Q2 Shareholding Tweaks: Rakesh Jhunjhunwala cuts stake in Tarc Ltd, MCX in September quarter

Rakesh Jhunjhunwala, the big bull of the Indian stock market, has cut his position in two shares. The ace investor has reduced 1.80 per cent stake in Tarc Ltd and now has below 1 per cent stake in the Multi Commodity Exchange of India Ltd shares.  

As per the latest shareholding pattern available at the Bombay Stock Exchange (BSE), the big bull now only has 4,695,000 stocks worth Rs 20 crore in the real estate company after he downsized position by 1.80 per cent.  

Tarc Ltd, which owns largest land parcels at key locations in Delhi, claims to bring paradigm shift in how the new age urban spaces are created and curated.

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The shares of Tarc Ltd was trading flat at Rs 43.90, down 45 paise or 1.01% in the intraday trade at around 1.30 pm on the Bombay Stock Exchange (BSE). Technical data with Stock Edge shows, a stock market app for analysing shares on NSE and BSE, the shares of the real estate firm has gained nearly 50 per cent at 49.83 per cent in one year.  

Another stock which has seen the 'Indian warrant Buffet' reducing stake is the Multi Commodity Exchange of Indian Ltd (MCX). The Indian billionaire holds below 1 per cent stake in the firm against 4.9% stake in June quarter, as per Trendlyne, a platform for stock market analysis.  

MCX shares were trading flat at Rs 1983.20, a marginal gain of Rs 3.75 or 0.19% on the BSE around 1.40 pm. The stocks of the Multi Commodity Exchange clocked fresh 52-week high of Rs 2134.90 on October 14, 2021.  

Meanwhile, another renowned investor, Radhakishan Damani, has tweaked position in Blue Dart Express Ltd, Mangalam Organics Limited and Metropolis Health Care Ltd. The celebrity investor sold 0.21% stake in Blue Dart Express, added 2.17% in Mangalam Organics and offloaded shares worth 0.22% stake in Metropolis Healthcare.