Since May 2, the Sensex has fallen over 1,000 points, breaching the psychological 16,000 mark in intraday trade Wednesday. The rupee, too, hit an all-time low in intraday trade today.Amid all the selling, billionaire investors Rakesh Jhunjhunwala has been restructuring his portfolio, increasing stake in promising companies and cutting down losses in others.
Over the last week, Jhunjhunwala has bought shares in three companies and sold his stake in one.
1) Prime Focus: Jhunjhunwala has bought 1.71 per cent stake in the company, taking his total stake to 7.64 per cent. Prime Focus is India's largest visual effects and post-production company. The stock has gained 7 per cent today.
2) Geometric: Jhunjhunwala has bought 1.61 per cent stake in this engineering solutions, services and technologies firm, taking his stake to 10.7 per cent. The stock traded lower today, though it has gained over 10 per cent over the last week (since May 9).
3) Aptech: Jhunjhunwala has bought 2.4 per cent stake in the company, taking his stake to 12.96 per cent. Aptech is a global retail and corporate training company. The stock traded lower today but has gained over 8 per cent over the last week.
4) Orchid Chemicals and Pharma: Rakesh Jhunjhunwala has sold his stake in the company. Jhunjhunwala sold the entire 3.2 per cent stake over the last two-three sessions, sources said. The stock has fallen over 25 per cent over the last week.
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