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Showing posts from October, 2018

Jhunjhunwala's investment losses' lessons

 Hailed as the Warren Buffet of India and the Big Bull of D-Street, Jhunjhunwala has notched up big notional losses in portfolio stocks, especially in the midcaps space. According to The Economic Times, the veteran investor has seen many of his portfolio stocks tumble up to 75 per cent. This has resulted in notional losses and a fall in his portfolio value below Rs 10,000 crore mark. The BSE midcap barometer posted a steep rise in the past four years - surging 55% in 2014, 7.4-8% in the next two years and an impressive 48% in 2017 - but the trend reversed this year. The index has fallen as much as 16% this year after Sebi re-defined market-caps and mutual fund categories, as well as growing concerns over the valuations commanded by these stocks. This is part of an article published on yahoo and the first free insight on the views and investments of Rakesh Jhunjhunwala, the Warren Buffet of India. A study on 27 of his portfolio stocks suggested that all except three ...