(Anjali Shreya, Intern Journalist): Well-known and veteran investors have shopped heavily during the September quarter, loosening their pockets in the stock market. He grabbed the shares with both hands to take full advantage of the market’s rising momentum. The benchmark index BSE Sensex rose 9 percent in the September quarter.
Renowned value investor Radhakishan Damani has increased his stake in Spencer’s Retail by 11 basis points to 2.20 percent from 2.09 percent at the end of the June quarter.
Rakesh Jhunjhunwala increased his stake in Tata Motors to 1.27 percent. His wife VA Tech Wabag owns 8 percent. The company has sold 50 lakh shares on the basis of preference.
Ashish Kacholia, fond of midcap and smallcap shares, bought a 1.2 to 3.4 percent stake in Mold-Tech Packaging, Newland Labs, Marksans Farms, and Mastek during the September quarter. This includes both increase in stake and new investment.
Anil Kumar Goyal, trying his hand in the tea business, bought a 1.3 percent stake in Dhunseri tea. On the other hand, Dolly Khanna’s name emerged as new buyers of KCP and Heritage Foods. He reduced his stake in Nocil.
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