This Rakesh Jhunjhunwala-backed company stock gave 115% return in 1 year but ace investor cuts stake

Ace investor Rakesh Jhunjhunwala has made some tweaks in his portfolio for the quarter ended December 31, 2021. As per the latest corporate filings, the Indian billionaire has cut down his stake in Tarc limited to below 1 per cent in December 2021.  

As per September 2021 shareholding pattern of this realty space company, the Big Bull of the Indian stock market held 1.59% stake totaling to 46,95,000 shares.  

At 12.30 pm on Monday, Tarc shares traded with 2 per cent or RS 1 gain to Rs 51.95 per share on the BSE. The shares of Tarc Limited has surged over 115.80% as on January 10, 2021, in the last one year.  

See Zee Business Live TV Streaming Below:

Earlier, the ace investor has maintained status quo in three stocks in his portfolio. Jhunjhunwala has stayed put in Escorts, Canara Bank, and Bilcare Ltd.   

– are the three stocks, in which Rakesh Jhunjhunwala, who is also termed as the Big Bull of the Indian stock market, kept his stake unchanged during the October-December 2021 quarter.  

Celebrity investor holds 64,00,000 equity shares in Escorts, 2,90,97,400 shares in Canara Bank and 19,97,925 equity shares in Bilcare Ltd as per the shareholding patterns of these companies on the BSE. This accounts for 5.2 per cent stake in Escorts, 1.6 per cent in Canara Bank and 8.5 per cent stake in Bilcare.  

As per the latest corporate shareholdings filed, Rakesh Jhunjhunwala and Associates publicly holds 38 stocks with a net worth of over Rs. 25,235.4 crore as on January 10, showed data with Trendlyne.