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Rakesh Jhunjhunwala has reduced stakes recently in some companies such as JB Chemicals, Mid-Day Multimedia, Praj Industries, Rishi Laser,
Titan Industries and Vadilal Industries. These conclusions are based upon declared shareholding patterns of Rakesh Jhunjhunwala portfolio
companies in 2010 till now.

Praj (nearly 16,000 shares sold) and Titan Industries (around 2 lakh shares sold) appears modest, in other four stocks Rakesh Jhunjhunwala has reduced his stakes to below 1 per cent.

In case of Mid-Day Multimedia, Jhunjhunwala sold his stocks (4.26 per cent for Rs 8 crore) a month before the company announcement of merger of its newspaper business with Jagran Prakashan.

Eight stocks in his portfolio underperformed the broader market (BSE 500) while the rest 18 generated positive returns with VIP Industries, Agro Tech Foods, Prime Focus and Rallis gaining above 30 per cent in the quarter.

In cases of JB Chemicals (where he held 1.48 per cent in the January-March quarter), Rishi Laser (held 4.45 per cent) and Vadilal Industries (held 2.78 per cent), there is absolutely no mention of Rakesh Jhunjhunwala or his associates in their latest shareholding patterns. These could also be stocks he exited. It is quite likely that he has completely exited some companies whereas in others, he reduced holdings below the 1 per cent mark, which is why his name
doesn't figure in their shareholding patterns.

Rakesh Jhunjhunwala is known to exit when stock valuations peak out, might have exited JB Chemicals (stock rose 25 per cent during April-June), Mid-Day Multimedia (15 per cent rise) and Vadilal (50 per cent rise) observing a rally in these shares.

Two stocks where Jhunjhunwala hiked his stakes in the April-June quarter were Geometric and VIP Industries. Geometric saw almost 95,000 shares added to his portfolio while in VIP Industries, he added 3.8 lakh shares to his portfolio within the three-month. The stock rose 25 per cent in the past fortnight.

Many investors in Indian stock markets follow stocks in Rakesh Jhunjhunwala portfolio. Karur Vysya Bank, Lupin, Crisil and Hindustan Oil Exploration are some of his discoveries.

Rakesh Jhunjhunwala portfolio did not show any change in 22 other portfolio stocks such as Agro Tech Foods, Bilcare, Geojit BNP, ION Exchange, Kajaria Ceramics, McNally Bharat, Provogue, Rallis India,Strides Arcolab, Viceroy Hotels and Zen Technologies.

It is heard on streets that Rakesh Jhunjhunwala is buying stocks of Kingfisher Airlines. Not seen his name yet anywhere in shareholders.Also, Rare enterprises name appeared in bulk deals list of Visaka industries.

Rakesh Jhunjhunwala Portfolio - As In June 2010 (Data Source - Stock Exchange Website)

AGRO TECH FOODS LTD.                    2,003,259
ALPHAGEO (INDIA) LIMITED                       125,000
AUTOLINE INDUSTRIES LIMITED    1,251,233
BILCARE LTD.                                    2,002,925
CRISIL LIMITED                                      550,000
GEOJIT BNP PARIBAS                           18,000,000
GEOMETRIC LIMITED                    4,900,000
HINDUSTAN OIL EXPLORATION CO. LTD    7,272,416
ION EXCHANGE (INDIA) LTD.                      650,000
KAJARIA CERAMICS LTD    2,502,642
KARUR VYSYA BANK LTD    2,041,224
LUPIN LIMITED                    3,248,835
PRAJ INDUSTRIES LTD    14,460,624
PRIME FOCUS LIMITED       882,500
PROVOGUE (INDIA) LIMITED    1,900,000
PUNJ LLOYD LIMITED    3,790,000
RALLIS INDIA LTD.                     746,588
SREI INFRA FINANCE    1,250,000
STRIDES ARCOLAB                       500,000
TITAN INDUSTRIES LTD.    3,626,061
VICEROY HOTELS LIMITED    4,750,000
VIP Industries                 1,643,000
ZEN TECHNOLOGIES LTD.       900,000


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STOCK BEEPS

-Listing of Prakash Steelage today
-NALCO cuts aluminium product prices by Rs 5,000/t
-Temptation Foods Allots 1.53 crore shares @ Rs 36/share to non-promoters on preferential basis
-TCS bags Rs 150 crore order from MP govt
-Piramal Health puts 40 acres of prime land in Mumbai on block –
-M&M-SSangyong to source USD 4-5 billion of components
-Religare Enterprises Open offer at Rs 445/share

Board Meet
-Mphasis: Results
-Cipla on Special Dividend
-Crisil: Buy-Back
-Ind-Swift: Issue of Securities
-State Bank of Mysore: Rights Issue
-Paramount: Issue of securities to promoters
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IPO Listing - Prakash Steelage Ltd
IPO Listing Detail

Listing Date: Wednesday, August 25, 2010
NSE Symbol: PRAKASHSTL
ISIN: INE696K01016
Issue Price: Rs. 110.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share