Rakesh Jhunjhunwala, the billionaire investor, is no longer a dollar billionaire at least at the start of 2012, partly because of steep fall in the prices of his shares and partly due to rupee depreciation.
His portfolio has taken a serious beating in 2011, specially in the month of December when some of his favourite stock are down somewhere between 20 to 35 percent.
VIP Industries, a big chunk of his portfolio is down around 35% in december alone. Other losers include Provogue India, Subex, Reliance broadcast Network, Aptech and Delta Corp, all of which are down 20-25%. As per the insider news, the investor has been selling his positions recently to cover for losses from loss-making silver trades. However when asked about this, Jhunjhunwala termed those rumors baseless.
At the start of 2012 the Investment Portfolio of Rakesh Jhunjhunwala (as collected from reliable sources) is available for download from here: