The domestic stock market has been on a spectacular rally for the past few months. Barring some temporary volatility during the election months, the market has been setting records continuously. After the election results were announced, the market saw a tremendous boom. Due to this boom, big investors in the stock market have made a lot of money in the first quarter of the financial year.
These top individual investors made money
An ET report, citing data from Prime Infobase, said that during the first quarter of the current financial year, i.e. the 3 months of April-June, many big individual investors like Anuj Seth, Manish Jain, Vijay Kedia, Akash Bhansali made huge profits. During the quarter, investor Hemendra Kothari’s portfolio strengthened by 7 percent. He was helped by the sharp rally in stocks like Alkyl Amines Chemicals and EIH Associated Hotels.
During the first quarter, the value of Akash Bhansali’s portfolio grew by a whopping 21 per cent. Stocks like Sudarshan Chemicals and Ramkrishna Forgings in his portfolio gained 48 per cent and 29 per cent during this period. Similarly, Mukul Agarwal’s portfolio grew by 13 per cent during the first quarter. Ashish Dhawan and Nemish Shah’s portfolios grew by 14 per cent and 17 per cent respectively.
This share of Vijay Kedia became a multibagger
Vijay Kedia’s name was also included in the top-15 individual investors who made the most money in the June quarter. Tejas Networks, a part of his portfolio, gave a multibagger return of 115 percent during the quarter. Similarly, stocks like Atul Auto, Elecon Engineering and Sudarshan Chemicals rose by 32 percent to 48 percent. In this way, Kedia’s portfolio grew by 24 percent to Rs 1,638 crore in the June quarter.
Manish Jain earned 29 percent
During the period under review, Manish Jain’s portfolio grew by 29 percent to Rs 1,592 crore. In his portfolio, Hester Bioscience’s stock jumped the most by 72 percent. At the same time, Career Point’s stock rose by 41 percent and Linde India’s stock rose by 30 percent.
Jhunjhunwala family suffered a loss of 3000 crores
However, on the other hand, some big investors also suffered losses. The Jhunjhunwala family, one of the biggest individual investors in the Indian stock market, suffered losses in the first quarter. During the quarter, stocks like Titan, Crisil and Sun Pharma Advanced Research, which were part of the Jhunjhunwala family’s portfolio, declined by 10 to 35 percent during the first quarter. Due to this, the value of the Jhunjhunwala family’s portfolio fell by about 8 percent to Rs 47,053 crore in the June quarter. The value of their portfolio had crossed Rs 50 thousand crore for the first time in the March quarter.
Also read: What is short selling, from which Hindenburg Research earns money? Why is the firm’s method of earning a threat to the market?
