This is just a small brief on the shares Ace Investor Rakesh Jhunjhunwala bought/sold in the June quarter. I may request readers to do their own homework before blindly copying his portfolio.
He bought 1,07,200 shares of Lupin, 7,00,000 shares of Nagarjuna Construction, 2,44,838 shares of Rallis India, 2,00,000 shares of Praj Industries and 2,85,000 shares of Hindustan Oil Exploration.
He sold 50,000 shares of Karur Vysya Bank, 27,000 shares of Titan Industries and 2500 shares of Bilcare.
No change in holdings in Crisil, Punj Lloyd, Pantaloon -DVR, Geojit BNP Paribas, Geometric, Prime Focus, Zen Technologies and Mid-day Multimedia. Due to equity dilution in Pantaloon Retail, RJ’s holdings in Non-DVR Pantaloon might have come down to below 1% and hence it is not disclosed in the Shareholding pattern.
My observations: He increased his holdings in Lupin for the second consecutive quarter while he sold some Titan Industries in the last two quarters. My estimate is that he bought stocks worth Rs 35crs during the June quarter.
Disclosure: I hold Lupin and Punj Lloyd.
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A column written by the Ace Investor in Business Today dated 28th June’09.
Click here to read the article.
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I have compiled a list of quality stocks which one can look at based on earnings growth and return ratios (FY09) . I have excluded FMCG and Banking from the list.
Amara Raja Batteries (CMP: 92)
Ahluwalia Contracts (CMP: 87)
Bajaj Electricals (CMP: 400)
Blue Star (CMP: 342)
Crisil (CMP: 3412)
Divis Labs (CMP: 1117)
eClerx Services (CMP: 300)
Exide Industries (CMP:66)
Mphasis (CMP: 370)
Opto Circuits (CMP: 160)
Page Industries (CMP: 545)
Sesa Goa (CMP: 185)
Thermax (CMP: 408)
Titan Industries (CMP: 1180)
TRF (CMP: 825)
Voltas (CMP: 123)
Voltamp Transformers (CMP: 842)
Stocks with a little lower ROCE but over 30% ROE are Crompton Greaves and Tulip Telecom (both have ROCE of around 25%).
If you can pick 5 stocks from the above list whose earnings are expected to grow over 20% over the next few years and available at FY11 PE of less than 12, then I believe you can easily outperform the Index over the longer term.
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