Late Rakesh Jhunjhunwala's net assets: how market volatility has affected the Star Investor stocks

The quarter in March 2025 was a challenge for the Indian stock market, whereby the benchmark indices of record highs were more than 16%. The slide was triggered by fresh US tariffs, which President Donald Trump announced and deepened global uncertainty. Even India's top investors – often referred to as “superstars” – were not spared volatility.

In a quarter that is characterized by steep losses, rare companies – the company that manages the Legacy portfolio of the late Rakesh Jhunjhunwala were exhibited. In the fourth quarter25, the portfolio value increased primarily in new inventory knowledge thanks to an investment of 14,953 rupees.

Also read: Rekha Jhunjhunwala adds new shares to your portfolio; Purchase shares worth 13,934 rupees | Republic

Other fixed -tent investors faced a headwind. For example, Vijay Kedia recorded a significant decline, with two of its top stocks – for auto- and TAC -Infosec, which together form over 30% of its portfolio – 16% and 30%. Most other investors have retained their positions or only made minor changes.

In contrast, Ashish Kacholia took a more aggressive route. In a bold redesign, he left 10 shares and added eight new add-up companies recently listed. His approach reflected that of Mukul Agrawal in the previous quarter. Agrawal, however, took up a more cautious posture this time and lowered 13 shares while only buying one.

Interestingly, seven of the ten new purchases from top investors have recently been in the quarter. Of these, only Qualitek -Labor was able to surpass the NITFY50. However, these investments indicate a long -term growth focus, even in a shaky market.

During the quarter, ten stocks from superstar portfolios were dropped. Most had withdrawn the wider market. Mukul Agrawal left Quick Heal technologies, while other outputs included financial, transport and software areas. In some cases, even strong companies were released due to weak price campaign.

Not all bets became counterproductive. Neuland Labs remains an outstanding long -term participation for both Vijay Kedia and Mukul Agrawal. The early start of Kedia in 2019 led to stronger returns. In the meantime, the fluorochemicals of Akash Bhanshali – which 30% of its portfolio took into account – has been under average, but its total assets have almost tripled in the past two years due to other investments.

Signal shift of the promoter use cuts signal shift

Promotors of several listed companies have affected their shares in the fourth fourth times. In particular, the promoters of JB Chemicals sold stocks worth 1,459 billion rupees, which reduces the proportion by 5.8%. In the public sector, the government reduced its share of PSU banks such as UCO Bank and the central bank of India in order to align with the minimum standards of the public participation of Sebi.