The rankings are determined based on their shareholdings in listed companies where they hold a minimum of 1% stake.
Hemendra Kothari’s portfolio saw a gain of over 7%, primarily due to the strong performance of Alkyl Amines Chemicals and EIH Associated Hotels. Despite this increase, his portfolio remains 16% lower compared to the end of December.
Akash Bhanshali’s portfolio experienced a substantial gain of over 21%, with Sudarshan Chemicals and Ramkrishna Forgings rising by 48% and 29%, respectively.
India’s Richest Investors
Similarly, the portfolios of Mukul Agrawal, Ashish Dhawan, and Nemish Shah saw increases of 13%, 14%, and 17%, respectively, during the June quarter, outperforming the Nifty index, which gained 3.81%.
Vijay Kedia’s portfolio stood out as one of the biggest gainers, growing by 24% to reach Rs 1,638 crore. The impressive performance was driven by the surge in Tejas Networks, which skyrocketed by 115% in the June quarter, along with significant rallies in Atul Auto, Elecon Engineering, and Sudarshan Chemicals, which rose between 32% and 48%.
Manish Jain’s portfolio also experienced a remarkable gain of 29%, reaching Rs 1,592 crore. Three of his stocks, namely Linde India, Hester Bioscience, and Career Point, saw substantial increases of 30%, 72%, and 41%, respectively.
The Jhunjhunwala family‘s wealth in listed firms, which had exceeded Rs 50,000 crore in the March quarter for the first time, saw a decrease of nearly 8% to Rs 47,053 crore by the end of the June quarter.
This decline was attributed to the fall in stocks such as Titan, Crisil, and Sun Pharma Advanced Research, which dropped between 10% and 35% during the period.