2018: These Shares Tripped Ace Investors, Too..!

2018:  These Stocks Tripped Ace Investors, Too..!

Calendar 2018 taught some hard lessons to retail investors, especially those who blindly ape established names on Dalal Street, as even biggies like Mr. Rakesh Jhunjhunwala, Mr. Dolly Khanna, Mr. Anil Kumar Goel and Mr. Porinju Veliyath faced the heat in the prolonged selloff.

Take this: As many as 10 of Jhunjhunwala’s portfolio stocks plunged over 50% from January until December 17.
Among the top wealth destroyers, Mandhana Retail tanked 76%, followed by Geojit (down 65%), DHFL (down 63%), Prozone Intu Properties (down 60%) and Prakash Industries (down 58%).

Some of his other favourites like Orient Cement, Anant Raj, Aptech, Bilcare, Man Infra Construction, TV18 Broadcast and Ion Exchange have declined between 40% and 54% for the year till date. Other holdings such as VIP Industries, Firstsource Solutions and Titan Company, however, played saviour and gained 49%, 26% and 9%, respectively.
Shankar Sharma of First Global in an earlier interaction with ETMarkets.com said one should never ape others in the stock market. “You should read a lot. This will help you develop your own style. You can take some elements from others, but ultimately you have to find your own style in investing,” he said.

Kochi-based investor Porinju Veliyath also took a massive hit on his portfolio, comprising largely small caps and midcaps. Stocks owned by his wealth management firm Equity Intelligence, like LEEL Electricals, Liberty Shoes, Shalimar Paints, Ansal Buildwell, Eastern Treads, Kerala Ayurveda and BCL Industries slipped between 35% and 81% in 2018.
Most of the shares held by Chennai-based investor Dolly Khanna also moved southward during the year. Srikalahasthi Pipes, Rain Industries and Butterfly Gandhimathi Appliances dipped over 50% during the year. Khanna’s other stocks such as RSWM, IFB Agro, Mannappuram Finance, Nilkamal, Nocil and Ruchira Papers slipped between 7 % and 32%.
With over 1% holding in more than 30 companies, Anil Kumar Goel saw his portfolio value fall up to 73 % during the year. Samtex Fashions, Sarla Performance, Indsil Hydro Power and Manganese, Vardhman Holdings, KG Denim, Srikalahasthi Pipes, KRBL, Dwarikesh Sugar Industries, Shivam Autotech and Thirumalai Chemicals dipped between 50% and 75%.
Jhunjhunwala earlier told ETMarkets that excitement about mid-caps has mellowed down quite a bit. “Midcaps can’t trade at the valuation of large caps,” he said


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