Ace investor Rakesh Jhunjhunwala has picked up additional stakes in this Tata Group multibagger stock – Tata Motors, the December-end quarter shareholding pattern of the company revealed. 

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Jhunjhunwala has picked up 0.07 per cent extra stakes, taking the total holding to 1.18 per cent, that comes to 3,92,50,000 equity shares in Tata Motors, as per the latest shareholding pattern available of the BSE.

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During September quarter, the renowned investor had around 1.11 per cent stake in the auto major, which aggregates to about 3,67,50,000 equity shares in the company. 

Rakesh Jhunjhunwala, who is also known as the Big Bull of Indian stock market, along with his wife Rekha Jhunjhunwala and other Associates publicly holds around 38 stocks with a net worth of over Rs 34,414.7 crore, as per the stock analysis website Trendlyne. 

This is the second Tata Group company that Rakesh Jhunjhunwala has raised his stake, as last week, the investor had bought 0.22 per cent extra stakes in Titan Company, taking the total holding to about 5.1 per cent (45,250,970 equity shares) in the jewellery firm, as per the latest shareholding. 

Tata Motors, an index heavyweight, had been a top gainer in the calendar year 2021, giving over 150 per cent returns, of all 50 stocks on Nifty. The stock on Tuesday closed almost 3 per cent lower to Rs 510.95 per share on the BSE, as compared to 0.90 per cent fall in the S&P BSE Sensex. 

Reporting a stark third quarter update of Jaguar and Land Rover sales, the auto heavyweight mentioned that company continued to be constrained due to semiconductor chid shortages. 

"Looking ahead, the chip shortage remains dynamic and difficult to forecast, however, we expect supply to continue to improve in Q4 of the fiscal year ending 31 March 2022," Tata Motors had said in a filing to exchanges last week.