Tata Group Multibagger Stock: Rakesh Jhunjhunwala offloads 30 lakh shares; LIC India adds over 69 lakh shares - Know all details

Rakesh Jhunjhunwala Portfolio 2022: Big Bull of the Indian market, Rakesh Jhunjhunwala sold as many as 30 lakh shares of a Tata Group company in the April-June quarter. The celebrity investor slashed his stake in this auto major company by 0.09 in the recently concluded.  

As per the latest corporate filings, the investor reduced his stake in Tata Motors from 1.18% or 3,92,50,000 shares of the home-grown auto company in March '22 to 3,62,50,000 shares (1.09%) of Tata Motors in the June quarter. This brought down Jhunjhunwala's number of shares by 30,00000 in the April-June quarter, showed BSE shareholding filings of Tata Motors. 

Meanwhile, the shareholding pattern of the company showed that insurance major Life Insurance Corporation bought additional 69.27 lakh shares of Tata Motors.  

Apparently, the LIC held 15,77,82,041 shares of 4.75% stake in Tata Motors between January-March quarter, however, the insurance giant raised its to 4.96%, translating into 16,47,09,306 shares of the Tata Group company. There was a total addition of 69,27265 equity shares of Tata Motors in LIC's portfolio in the quarter ended June 2022. 

Rakesh Jhunjhunwala stocks in June quarter

Celebrity investor Rakesh Jhunjhunwala holds as many as 33 stocks in the quarter ended June. The net worth of these stsock is estimated to be over Rs 29,069 crore by stock analysis platform trendlyne.com 

A multibagger stock 

Shares of Tata Motors ended flat with marginal cut of half per cent to Rs 448.95 per share on the BSE. A closer look at technical data of Tata Motors reveals that the auto counter has yielded a positive return of 45.3% in the past one year as on July 19 despite a weak market. However, if we compare the current price from two years ago, Tata Motors has given a multibagger return of 322% as on July 19. Tata Motors traded on 52-week high value of Rs 536.50 per share on November 17, 2021, and it touched a year-low of Rs 268.50 on Augst 24 last year.