![Rekha Jhunjhunwala trims stake in CRISIL in June quarter, Ashish Kacholia raises in this smallcap](https://img.etimg.com/thumb/msid-111630944,width-210,height-158,imgsize-31926,resizemode-75/rekha-jhunjhunwala-trims-stake-in-crisil-in-june-quarter-ashish-kacholia-raises-in-this-smallcap.jpg)
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 more than two-fold over a 1-year period.
According to the latest corporate shareholdings compiled by Trendlyne, Jhunjhunwala publicly holds 25 stocks with a net worth of over Rs 40,101.3 crore while Kacholia has stakes in 46 stocks with a net worth of over Rs 3,210.1 crore.
Also Read: Dolly Khanna raises stake in smallcap multibagger Selan Exploration Technology
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price