Exclusive: Rakesh Jhunjhunwala's top buys

RARE Enterprises, bought more than one million shares of DB Realty via an open market transaction

It would perhaps be a “rare” occasion if ace equity investor, Rakesh Jhunjhunwala, also considered by many as India’s big bull miss any good investment opportunity.

In his latest move, Rakesh Jhunjhunwala though his asset management firm, RARE Enterprises, bought more than one million shares of the Mumbai-based real estate firm – DB Realty – via an open market transaction.

As per bulk data available with the stock exchanges, RARE Enterprises purchased 1.25 million shares of D B Realty at an average price of Rs 90.21 apiece on Friday. This values the transaction at Rs 11.27 crore and sent the stock soaring over 5 per cent to Rs 98.8 on the National Stock Exchange.
 

TOP HOLDINGS

Company

Shares in million Holding (%) A2Z Maintenance14.7719.92 Geometric9.3914.95 Viceroy Hotels5.7113.46 Rallis India17.619.05 Aptech4.328.85 Geojit BNP18.007.88 CRISIL5.407.70 Titan Inds.66.437.48 Bilcare1.747.37 V I P Inds.10.087.13 Source: BS Research Bureau
Stock strategy
Jhunjhunwala, who also is the chairman of Aptech Ltd, invests in a company based on its business model, growth potential and the potential for longevity. Among his top buys is A2Z Maintenance in which RARE Enterprises, his asset management firm holds 19.92 per cent stake, data suggests. As per the (BSE) bulk deal data, Jhunjhunwala bought 122,00,000 shares in the company on 22 May, 2012 at an average price of Rs 100 per share.

Geometric (14.95 per cent), Viceroy Hotels (13.46 per cent stake), Rallis India (9.05 per cent stake) and Titan Industries (7.48 per cent stake) are some of his other prominent holdings.