MULTIBAGGER STOCK: This Rakesh Jhunjhunwala portfolio share has delivered 122% returns after May 2020 low

MULTIBAGGER STOCK: Federal Bank shares are one of the most watched Rakesh Jhunbjhunwala portfolio stocks. As per the BSE data, Federal Bank share price has rallied more than 122 per cent after making its May low of Rs 37.35. Federal Bank shares closed at Rs 37.35 on 22nd May 2020 when the stock market was hit due to the COVID-19 pandemic spread. However, after the stock market rebound, this banking stock witnessed a sharp rally and hit its Post-COVID high of Rs 85.55 on 4th February 2021. On 9th February 2021, Federal Bank share price had closed at Rs 83.00 — giving around 122 per cent rise since its May 2020 low.

How Rakesh Jhunjhunwala made money from Federal Bank shares

As per the data available with the BSE, Big Bull Rakesh Jhunjhunwala had 3.08 per cent of the net Federal Bank shares in the March 2020 ended quarter. This percentage rose to 3.18 per cent by the end of June 2020 quarter. Means, when the market was hit badly and the Federal Bank shares were on the downside trend, Big Bull was busy accumulating more shares of the company at lower rates.

In July to September quarter, Rakesh Jhunjhunwala's net share in Federal Bank went down to 2.71 per cent means when the Federal Bank shares were going northward in August 2020, Rakesh Jhunjhunwala booked profit in Federal Bank and his Federal Bank share percentage went down at 2.71 per cent.

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In the October to December quarter too, Rakesh Jhunjhunwala booked profit as the Federal Bank share price continued to go upward and hit its post-COVID high of Rs 85.55 per stock levels. As per the Federal Bank shareholding pattern filed at the BSE Rakesh Jhunjhunwala's total number of Federal Bank shares went down to 2.4 per cent.

This money making strategy of Rakesh Jhunwala portfolio stock indicates that one should book profit from time to time rather than become greedy when there is a rally in one's portfolio stocks. Jhunjhunwala's strategy in Federal Bank shares in the last one year indicates that big dips are a good buying opportunity rather than getting panic from it.