Rakesh Jhunjhunwala stocks: This counter soars 68 pct after Budget 2021! Check Big Bull's money making strategy

Rakesh Jhunjhunwala stocks: NCC is one of the portfolio stocks of Big Bull Rakesh Jhunjhunwala and wife Rekha Jhunjhunwala. Notably, it is one of those stocks that witnessed a sharp upside move post-Union Budget 2021. The NCC share price had a closing price of Rs 58.95 on 29th January 2021, which was the day before Budget 2021 presentation. NCC share price closed at Rs 67.05 on 1st February — up by more than 13 per cent - the day when the budget was presented by FM Nirmala Sitharaman. NCC stock price had a closing of Rs 99.55 per stock levels on 8th September 2021. Currently, NCC share price is trading at Rs 95.35!

Rakesh Jhunjhunwala, Rekha Jhunjhunwala shareholding in NCC

According to the NCC shareholding pattern for December 2020 available with the BSE, Rakesh Jhunjhunwala has 10.94 per cent shares of NCC — which is 0.70 per cent higher than his shareholding in the same company stocks in the September ended quarter. During this period, Jhunjhunwala bought 42,75,000 more NCC shares because he had 6,24,58,266 shares in the September ended quarter. It has gone up to 6,67,33,266 in the December 2020 quarter. 

Interestingly, Rakesh Jhunjhunwala increased his number of NCC shares in his portfolio in the June quarter too as the ace Indian investor had 9.55 per cent of the net NCC shares in the June 2020 quarter. So, Rakesh Jhunjhunwala has been increasing the number of NCC shares in his portfolio since the beginning of FY 2020-21.

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However, Rekha Jhunjhunwala has kept her number of NCC shares in her portfolio at 1.90 per cent.

So, if we look at the Rakesh Jhunjhunwala strategy in regard to the NCC shares, it's evident that Big Bull accumulated this quality stock when the market was getting hit by the COVID-19 pandemic. He started raising shareholding in NCC shares when the market started showcasing a rebound after the COVID selloff.

Admirably called Warren Buffett of India, Rakesh Jhunjhunwala not only makes money when people are busy saving their money, he also makes it look simple. In the case of NCC share price, he has just done the same by remaining invested and in fact, raising his exposure to it.