Multibagger Stock: This Rakesh Jhunjhunwala's portfolio share surged over 200%

Ace investor Rakesh Jhunjhunwala, who invests under both his name and wife Rekha Jhunjhunwala, holds 39 stocks publicly under Rakesh Jhunjhunwala and Associates. One of these stocks has surged over 200 per cent in 2021.

The shares of Tata Motors DVR, in which the Indian billionaire investor holds 3.93 per cent stake as per share holding patterns of the company for quarter ended September 2021, have surged more than 210 per cent this year.

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Jhunjhunwala has apparently increased stake in the Tata company by from 1.97% in June quarter to 3.93% in September 2021, as per Stocks Edge, an app to analyse NSE and BSE data.  

As per technical details, shares of this company rose 24% in three months, 51% in six months and over 210 per cent in one year as on December 31, 2021.  

At around 11.45 am on Friday, Tata Motors Ltd stocks were trading with gains of over 1.5 per cent to Rs 235.25 per share on the BSE.

The shares of this Tata company traded on 52-week high of Rs 298.50 on November 17, while they touched the year low figure of Rs 74.15 exactly one-year ago on December 31, 2020.

As per shareholding patterns of this company, majority of the stake of the company is with public. Promoters holding in the company is just 7.24% and public holds 92.76% stake of Tata Motors DVR as per September shareholding data.

Earlier, in December, the company in a filing to the exchanges had said that Tata Motors Limited ('the Company') has incorporated a wholly owned subsidiary, viz., Tata Passenger Electric Mobility Limited. “The Ministry of Corporate Affairs, Government of India has issued the Certificate of Incorporation on December 21, 2021,” it said.