Rakesh Jhunjhunwalas these 53% holdings give 5-12% returns in 1 day; do you own any?
Although, almost every stock that Jhunjhunwala holds saw buying sentiments from investors front, however, there was a list of 10 stocks which gave return ranging from nearly 5% to 12% in just 1 day.
More than half of Rakesh Jhunjhunwala’s portfolio made the big bull heavily rich. Although, almost every stock that Jhunjhunwala holds saw buying sentiments from investors front, however, there was a list of 10 stocks which gave return ranging from nearly 5% to 12% in just 1 day. These 10 stocks alone accounted for over 53% of Jhunjhunwala’s portfolio. They are - Edelweiss Financial Services, NCC, Jaiprakash Associates, Orient Cement, Multi Commodity Exchange (MCX), Bilcare, Firstsource Solution, Autoline Industries, Geojit Financial Services and Escorts. If you own any of these stocks on exchanges, then just like Jhunjhunwala you have become richer on Tuesday’s trading session.
To begin with, it was interesting Jaiprakash Associates where Jhunjhunwala gained most in percentage terms. The company has jumped by nearly 12% with an intraday high of Rs 6.95 per piece on BSE. However, at around 1435 hours, the company was trading at Rs 6.77 per piece up by 9.02% on the index. Here, Jhunjhunwala holds 1.13% stake with 27,500,000 equity shares.
Secondly, it was Edelweiss Financial which jumped over 11% by touching an intraday high of Rs 155.7 per piece on exchanges. Currently, it was trading at Rs 155 per piece up by Rs 15.25 or 10.91% on BSE. Here, Jhunjhunwala holds about 1.07% stake with 10,000,000 equity shares worth Rs 139 crore.
Going forward, Orient Cement and NCC surged by over 10.21% and 9.97% on the index, with intraday high of Rs 82 per piece and Rs 98.1 per piece respectively. Currently, Orient is trading at Rs 80 per piece up by 7.53%; whereas NCC was performing at 97.65 per piece higher by 9.47%.
While Jhunjhunwala holds about 1.25% stake in Orient with 2,500,000 equity shares worth Rs 18.7 crore; he interestingly, has increased his stake in NCC during Q3FY19 period. In NCC, the ace investor increased his stake by another 1.33%, taking his overall holding at 10.78% with 64,708,266 equity shares valuing up to Rs 578.8 crore.
Meanwhile, stocks like MCX, Bilcare, Autoline and Firstsource Solutions rose by 7.50%, 7.46%, 7.14% and 6.37%, after they clocked an intraday high of Rs 728.05 per piece, Rs 28.8 per piece, Rs 57 per piece and Rs 47.6 per piece respectively.
Jhunjhunwala in MCX has about 3.9% stake with 2,000,000 equity shares worth Rs 136.1 crore. Whereas he holds 8.48% stake in Bilcare with 1,997,925 shares worth Rs 5.2 crore; 7.88% or 1,751,233 shares in Autoline worth Rs 9.3 crore and 2.89% or 20,000,000 shares in Firstsource worth Rs 89.4 crore.
Apart from this, Geojit Financials and Escorts also saw increase of nearly 6% each in their market price, with intraday high of Rs 38.45 per piece and Rs 708.9 per piece. The Dalal Street king has 18,037,500 shares or 7.57% stake in Geojit aggregating to Rs 64.8 crore, while he holds 10,000,000 shares or 8.16% in Escorts worth valuing to Rs 673.4 crore.
Other stocks which gained were Delta Corp, TV18 Broadcast, Karur Vysya Bank, Prozone Intu, Federal Bank, DHFL, DB Realty, Aptech, VIP Industries, SpiceJet, The Mandhana Retail, Titan Company and CRISIL Ltd between 0.50% to 5% respectively.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.