Rakesh Jhunjhunwala‘s stock portfolio, which we love keeping a close watch on, has suffered a debilitating loss of about Rs. 157 crores in the three weeks of January 2011.
Rakesh Jhunjhunwala had ended 2010 on a very happy note, having earned a staggering Rs. 1,000 crores. However, the year 2011 has put the Oracle of Mumbai in a somber mood because the steep fall in the Sensex and Nifty has not spared his portfolio.
Rakesh Jhunjhunwala lost a staggering Rs. 32 crores in Titan Industries, the crown jewel in his stock portfolio. Though Titan Industries lost only 2.46% in the period, his mammoth holding worth Rs. 1271 crores ensured that Titan took first place amongst the losers. Hindustan Oil Exploration lost 14.64% in the period and shaved off Rs. 25 crores from the great investor’s wealth.
Geojit BNP must have also depressed Rakesh Jhunjhunwala after it lost Rs. 18 crores followed by Bilcare (Rs. 15.45 crores) and VIP Industries (Rs. 14.52 crores).
Bilcare‘s dismal performance at the bourses must have perplexed the master as it perplexed us though we continue to be optimistic about Bilcare. VIP is also in our watch-list though we can’t muster the courage to buy it at current valuations
Rakesh Jhunjhunwala‘s newest favourite SREI Infra also could not buck the trend and buckled 6.68%. In percentage terms, Provogue was the biggest loser with a bone-chilling loss of 24%.
The only scrip that must have brought a smile to Rakesh Jhunjhunwala‘s lips was Geometric which put up a brave fight against the Bears and managed to eke out gains of Rs. 1.64 crores. Of course, it is another matter that such gains are not even petty cash for the great investor.
Of course, whatever notional losses Rakesh Jhunjhunwala suffered were more than made up by the mind-boggling gains he made from the IPO of A2Z Maintenance. Unfortunately, the investors in A2Z Maintenance‘s IPO (which includes yours truly) had nothing to smile about after the share price sank 25% from its IPO price of Rs. 400 to land at Rs. 300. Investors, who dreamt of a multi-bagger in A2Z Maintenance, will now be quite content to get their investment back!