Rakesh Jhunjhunwala adds this real estate stock to his portfolio in September quarter

Ace investor Rakesh Jhunjhunwala has made fresh entry into Indiabulls Real Estate Ltd, the latest shareholding pattern of the company with the Bombay Stock Exchange (BSE) Showed.

The big bull of the Indian share market has bought 5,000,000 crore shares worth Rs 82.6 crore accounting for 1.1 per cent stake in the real estate firm, showed Trendlyne data on Friday.  

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Over 200% return in 1 year

The shares of this real estate company have surged over 200 per cent in one year period. As per technical data with the Stock Edge, an app to analyse BSE and NSE data, the share soared 213.53% as on October 22, 2021.    

Meanwhile, after gaining marginally to Rs 168 in the early morning intraday trade on the BSE, Indiabulls Real Estate shares were trading almost flat at Rs161.10, a gain of Rs 1.25 around 12.30 pm. The shares of the real estate company hit a 52-week high of Rs 186 on October 18 and declined to year low of Rs 46.35 in November 4 last year.  

Other Tweaks

Besides, the billionaire has also tweaked his shareholding in 5 other shares. Jhunjhunwala bought shares of National Aluminium Company Ltd (NALCO) and Canara Bank. He also upped his stake in three stocks —Federal Bank, Steel Authority of India Limited (SAIL) and Titan Company Limited, showed BSE shareholding data on Thursday.  
Rakesh Jhunjhunwala who invest both under his name and his wife's hold 39 stocks with a net worth of over Rs 24,388.6 crore, said Trendlyne, citing the latest corporate shareholdings filing of the investor.  

Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala's portfolio shows the billionaire's wife too has added Jubilant Pharmova and Federal bank shares in the quarter ended September. She has 3.2% and 1.0 per cent stakes respectively in the two companies.  

About the company

Indiabulls Real Estate claims to be one of the largest real estate companies in India with presence in both commercial and residential real estate development.  "The company has delivered in excess of 13.4 million sq ft of developed space. Its development portfolio accounts for ₹ 28,857 cr. of sales value. furthermore, the company has an office rental portfolio of 4.9 mn. sq ft. and a JV portfolio of 4.1 mn sq ft office space," read the company's information on its portal