Latest News
-
1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved -
Results, Dividend, Fundraise On April24: Buy Top Bank Stock Amid Rich Valuation, TP Rs 1400: Nomura -
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible?
Rakesh Jhunjhunwala Adds Rs. 663 Crore From Gains In 5 Stocks In 9 Days Since Budget
There have been massive gains of over 9% during the last week on the benchmark indices after the Budget 2021 proposals were made by Finance Minsiter Nirmala Sitharaman in her third Budget for the current government. And while, Tuesday and Wednesday saw indices end marginally lower, rally was triggered in today's session as well with Nifty ending above 15150 led by gains in RIL, metal and FMCG pack.
And this continued rally helped big bull Rakesh Jhunjhunwala pocket gains to the tune of Rs. 663 crore in just over 7 trading sessions from 5 stocks that he holds in his investment portfolio. Note the calculation is based considering his holding or shareholding pattern in the scrip as in the third quarter of FY21.
Here are listed the 5 stocks held by ace investor Rakesh Jhunjhunwala which helped him aggregate such phenomenal gains:
1. Nagarjuna Construction Company or NCC: This had been the most profitable scrip. In it, the big bull has ownership of 12.84 percent as at the end of the December ended quarter. And the stock price of the company has gained 57%. And just before the budget day, the holding of Jhunjhunwala in the scrip was worth Rs. 461 crore but this has now turned to Rs. 722 crore, making him earn a substantial Rs. 260 crore from the gains in the counter.
2. Tata Motors: This is the latest addition to Jhunjhunwala's portfolio and the second most profitable with a surge of 25 percent since the Budget day. And his holding of 4 crore shares after the Budget day surge has become Rs. 1310 crore as against its value of Rs. 1050 crore just a day before the Budget, translating to gains of Rs. 260 crore.
3. Karur Vysya Bank: As at the close of the second quarter, Jhunjhunwala held 3.59 crore equity shares in the private sector lender. And the scrip since the Budget day has galloped by 32%, making him rake in a sum of Rs. 48.57 crore.
4. Federal Bank: Shares of Federal Bank have also escalated in value from Rs. 72.4 as on January 31, 2021 to Rs. 83.40. So, his holding in the stock has gone higher by more than Rs. 51 crore.
5. Aptech: His 23 percent holding after 25% surge in the scrip since the Budget has led to him pocketing capital appreciation of Rs. 43 crore.
GoodReturns.in
