March 6, 2021

Market: Sensible cash laps up midcaps and smaller cos amid market rebound

A few of India’s most astute buyers shuffled their fairness portfolios in the course of the June quarter amid the sharp rebound within the markets after the droop of the earlier two months. A examine of their portfolios sourced from the ETIG Database confirmed that buyers together with Rakesh Jhunjhunwala and Radhakishan Damani lapped up stocks of mid and small-cap firms.

The examine captures shareholding modifications in firms the place they maintain over 1 per cent. Jhunjhunwala figures amongst shareholders of mid-caps similar to Autoline Industries, Dishman Carbogen and Indian Inns. Damani owns 1 per cent or extra of Mangalam Organics, BF Utilities and Astra Microwave. Enam’s Akash Bhanshali has a four per cent stake in

Vascon Engineers. Ashish Kacholia, recognized for his mid and small-cap picks, has raised stakes in HLE Glasscoat and Religare Enterprises and pared holdings in DFM Meals by 0.85 per cent and in KPIT Tech by 0.58 per cent. Chennai-based Dolly Khanna has bought marginal stakes in NOCIL and Rain Industries. Anil Kumar Goel, who has been bullish on sugar, has raised stakes in Magadh Sugar and Avadh Sugar however has trimmed holdings in Dhampur Sugar by 0.three per cent. He has additionally minimize stake in Samtex Fashions, Cosmo Movies and Mazda.