Dhawan, whose inventory portfolio is price Rs 2,000 crore, offloaded Max Healthcare shares after proudly owning them for 5 quarters.
At 1.42 per cent in June quarter, Dhawan’s stake in Max Healthcare was valued roughly at over Rs 450 crore, making it his greatest holding.
The scrip had rallied 260 per cent from October 2020 ranges to the center of September, earlier than shedding floor. At Rs 338 a chunk on Wednesday, the scrip is off 40 per cent from its September 16 excessive of Rs 472.60.
ETMarkets.com had earlier reported that the inventory was wanting exhausted on technical charts. Dhawan himself had trimmed his stake in Max Healthcare to 1.42 per cent within the June quarter from 1.67 per cent within the March quarter.
Dhawan was additionally seen reserving earnings on Birlasoft in September quarter as he reduce his stake on this agency to 1.8 per cent from 2.88 per cent sequentially. This was the bottom ever stake Dhawan has held within the IT firm since he entered the counter in December 2019. This inventory was up 650 per cent within the final one 12 months.
Dhawan made no modifications to 3 different portfolio shares whereas trimming stake in ZEN Applied sciences.
In Max India his stake remained unchanged sequentially at 6.1 per cent. He held on to his 1.1 per cent stake in Quess Corp. He additionally didn’t tinker with RPSG Ventures. In Zensar Applied sciences, he trimmed stake to 1.1 per cent from 1.2 per cent. This inventory had rallied 157 per cent within the final one 12 months.
Dhawan’s wealth jumped 5 fold from Rs 521 crore in March quarter of 2020 to Rs 2,544 crore on the finish of September quarter, knowledge publicly accessible with Trendlyne recommended. That portfolio worth has fallen of late to Rs 2,000 crore odd ranges.