The stock Bilcare included in Rakesh Jhunjhunwala’s portfolio touched the upper circuit of Rs 87.90 in intraday trading on Wednesday. Its shares saw a lot of growth only after the company released the results on November 11. The stock closed at Rs 119.25 on July 23, 2022. This was its 52-week high. At the same time, on 22 December, it came down to a very low level of 38.55. This was its 52-week low. This stock has given returns of 250 per cent to the investors during the last two years.
Big Bull holds 8.5 percent stake in the company
According to the September data, Rakesh Jhunjhunwala has 1,997,925 shares of this company. Big Bull has a stake of 8.5 percent in it. Jhunjhunwala has a holding in it since the June quarter. According to the market price of 17 September 2021, the total value of these shares is more than Rs 17 crore. Bilcare Ltd manufactures barrel film used in the packaging of specialty medicines.
There is no change in this shareholding pattern.Bilcare Ltd declared its September quarter results on November 11, according to which the company has achieved an income of Rs 205.14 crore in the second quarter, while its total income in the June quarter was Rs 181.69 crore. The company has achieved a net profit of Rs 22.40 crore. It was Rs 15.28 crore in the June quarter.
Jhunjhunwala Portfolio: Rakesh Jhunjhunwala is bullish on this multibagger stock, book profit if you have or stay on?
What does the company do?
Bilcare Ltd. manufactures barrier films used in the packaging of specialty drugs. The company is also involved in research. It also manufactures clinical services, packaging systems and materials. Shares of many companies holding Rakesh Jhunjhunwala have proved to be multibagger. One of them is Indiabulls Real Estate. Indiabulls Real Estate has been one of the multibagger stocks of 2021.
Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.