Big Bull Rakesh Jhunjhunwala has re-entered Indiabulls shares. Rakesh Jhunjhunwala’s stake in Indiabulls Real Estate has now increased to 1.1 percent. Earlier his name was not in the list of investors. That is, he had reduced his stake in it from less than 1 percent to less. Companies do not disclose the names of investors holding less than one per cent stake in their regulatory filings. Rakesh Jhunjhunwala held 50 lakh shares of Indiabulls in September.
Jhunjhunwala had reduced stake in MCX, Lupine and Fortis Healthcare
Jhunjhunwala had reduced his stake in shares of some companies in the June quarter. These include MCX, Lupine and Fortis Healthcare. On the other hand, Escorts retained its stake in Nazara Technologies, Autoline Industries, Man Infraconstruction, TV18 Broadcast, NCC, Orient Cement, Prakash Industries, Bilcare, DB Realty and Jubilant Farmova. Jhunjhunwala had 1.6 percent stake in the pharma sector company Lupine. He had 72.45 lakh shares of the company. But now he has reduced his stake in it to less than one percent. In August, he bought another 2.5 million shares of Jubilant Pharmova. After this, its shares registered a gain of 4 percent.
Jhunjhunwala Portfolio: Strong performance of new stocks included in Jhunjhunwala’s portfolio, earning 111 crores from just two stocks
Big earnings in these shares
The recent addition of two PSU stocks in Jhunjhunwala’s portfolio has earned him huge gains. In the same month, he has earned Rs 111 crore on the investment made in these two stocks. Jhunjhunwala had bought stake in Canara Bank through Qualified Institutional Placement (QIP) in the last quarter. Apart from this, Jhunjhunwala had also bought shares of National Aluminum Company Limited (NALCO). So far this month, their prices have increased by 12-20 percent. Jhunjhunwala has made a profit of about Rs 111 crore in just 20 days due to the rise in the prices of these two stocks.
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