Birlasoft & 3 other stocks where Ashish Dhawan stayed put in Q1

NEW DELHI: Seasoned investor Ashish Dhawan, who owned some 14 stocks at the end of the March quarter, stayed put on at least four stocks at the end of the June quarter, the latest shareholding data suggests.

Dhawan's portfolio, valued at Rs 1,916.64 crore at prevailing prices, stood at Rs 1,805.99 crore as of June 30 and Rs 1,698.73 crore as of March 31, data compiled from database Trendlyne showed. An average target price of 40 recent analyst recommendations suggests a target price of Rs 1,256 on the stock, suggesting a 9.74 per cent potential upside from here on.

Among his portfolio companies, Dhawan maintained 14,600,000 shares or a 1.18% stake in Mahindra & Mahindra Financial Services as of the June quarter. He entered the counter in the March quarter, data showed. At present prices, Dhawan's stake in the NBFC stood at Rs 294 crore.

Dhawan had been cutting stake in Birlasoft in the past. But in the June quarter, he stayed put with 3,100,000 shares or 4.79 per cent. This stock is up 343 per cent in the past five years but is down 43 per cent year-to-date. Dhawan's ownership in this stock is valued at Rs 60.60 crore.

Zensar Technologies is another stock where Dhawan did not tinker with in the June quarter. Dhawan's 2,400,000 shares or 1.06 per cent stake in this company was valued at roughly Rs 60 crore.

Meanwhile, Dhawan kept on holding AGI Greenpac in June quarter. Dhawan holds about Rs 63 crore worth of AGI Greenpac shares.

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