Rakesh Jhunjhunwala Portfolio: Big Bull bought this share in December quarter; check how much growth it registered

Rakesh Jhunjhunwala Portfolio: Amid stock market rallying at a rapid speed and scaling new highs, Rakesh Jhunjhunwala net worth has also gone up in the same direction. Those who follow Jhunjhunwala, would know that he booked profit in five stocks during October to December 2020 quarter, while five new stocks made an entry into his portfolio. Indiabulls Real Estate share is one of such new entrant in Rakesh Jhunjhunwala portfolio of shares.

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Rakesh Jhunjhunwala net worth in Indiabulls Real Estate

During October to December 2020 quarter, Rakesh Jhunjhunwala bought 50 lakh Indiabulls Real Estate shares, which is available with the BSE in company's share holding declaration. These 50 lakh stocks are 1.10 per cent of the net Indiabulls Real Estate shares.

Rakesh Jhunjhunwala impact on Indiabulls Real Estate share price history

Being with a winner makes you a winner — a proverb that holds well about Indiabulls Real Estate share price. If we go by Indiabulls Real Estate history, Indiabulls Real Estate share price had a closing of Rs 51.25 per stock levels on 30th September 2020. When news about Big Bull buying Indiabulls Real Estate shares broke out, the price started appreciating, even boosting it to its quarterly closing high of Rs 82.20 on 31st December 2020 — logging 60.39 per cent growth in three months.

Post-budget rally in Indiabulls Real Estate shares

As majority of the Rakesh Jhunjhunwala portfolio shares rallied northward after the presentation of the Union Budget 2021, Indiabulls Real Estate share too joined the party. On 29th January 2021 — last trade session before Budget 2021 — Indiabulls Real Estate shares had closed at Rs 74.45. From this level, Indiabulls Real Estate stock price went up at Rs 86.30 levels on 9th February — logging around 15.9 per cent rise in such a small period. Indiabulls Real Estate had a closing price of Rs 81.60 on 19th February 2021.

Therefore, for those who want to gauge the Jhunjhunwala impact on Indiabulls Real Estate share price post entry in the Big Bull's portfolio, one can say that the real estate company stock rose from Rs 51.25 per stock levels to Rs 81.60 levels — an appreciation of around 59 per cent.