market: 13 out of his 17 stocks firing big time for India’s second

New Delhi: Ace investor Ashish Dhawan’s portfolio has widely outperformed the broader market so far in calendar 2021, as 13 of the 17 stocks in his portfolio have delivered up to 190 per cent returns against a 22 per cent surge in the BSE Sensex.

Dhawan is India’s second largest individual investor after Rakesh Jhunjhunwala.

Among the top performers, three have delivered multibagger returns, while three others have given negative returns. His largest holding, Max Healthcare Institute, zoomed 167 per cent, valuing his stake at Rs 524.1 crore as of Thursday’s closing price. Dhawan held 1.4 per cent stake in the company at the end of the June quarter, down from 1.8 per cent at the start of the year.

His IT pick Palred Technologies has rallied 190 per cent. Dhawan held 7 per cent stake in the company. RPSG Ventures, in which Dhawan held a 4.7 per cent stake, has gained about 160 per cent.

According to the data from Trendlyne, the ace investor held 17 stocks in his portfolio, which was worth Rs 2,765 crore as of Thursday’s prices.

Among his other top holdings, Birlasoft and IDFC have delivered 62 per cent and 45 per cent, respectively. However, Glenmark Pharmaceuticals, his fourth largest holding, rose a mere 4 per cent, underperforming the benchmark Sensex.

Among his other holdings, Zensar Technologies (92 per cent up), HSIL (86 per cent up), Equitas Holdings (82 per cent up), Greenlam Laminates (77 per cent up), AllCargo Logistics (75 per cent up) and Quess Corp (62 per cent up) all delivered handsomely.

Three stocks of his portfolio disappointed: Karur Vysya Bank (8 per cent down), Arvind Fashions (2 per cent down) and Max India (1 per cent down) have all delivered negative returns year to date.