Rakesh Jhunjhunwala and his spouse Rekha Jhunjhunwala hiked their stake in four corporations whereas they added a brand new Tata inventory to their portfolio within the July-September quarter. The massive bull and his spouse didn’t let the over 9% rally in equities go to waste as their purchasing spree targeted on corporations starting from sectors like prescription drugs, building, car, and meals advertising and marketing. Other than his new picks and hiked stakes, in the course of the quarter, Rakesh Jhunjhunwala pocketed over Rs 1,060 crore with out touching his stake in corporations like Titan, Rallis, Crisil, and Fortis Healthcare.
The billionaire traders upped his stake from 66.64 lakh fairness shares in Lupin on the finish of the April-June quarter to 69.45 lakh shares on the finish of the final quarter. The shares of the pharmaceutical firm gained 10.45% in the course of the quarter which helped Jhunjhunwala’s wealth surge by 93.51 crore. At the moment, the inventory is buying and selling over 1% decrease since September 30 at Rs 990.75. Lupin’s shares are buying and selling over 80% greater since their March lows.
Development engineering agency NCC Ltd was additionally on the large bulls radar over the past quarter. To be exact it was on Rekha Jhunjhunwala’s radar. Whereas Rakesh Jhunjhunwala’s stake remained precisely the identical because the earlier quarter, his higher half elevated her stake from 5.82 crore to six.24 crore. Shares of NCC Ltd zoomed 22.3% in the course of the quarter serving to the Jhunjhunwalas pocketed Rs 60.43 crore in income. One other pharma agency that Rekha and Rakesh Jhunjhunwala purchased final quarter was Jubilant Life Sciences. Between July and September, Jhunjhunwalas picked up 10 lakh fairness shares of Jubilant Life Sciences because the inventory elevated 11.20%, translating to a 132.68 crore revenue.
Shares of Agro Tech Foods jumped 32.8% in the course of the quarter serving to Rekha and Rakesh Jhunjhunwala make Rs 69.62 crore. On the finish of the April-June quarter, whole shares held by the couple was over 12.53 lakh whereas on the finish of the final quarter the identical was at 19.53 lakh. On the finish of the quarter, the whole worth of their holding in Agro Tech Meals was Rs 134.7 crore.
The brand new entrant to Rakesh Jhunjhunwala’s portfolio was Tata Motors. The auto large, after having tanked over 68% between January and March this 12 months, has now surged 106% from its March lows. The most recent shareholding knowledge obtainable on the bourses reveals that the ace investor now owns four crore shares of the corporate. On the finish of June this 12 months, shareholding knowledge for Tata Motors didn’t present Jhunjhunwala as a outstanding shareholder. With the inventory gaining 35.67% in the course of the quarter, the price of Rakesh Jhunjhunwala’s holding within the agency stood at Rs 526.80 crore. Tata Motors joins Titan Company Ltd as the opposite Tata Group firm that the large bulls owns.