According to an ET report quoting primeinfobase.com data, veteran investment banker Hemendra Kothari’s holdings declined by 23% to Rs 7,656 crore, largely due to a 29% drop in the shares of his top holding, Alkyl Amines, in which Kothari and his family members hold a 72% stake as promoters.
Other investors, including Akash Bhansali, Mukul Agrawal, Ashish Dhawan, Nemish Shah, and Yusuffali Abdul Kader, saw their wealth decrease by 1-3% during the same period.
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Anil Kumar Goel, a Chennai-based value investor, experienced a 14% reduction in his portfolio, primarily due to substantial declines in the stock prices of Magadh Sugar and Avadh Sugar, which fell by more than 20%.
Conversely, DMart founder Radhakishan Damani, known for his astute investing, saw his wealth increase by 9.5% to Rs 2.04 lakh crore during the March quarter. The Jhunjhunwala family’s portfolio grew by 2% to Rs 50,897 crore, with Titan shares accounting for Rs 18,000 crore of their holdings as of March 31, 2024.
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Flipkart co-founder Sachin Bansal‘s portfolio increased by 11% in the March quarter to Rs 1,177 crore, with SML Isuzu, JK Tyres, and Birla Corp being his top holdings.
In the fiscal year ending March 2024, all investors, except for Hemendra Kothari, witnessed significant gains. Mukul Agarwal topped the list with an impressive 86% return, trailed by Akash Bhansali with 61%, and the Jhunjhunwala family with 57%. These returns were calculated based on their shareholdings in listed companies, where they maintain at least a 1% stake.