Ace Investor: Mohnish Pabrai This favourite petrochemical stock of Mohnish Pabrai is down 13% on June 20
Mohnish Pabrai is an Indian- American Value investor. He is known to be a disciple of legendary investor Warren Buffett. Mohnish Pabrai once spent $650,000 to have lunch with Buffett. Mohnish Pabrai founded Pabrai Investment Fund in 1999 and currently is working as a managing partner for the same fund. The fund is based on value investing principles. On June 20 2022, the net worth of Pabrai is estimated to be Rs 1140 crore.
However, Pabrai's equity portfolio is very concentrated and only holds 3 stocks. These stocks are Sunteck Realty Ltd, Rain Industries Ltd, and Edelweiss Financial Service Ltd.
Out of these three stocks, Rain Industries tumbled the hardest in today’s session. The shares of Rain Industries are trading down more than 13%. At the closing bell, the stock closed at Rs 135.7. Long term performance of the stock is weak, trading more than 50% below its August 2021 level. However, the company reported decent Q4 results. Rain Industries is a vertically integrated carbon, cement, and other advanced material product manufacturer.
Sunteck Realty Ltd is a Mumbai based residential and commercial properties developer. The financials of the company are not looking good. The annual revenue for the company is constantly reduced each year with an almost 46% decline from 2017 to 2022. The recent Q4 results are also not good either, revenue declining 18.5% on a YOY basis.
Edelweiss Financial Service Ltd is involved in the business of offering investment banking services; and also providing development, managerial and financial support to the business. Edelweiss Financial Service Ltd also has weak financials. The five-year revenue growth for the company was reported at only 0.96%. The stock has been continuously falling since June 2018 and currently trading near its March crash levels.
Currently, all three stocks are not looking good. However, Pabrai remains invested in these stocks.
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