Big Bull Rakesh Jhunjhunwala has recently increased stake in metal stocks. Jhunjhunwala recently increased his stake in NALCO and steel maker SAIL. Both the stocks have given 200 per cent returns in the last one year. In September, Rakesh Jhunjhunwala increased his stake in NALCO. NALCO and SAIL, both are public companies and have a strong presence in the metal sector.
NSE Metal Index gave a return of 146 per cent in one year
Jhunjhunwala has increased his stake in NALCO to 1.6 per cent. He has 29,097,400 shares of this company, whose total value is Rs 569.3 crore. The stock has gained 257 per cent in the last one year. He has taken a fresh position in it. The Nifty Metal Index has gained 150 per cent in the last one year. In terms of returns, this index has been on top of the NSE till October 21, 2021. It has given a return of 146.4 per cent. On October 20, this stock had reached Rs 124.75. This was the top level of 52 weeks in this stock. However, later it declined and now it is trading at Rs 101.
Jhunjhunwala Portfolio: Rakesh Jhunjhunwala is bullish on this multibagger stock, book profit if you have or stay on?
Jhunjhunwala raises stake in Canara, Federal Bank and Titan
Rakesh Jhunjhunwala has also increased stake in the public sector steel company SAIL. In fact, due to the rapid increase in commodity prices across the world, metal stocks are showing a jump. This is the reason why the shares of these companies holding Jhunjhunwala are benefiting. India’s Warren Buffett raised stake in NALCO and in September. Apart from this, he has increased his stake in Canara Bank, Federal Bank and Titan Company of Tata Group in the September quarter.
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