The Sensex and Nifty rose 11 percent in this month.
After the removal of the lockdown imposed due to Corona epidemic, the market also showed the effect of increasing foreign investment and improvement in the economy. The Sensex and Nifty rose by 11 percent in this month. The impact of this increase in Sensex and Nifty was also seen on the portfolio of veteran investor Rakesh Jhunjhunanwala. Only five stocks have increased the wealth of Jhunjhunwala by Rs 967 crore. However, some stocks also fell and their 65.3 crore rupees were drowned.
686 crore increase in wealth due to Tata group
Rakesh Jhunjhunwala and his wife own 4.9 crore shares of the Tata Group firm. The rise in these shares increased their wealth by 686 crores. Apart from this, shares of Titan Group included in Rakesh Jhunjhunwala’s portfolio also rose by 11.5 percent.
Apart from Titan, Jhunjhunwala has the highest earning stock escorts. Escorts is an automotive engineering company that manufactures agricultural machinery and also constructs construction and railway equipment. The shares of Escorts in Jhunjhunwala Wealth increased by 16 percent to Rs 149.2 crore due to its shares. Jhunjhunwala holds 76 lakh shares in his portfolio.
The fastest in the share of Indian Hotels
The stock that came in the fastest this month was Indian Hotels. It is a Tata group company. Shares of Indian Hotels rose 21 per cent in November. Its share price rose to Rs 118 from Rs 97 in November. The Jhunjhunwala couple has 1.25 crore equity shares and their wealth increased by 26.3 crore due to the rise in the share price.
Another company of the Tata group is Rallis India. Jhunjhunwala’s wealth increased by 56.1 crore from this company’s stock. He has 2 crore shares in it. Another stock Fortis Healthcare’s 18 per cent rise in share price increased Jhunjhunwala’s wealth by 50 crores. Both have 2 crore equity shares of this company.
Wealth decline due to some stocks
It is not that all the stocks in Jhunjhunwala’s portfolio performed better. His wealth fell by 65.3 crore due to some stock fall. Lupine’s share price plunged by 2.13 per cent this month to dip his 34 crore. Jubilant Life Sciences shares fell 4.1 per cent and Agro Tech Foods by 5.2 per cent.jhunjhun
Source: www.financialexpress.com
