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    Home » Jhunjhunwala increases his stake in four companies, adds a new stock to the portfolio
    Money

    Jhunjhunwala increases his stake in four companies, adds a new stock to the portfolio

    ShehnazBy ShehnazOctober 24, 2020Updated:October 24, 2020No Comments
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    View technology: India's first gaming tech company to launch IPO, Rakesh Jhunjhunwala has invested
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    Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala increased their stake in four companies in the July-September quarter while adding new stock to Tata Motors in their portfolio. Rakesh Jhunjhunwala and his wife have not allowed more than 9 per cent investment in equities to be wasted and their main focus is on the pharma, construction automobile and food marketing sectors. Talking about the July to September quarter, Rakesh Jhunjhunwala has a profit of 1060 crores in this quarter. This excludes his holdings in Titan, Rallis, Crisil and Fortis Healthcare.

    Lupine gave a profit of 93.51 crores

    Jhunjhunwala had increased his stake in Lupine from 66.64 lakh equity shares to 69.45 lakh shares in the April-June quarter. The share price of this pharma company increased by 10.45 percent, resulting in an increase of 93.51 crore in Jhunjhunwala’s assets. At present, this stock is trading down 1 percent since September 30 at the price of 990.75. However, Lupine shares are above 80 per cent from their low levels in March.

    Damani buys 6.95 lakh shares of Cochin Shipyard, Jhunjhunwala bets on Va Tech Wabag

    Rekha Jhunjhunwala increased her stake, increased profits

    Construction engineering company NCC Ltd was also in Jhunjhunwala’s portfolio in the last quarter. However, the attitude of both the husband and wife was different for this stock. Rakesh Jhunjhunwala did not change his stake in NCC in the last quarter while his wife Rekha Jhunjhunwala increased his stake from 5.82 crores to 6.24 crores. After this, a 22.3 per cent increase in NCC Ltd’s share gave him a profit of 60.43 crores.

    132.68 crore profit from forma company

    Another forma company is Jubilant Life Sciences in which Rekha and Rakesh Jhunjhunwala bought stakes. Between July and September, both of them took 1 million equity shares in this forma company and with a jump of 11.20 percent in its share price, they made a profit of 132.68 crore.

    Increased holdings in Agrotech Foods

    In the September quarter, shares of Agrotech Foods gained 32.8 percent and gave a profit of 69.62 crore to Rekha and Rakesh Jhunjhunwala. Both held 12.53 lakh shares of this company in the April-June quarter, while they had 19.53 lakh shares at the end of the September quarter. His total holdings in Agro Tech Foods reached 134.7 million at the end of the September quarter.

    Rakesh Jhunjhunwala increases stake in Agrotech Food, Lupine; Tata Motors also included in the portfolio

    New stock added to portfolio

    Tata Motors now has a new stock in Rakesh Jhunjhunwala’s portfolio. The share price of Tata Motors declined by 68 per cent between January and March. After this, it now has an increase of 106 percent as compared to the low level in March. Jhunjhunwala currently holds 4 crore shares with this company. Jhunjhunwala’s holding in Tata Motors has increased to Rs 526.80 crore due to the increase in Tata stock.

    Source: www.financialexpress.com

    #Jhunjhunwala #increases #stake #companies #adds #stock #portfolio

    agrotech jhunjhunwala jhunjhunwala sharee portfolio jhunjhuwala portfolio jhunjhuwala share profit jhunjhuwala share tips lupin nor Rakesh Jhunjhunwala rekha jhunjhunwala Tata Motors
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    Shehnaz
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    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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