Rakesh Jhunjhunwala re-enters this auto stock in June quarter; buys over 18 lakh shares

Rakesh Jhunjhunwala net worth: Celebrity investor Rakesh Jhunjhunwala has added one new stock in the quarter ended June 2022. The billionaire investor held this stock until December '21, however, Jhunjhunwala completely exited from the auto company stock in March '22.  

As per the latest shareholdings of Escorts Kubota, a leading tractor manufacturer, the Big Bull of the Indian market bought 1.39% stake or 18,30,388 shares of the company in April-June quarter.  

Fondly Warren Buffet of the Indian stock market, Rakesh Jhunjhunwala held 5.2% stake in the December '21 quarter.  

As per the latest corporate filings, the ace investor holds 33 stocks in the recently concluded quarter. As far as the net worth of these stocks is concerned, stock market analysis platform trendlyne.com pegs it at a little over Rs 29,155.6 crore as on July 20.  

At around 9.50 am, shares of Escorts Kubota was trading marginally lower by Rs 7.75 to Rs 1748.50 per share on the BSE.  

Escorts Kubota stock has given a return of nearly 50% in the past one year as on July 20, while the counter's 10-year return comes at more than 2500%. In the past one month, the counter has risen by over 17%. The auto stock surged to 52-week high of Rs 1,930 on April 5 this year.  

About Escorts Kubota 

Earlier, leading tractor and farm machinery manufacturer Escorts Limited was allowed to rebrand itself as “Escorts Kubota Limited.” It was informed by the company in a regulatory filing June 9, 2022.  

The development came after Japanese firm Kubota raised its equity stake in Escorts to 44.8%.  

"With reference to our earlier communication on 18th November 2021, Escorts Limited (“Escorts” or “Company”) has received requisite approvals for the name change of the Company from “Escorts Limited” to “Escorts Kubota Limited” with effect from June 9, 2022," a statement from the company had said.