MPs also seem to have their favourite scrips. Hence, unlike the savvy investors, they don’t hedge their bets and tend to put all (or most of) their eggs in a single basket. Consider the case of the bjp MP Sangeeta Kumari Singh Deo who’s majorly invested in the Reliance group (Reliance Industries and Larsen & Toubro). Or Jasubhai Barad, the Congress MP from Gujarat, who seems to have a great liking for the Birla group, especially the AV Birla faction. Some of these parliamentarians also seek sectoral exposures and invest heavily in areas such as tobacco, liquor and petro-products. What we don’t know, and can’t say, is whether these politicians allow their investments to interfere with their work as policymakers. Wait and watch this space!
S. Rayapati Rao, Congress
Has overwhelming exposure in tobacco firms like Jayalakshmi Tobaccos (2.43 lakh shares), Gogineni Tobaccos, Green Leaf Tobacco Threshers and Natco Tobacco
Sangeeta Kumari Singh Deo, BJP
Over Rs 3 lakh in RIL by herself and spouse; the duo also own 350 shares ofL&T, a Reliance group company
Jasubhai Barad, Congress
Fascinated by the Birla group, especially the AV Birla faction; his family has holdings in Hindalco, Indian Rayon, Grasim and Indo Gulf. But also holds 217 shares of RIL.
R.G. Rana alias Raju Rana, BJP
Apart from investments in bonds, he has a penchant for the Excel group —65 shares of Excel Industries and 165 shares of Excel Crop Care
Reoti Raman Singh, Samajwadi Party
His wife is an investor with stakes in Tisco (158 shares), Mangalore Refineries (200), GE Shipping (540), RIL (18) and Jesco (60)
Chandra Bhushan Singh, Samajwadi Party
Another one who’s enchanted by Mangalore Refineries (200 shares and 50 debentures)
Harin Pathak, BJP
Has exposure in many petro-product firms like RIL (over Rs 75,000), Finolex (100 shares), and Mangalore Refineries (Rs 5,200)
S. Reddy Magunta, Congress
Nearly Rs 1.6 crore in Balaji group (Balaji Industrial and Balaji Hotels), and a number of liquor companies (United Breweries, Herbertsons, and Tamilnadu Distillery)
Jyotiraditya Scindia, Congress
His investments are Rs 81 lakh in listed firms and Rs 6 lakh in unlisted ones
