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Rakesh Jhunjhunwala retains stake in this hospitality company despite Covid-19 surge

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Rakesh Jhunjhunwala portfolio went through huge overhauling in January to March 2021 quarter. In this quarter, the 'Warren Buffett of India' has given many surprises to those who follow his portfolio shares closely.

In the March ended quarter, Rakesh Jhunjhunwala changed his shareholding in 12 stocks. The Big Bull of the Indian stock market cut down his stake in one of his most favourite stocks Titan Company and retained share holding in hospitality industry company Indian Hotels Company Limited.Like Titan Company, this decision of Rakesh Jhunjhunwala, to keep Indian Hotels Company Limited stake unchanged, is surprising because due to the Covid-19 surge, hospitality industry is going to emerge as one of the worst hit sectors and Indian.

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