Rakesh Jhunjhunwala portfolio: Ace investor tweaks shareholding in Tata Motors, Tata Motors DVR; slashes in one and doubles in other

Ace investor Rakesh Jhunjhunwala has tweaked his shareholding in these two Tata Group companies from the auto sector — Tata Motors and Tata Motors DVR. The celebrity has marginally trimmed the stake in the former and has almost doubled his holding in the latter company. 

According to the September shareholding pattern available on the exchanges, Jhunjhunwala has slashed 0.3 per cent stake in Tata Motors to 1.11 per cent (3,67,50,000 equity shares) from 1.14 per cent on a quarter-on-quarter basis. 

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Tata Motors lately has jumped over 76 per cent from its 52-week high of Rs 532.4 per share touched on October 14, 2021. The stock on Wednesday has gained 5 per cent to Rs 510 per share on the BSE intraday and is up over 4 per cent higher minutes before the market close on Thursday. 

The surge in the stock mostly came after the news that the TPG Group arm to invest around Rs 7,500 crore in Tata Motors' new passenger electric vehicle (PEV) entity. Moreover, the overall auto section has been gaining with the semiconductor shortage issue being fading away. 

Similarly, the ace investor has doubled its stake in Tata Motors DVR (Differential Voting Rights) from 3.93 per cent (2,00,00,000 equity shares), the September shareholding pattern available on exchanges revealed. Jhunjhunwala had held a 1.97 per cent stake, as per the June shareholding pattern. 

As the ace investor picks up stakes in the company, the shares of Tata Motors DVR hit an upper circuit of 10 per cent to Rs 255.85 per share, while the stock two days before had hit a new 52-week high of Rs 284 per share on the BSE. 

The counter has gained almost 90 per cent in the last one month on the BSE mostly on the back of investment news in Tata Motors' new PEV entity from TPG group subsidiary. 

According to the September shareholding pattern, Jhunjhunwala has increased stakes in SAIL, Federal Bank, and Titan Company, while he has made a fresh entry in National Aluminium and Canara Bank so far.