfolio has suffered a loss of Rs. 700 crores!
The worst cut came when Rakesh Jhunjhunwala‘s most-trusted lieutenant, his man-of-crisis, his crown jewel, Titan Industries, buckled in the face of the fearsome Bear onslaught and lost a mammoth Rs. 119 crores. Titan Industries has been very vulnerable to the Bear attack on two fronts. First, the soaring prices of Gold and diamonds has meant that Titan‘s customers have postponed their purchases. Second, the steep depreciation in the value of the Rupee has meant that Titan‘s import bill has shot up. The dual whammy has lent considerable ammunition to the Bears to attack Titan Industries.
All the other stocks in the portfolio also seem to have lost their nerve after seeing Titan‘s surrender. Bilcare lost Rs. 96 crores, Hindustan Oil & Gas lost Rs. 91 crores, Lupin lost Rs. 65 crores, Geojit lost Rs. 61 crores and even Karur Vyasa Bank could not salvage the situation and lost Rs. 57 crores. The only stock that held on to its gains was CRISIL, with a gain of Rs. 165 crores.
| Particulars | Investments | Todays Gain | Overall Gain | Latest Value |
| Stocks | 39,832,151,874 | -164,457,741 (-0.50%) | -6,964,150,640 (-17.48%) | 32,868,001,234 |
| Company | Live Price | Change | Quantity | Inv. Price | Day’s Gain | Day’s Gain% |
Overall Gain | Overall Gain% | Latest Value | |||
| CRISIL | 901.40 | -1.95 | 5500000 | 600.58 | -10,725,000 | -0.22% | 1654510000 | 50.09% | 4,957,700,000 | |||
| Kajaria Ceramic | 100.15 | -0.10 | 2502642 | 73.95 | -250,264 | -0.10% | 65569220 | 35.43% | 250,639,596 | |||
| Adinath Exim Re | 17.10 | -0.00 | 250000 | 16.00 | 0 | 0.00% | 275000 | 6.88% | 4,275,000 | |||
| Agro Tech Foods | 384.95 | -4.20 | 2003259 | 375.05 | -8,413,688 | -1.08% | 19832264 | 2.64% | 771,154,552 | |||
| Titan Ind (2) | 163.25 | -3.90 | 72521220 | 179.75 | -282,832,758 | -2.33% | -1196600130 | -9.18% | 11,839,089,165 | |||
| Lupin | 434.55 | +21.20 | 13639175 | 482.45 | 289,150,510 | 5.13% | -653316483 | -9.93% | 5,926,903,496 | |||
| Stride Arcolab | 398.85 | -15.05 | 500000 | 448.60 | -7,525,000 | -3.64% | -24875000 | -11.09% | 199,425,000 | |||
| Rallis India | 124.95 | -3.00 | 7465880 | 144.41 | -22,397,640 | -2.34% | -145286025 | -13.48% | 932,861,706 | |||
| Praj Industries | 72.25 | -1.10 | 14460624 | 84.25 | -15,906,686 | -1.50% | -173527488 | -14.24% | 1,044,780,084 | |||
| Karur Vysya (2) | 366.95 | -0.15 | 5629224 | 469.42 | -844,384 | -0.04% | -576826583 | -21.83% | 2,065,643,747 | |||
| VIP Industries | 90.20 | -3.20 | 8215000 | 133.73 | -26,288,000 | -3.43% | -357598950 | -32.55% | 740,993,000 | |||
| Prime Focus | 42.20 | -3.00 | 882500 | 64.50 | -2,647,500 | -6.64% | -19679750 | -34.57% | 37,241,500 | |||
| Zen Tech | 103.00 | -2.05 | 900000 | 164.30 | -1,845,000 | -1.95% | -55170000 | -37.31% | 92,700,000 | |||
| Geometric | 47.55 | -1.40 | 4900000 | 78.15 | -6,860,000 | -2.86% | -149940000 | -39.16% | 232,995,000 | |||
| Delta Corp | 64.90 | +2.05 | 7500000 | 106.95 | 15,375,000 | 3.26% | -315375000 | -39.32% | 486,750,000 | |||
| Ion Exchange | 94.10 | -3.65 | 650000 | 172.65 | -2,372,500 | -3.73% | -51057500 | -45.50% | 61,165,000 | |||
| Viceroy Hotels | 20.75 | -0.60 | 4750000 | 39.25 | -2,850,000 | -2.81% | -87875000 | -47.13% | 98,562,500 | |||
| Reliance Broadc | 46.10 | -3.25 | 1750000 | 88.45 | -5,687,500 | -6.59% | -74112500 | -47.88% | 80,675,000 | |||
| Geojit BNP (2) | 15.85 | -0.35 | 36000000 | 32.90 | -12,600,000 | -2.16% | -613800000 | -51.82% | 570,600,000 | |||
| Autoline Ind | 98.35 | -3.90 | 1251233 | 206.40 | -4,879,809 | -3.81% | -135195725 | -52.35% | 123,058,766 | |||
| Hind Oil Explor | 111.05 | -1.45 | 7272416 | 236.40 | -10,545,003 | -1.29% | -911597345 | -53.02% | 807,601,797 | |||
| Orchid Chemical | 144.05 | -5.45 | 2500000 | 314.65 | -13,625,000 | -3.65% | -426500000 | -54.22% | 360,125,000 | |||
| SREI Infra (2) | 27.70 | -0.00 | 2250000 | 60.75 | 0 | 0.00% | -74362500 | -54.40% | 62,325,000 | |||
| Mcnally Bh Engg | 89.00 | -2.60 | 480000 | 225.35 | -1,248,000 | -2.84% | -65448000 | -60.51% | 42,720,000 | |||
| Punj Lloyd | 41.50 | -1.15 | 3790000 | 111.85 | -4,358,500 | -2.70% | -266626500 | -62.90% | 157,285,000 | |||
| Alphageo | 60.95 | -3.35 | 125000 | 175.90 | -418,750 | -5.21% | -14368750 | -65.35% | 7,618,750 | |||
| A2Z Maintenance | 108.55 | -5.75 | 1400000 | 327.15 | -8,050,000 | -5.03% | -306040000 | -66.82% | 151,970,000 | |||
| IFCI | 21.55 | -0.35 | 7500000 | 66.85 | -2,625,000 | -1.60% | -339750000 | -67.76% | 161,625,000 | |||
| Provogue | 19.85 | -0.35 | 1900000 | 64.15 | -665,000 | -1.73% | -84170000 | -69.06% | 37,715,000 | |||
| Pantaloon (DVR) | 89.00 | -5.95 | 211000 | 316.90 | -1,255,450 | -6.27% | -48086900 | -71.92% | 18,779,000 | |||
| Bilcare | 179.00 | -5.75 | 2002925 | 659.50 | -11,516,819 | -3.11% | -962405463 | -72.86% | 358,523,575 | |||
| NCC | 36.90 | +0.05 | 5000000 | 151.85 | 250,000 | 0.14% | -574750000 | -75.70% | 184,500,000 | |||
Of course, lay investors must take note of the fact that at heart Rakesh Jhunjhunwala is cold and emotionless when it comes to money matters. In the great crisis of 2008, Rakesh Jhunjhunwala had seen a worst situation with his precious portfolio being plundered of several hundreds of crores. However, he never lost his nerve. Like a poker player, he kept his cool, analyzing matters with a rational mind. He also bought more of his favourite stocks. And when the tide turned, he made a staggering Rs. 1,000 crores gain! Will history repeat itself? We are sure it will!
Rakesh Jhunjhunwala Portfolio
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