Rekha Jhunjhunwala trims stake in CRISIL in June quarter, Ashish Kacholia raises in this smallcap
Rekha Jhunjhunwala has trimmed her stake in midcap counter CRISIL by 8 bps in the June ended quarter at 5.36% from 5.44% in the March quarter. Meanwhile, Ashish Kacholia has raised his holding in smallcap stock Brand Concepts by 6 bps to 1.62% in the June quarter versus 1.56% in the previous three-month period.
Jhunjhunwala’s stake cut in CRISIL comes on the back of a lackluster show by the counter. In the last one year, it has returned 13% underperforming Nifty whose returns are to the tune of 25% in the said period. On a year-to-date basis, CRISIL shares have returned less than 1%.
Kacholia on the other hand appears to have capitalised on the buy-on-dips opportunity. While its returns in 2024, so far have been negative 21%, on an annual basis they stand at 75%.
CRISIL shares are currently trading below their 200-day simple moving average (SMA) of Rs 4,330 while above their 50-day SMA of Rs 4,246. Today, the stock was trading at Rs 4,303.10 on the BSE, down by Rs 54.45 or 1.25% over the last closing price.
Brand Concepts shares were also down by Rs 9.45 or 1.53% around 1:20 pm and were trading at Rs 606.25. This stock is trading below its 50-day and 200-day SMAs of Rs 675 and Rs 683.
Jhunjhunwala also cut her stake in one smallcap counter Raghav Productivity Enhancers in the said quarter. Her holding as of this date stood at 4.98%, down by 8 bps from 5.06% in the previous quarter.
The stock has rallied 70% in the last 12 months and its returns in 2024, so far stand at 19%. The outperformance over Nifty is
