Jhunjhunwala Portfolio: Rakesh Jhunjhunwala, a veteran investor called India’s Warren Buffett, made a profit of Rs 1331 crore from just two stocks this week. In just four trading days this week, the rise in Tata Group’s stocks increased the net worth of Big Bull Jhunjhunwala. In the last four trading days, shares of Titan were up 8.98 percent and shares of Tata Motors by 30 percent. Let us tell you that on Thursday, October 14, the last trading day of this week, the domestic equity market reached a new high and Tata Motors and Titan also had great growth.
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Further bullish trend in Tata Motors
- Shares of Tata Motors have gained about 30 per cent this week and closed a trading day earlier at Rs 496. Jhunjhunwala had a holding of Rs 1,445 crore on the last trading day of last week, which increased to Rs 1874 crore this week after the price of Tata Motors reached the top of 52 weeks i.e. Big Bull from Tata Motors in just four days. made a profit of Rs 429.59 crore. Jhunjhunwala holds 3.77 crore equity shares of Tata Holders.
- So far this year in 2021, the prices of Tata Motors have strengthened 166.27 percent and it is showing an upward trend even further. After the announcement of the deal between Tata Motors and TPG this week, brokerage firm Emkay Global had set a target price of Rs 515 per share. ICICI Direct has also fixed its target price at Rs 515. According to market analysts, this deal will help Tata Motors’ EV business.
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Titan also had great growth
- Titan, one of Rakesh Jhunjhunwala’s most favorite stocks, closed at Rs 2567 with a jump of 8.98 per cent on the last trading day of this week. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 4.26 crore shares in Titan, which is equal to 4.81 per cent stake in the company. His stake in Titan was Rs 10046 crore on the last trading day of last week, which increased to Rs 10948 crore on the last trading day of this week i.e. profit of Rs 902 crore in just five days.
- Titan has been involved in Jhunjhunwala’s portfolio for years. So far this year, it has strengthened 64.7 percent. Earlier this month, Titan announced better results in July-September. In the second wave of the Corona epidemic, it made a great recovery from the lower levels. Analysts are bullish on this stock. However, it is currently trading above the estimates of Motilal Oswal, Emkay Global and ICICI Direct.
(Article: Kshitij Bhargava)
(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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