The selloff in domestic stocks during the September quarter sent investors scurrying for cover, but it was business as usual for ace investor RakeshJhunjhunwala.
Yet, the ace investor accumulated more shares of Dewan Housing Finance, which incidentally happened to be the worst-hit stock in his portfolio during the quarter. His holding in the housing finance firm went up by 39 basis points to 3.19 per cent at the end of September quarter from 2.8 per cent at the end of June quarter.
The stock had seen a 56.90 per cent drop in market value in September quarter and 70 per cent since July 1. Jhunjhunwala has been holding the stock at least since 2013, data available with Ace Equity shows.
Jhunjhunwala also bought 5 lakh shares in Jubilant Life Sciences NSE -0.05 % during the quarter, raising his holding to 1.6 per cent from 1.3 per cent. In Escorts, he bought 42,368 shares, taking his holding to 8.2 per cent from 8.1 per cent.
In SpiceJetNSE 0.00 %, he held 1.3 per cent stake at the end of September quarter. He last held 1.9 per cent stake in the aviation stock at the end of June quarter of 2014.