Stocks bought & sold by D-Street bigwigs during April to June 2021 quarter
April-June quarter turned out to be a fantastic one for Nifty as it jumped about 7 per cent, propelled by renewed confidence from the positive global cues, ramp up in vaccination, optimism over the prospect of additional fiscal stimulus post the second wave of the pandemic and unlocking in major states, led by a significant decline of Coronavirus cases. During this quarter, May alone contributed as much as 6.50 per cent.
So, in this article, we would talk about the bigwigs of D-Street and the shares that they have added to their portfolios along with the stocks in which they have reduced their holdings.
The big bull of D-Street, Rakesh Jhunjhunwala added Sail Authority of India (SAIL) in his portfolio during April to June 2021 quarter. His holding in SAIL is 1.39 per cent of the net company shares. Besides, the big bull increased his holding in Edelweiss Financial Services in his portfolio from 1.19 per cent in the quarter ended March 2021 to 1.61 per cent as of the quarter ended June 2021. Meanwhile, he shed his holding by 0.25 per cent and 0.24 per cent, respectively in Titan Company and Aptech.
Radhakishan Damani, Founder of DMart has increased his holding in United Breweries by 0.02 per cent on QoQ basis to 1.23 per cent in the quarter ended June 2021. On the other hand, the famed investor has reduced his holding in Blue Dart Express by 0.28 per cent on QoQ basis to 1.68 per cent.
Sunil Singhania was spotted actively picking up the stocks during April-June 2021 quarter as fresh investment was done in DCM Shriram Industries. A total of 5.18 lakh shares were bought in DCM Shriram Industries by the famed investor. Meanwhile, he increased stakes in the following stocks: Xchanging Solutions, Rupa & Company, Siyaram Silk Mills, Technocraft Industries, Jindal Stainless (Hisar) and Somany Home Innovation. Besides, he reduced his holding in Nureca, Polyplex Corporation & Anup Engineering.
Ashish Kacholia made a fresh investment in Ador Welding as he bought approx. 1.53 lakh shares of the company, which translates to 1.13 per cent. Apart from this fresh buy, this well-known investor increased his stake in the following stocks: Garware Polyester, IOL Chemicals & Pharmaceuticals and Safari Industries. On the flip side, he reduced his stake in the following stocks: Birlasoft, Vaibhav Global, HLE Glascoat, and Mold-Tek Packaging.