Business Standard

Tata powers Rekha Jhunjhunwa­la’s portfolio in 2024


Arun-up of up to 27 per cent in Tata Group stocks has helped Rekha Jhunjhunwa­la outperform the market and the portfolio returns of other marquee investors such as Mukul Mahavir Agarwal, Ashish Dhawan, Ashish Kacholia, Vijay Kedia, and Anil Kumar Goel and Seema Goel.

In the calendar year 2024 (CY24), Rekha Jhunjhunwa­la’s net worth has increased by more than 7 per cent, or ~2,865 crore, compared to less than 1 per cent rise in the S&P BSE Sensex. On March 22, the combined net worth of Rekha Jhunjhunwa­la stood at ~41,676 crore, up 7.4 per cent and compared to ~38,811 crore at the end of December 31, 2023.

Chennai-based Dolly Khanna and Agarwal are other marquee investors that saw their portfolio rise (up 6.5 per cent) and (1.7 per cent), respective­ly, in CY24.

On the other hand, the portfolios of Kedia, Ashish Dhawan, and Anil Kumar Goel and Seema Goel have underperfo­rmed the market by falling 2 per cent to 13 per cent on account of sharp correction in smallcap stocks. Ashish Kacholia’s portfolio gained 0.1 per cent.

Rekha Jhunjhunwa­la, inherited the stock portfolio from her late husband, Rakesh Jhunjhunwa­la, who was popularly called India’s Warren Buffett.

A large part of Rekha Jhunjhunwa­la’s portfolio gained from a sharp rally in Tata group stocks. In four group companies, Titan Company, Tata Motors (including DVRS), Indian Hotels Company and Tata Communicat­ion, Rekha Jhunjhunwa­la holds shares worth ~25,573 crore which account for 61 per cent value of her total portfolio. These companies added ~1,652 crore in total net worth gain of Rekha Jhunjhunwa­la in CY24.

Tata Motors, which has rallied 26 per cent in 2024, has added ~1,184 crore in her total portfolio gain. Shares of Indian Hotels rallied 27 per cent, while Tata Communicat­ions gained 9 per cent and Titan Company nearly 1 per cent during the period. Analysts are bullish on Tata group stocks and expect them to gain further. Kishor Ostwal, managing director at CNI Research, expects value unlocking across the group companies.

“Tata group companies have high intrinsic value. There are reports of Tata Sons getting listed as well; whether that happens is still anyone’s guess. I see a lot of value unlocking across most Tata group companies, especially in Tata Motors, Tata Power, Tata Chemicals and Indian Hotels,” Ostwal said.

Besides Tata Group companies, NCC (~577 crore), Canara Bank (~508 crore), and CRISIL (~266 crore) added more than ~250 crore in her total portfolio gain. These stocks have rallied between 15 per cent and 42 per cent.

Of the top 10 companies in Rekha Jhunjhunwa­la’s portfolio, eight have given positive returns. Metro Brands and Fortis Healthcare recorded negative returns of 11 per cent and 4 per cent, respective­ly.

The figures are based on Rekha Jhunjhunwa­la’s holdings in companies where her stake is more than one per cent (as publicly declared to exchanges), according to informatio­n sourced from Capitaline­plus’s database at the end of the Octoberdec­ember quarter.

Meanwhile, Dolly Khanna’s net worth grew 6.5 per cent from ~401 crore to ~427 crore in CY24 (as on March 22). Chennai Petroleum Corporatio­n (CPCL), which accounts for 40 per cent, or ~172 crore of Khanna’s portfolio, added ~36 crore in her overall portfolio gain.

Vijay Kedia, who has investment­s in Atul Auto, Elecon Engineerin­g, Tejas Networks, and Vaibhav Global, have seen their net worth erode 9 per cent, or ~115 crore, to ~1,126 crore.

Anil Kumar Goel and Seema Goel have collective­ly seen their net worth erode 13 per cent, or ~267 crore, to ~1,868 crore.


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