Stocks that hurt R Jhunjuhnwala, Dolly Khanna and Porinju
Have you lost money in the market in 2018? If yes, then take comfort in the fact that you are not the only one. Even India's ace investors have lost money this year.
We took a snapshot of the portfolios of ace investor Rakesh Jhunjhunwala, Porinju Veliyath and Dolly Khanna from the public domain to see which stocks have pulled down their networth.
Jet Airways, Mandhana Retail, HT Media, Pipavav Defence, Subex and Geojit Financial Services are some of the well-known stocks held by Jhunjhunwala that have dropped significantly during 2018. While Jhunjhunwala's favourites Titan and VIP industries have still managed to hold their own.
Stockholdings of ace investor Porinju Veliyath, who has forever been the advocate of small-cap stocks also fell badly this year. His favourites including Liberty Shoes, Lloyd Electric, Shalimar Paints, Tara Jewels, Samtex Fashions and Palred Technologies reduced Porinju's investment returns.
Dolly Khanna investments also suffered in 2018. Her portfolio's top stocks including Rain Industries, Butterfly, Srikalahasthi Pipes, IFB Agro and Nocil have also given negative returns.
Meanwhile, the benchmark indices tanked on Friday. The BSE Sensex was down at 35,742.07, down by 689.60 points or 1.89 per cent and Nifty50 was at 10,754.00, down by 197.70 points or 1.81 per cent.