Rakesh Jhunjhunwala ups stakes in SAIL, Federal Bank & Titan, adds two more stocks to his portfolio - Check details here
Rakesh Jhunjhunwala has made some tweaks in his portfolio for the quarter ended September 30, 2021.
Rakesh Jhunjhunwala has made some tweaks in his portfolio for the quarter ended September 30, 2021. He made changes or took fresh positions in at least five shares in the current quarter. The big bull of the Indian market has made a fresh entry in two government owned entities—National Aluminium Company Ltd (NALCO) and Canara Bank. He has also enhanced stake in three stocks, showed the latest corporate holding data. The three shares that saw the Indian billionaire increasing his position are—Federal Bank, Steel Authority of India Limited (SAIL) and Titan Company Limited.
As per Trendlyne, a platform to analyse stock market data, the fresh corporate holding of Jhunjhunwala shows the investor adding shares of Aluminium Company. He has bought 29,097,400 shares of the metal stock worth Rs 569.3 crore, aggregating up to 1.6 per cent stake as on October 21, 2021, showed the data with Trendlyne.
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The celebrity investor also took fresh position of 29,097,400 shares or 1.6 per cent stake in Canara Bank worth Rs 569.3 crore as on October 21, showed the same data.
Furthermore, he has upped stake in Federal Bank, SAIL and Titan by 0.9 per cent, 0.4 per cent and 0.1 % respectively.
With this addition, the Indian billionaire now has 3.7% stake in Federal Bank worth Rs 714.0 core comprising 75,721,060 shares till October 21, shows Trendlyne.
Similarly, he holds 72,500,000 shares of SAIL in the September quarter. He has a total of 1.8% in the metal shares, aggregating to Rs 875.8 crore, as against 1.4% in June 2021, shows the data.
Besides, he now also now possesses 43,300,970 shares of his favourite company—Titan, in which he increased stake by 0.1 per cent to 4.9 per cent. As per the data, the ace investor has 43,300,970 shares worth Rs 10,396.3 crore of manufacturer of jewellery and luxury products.
How these shares fared in one year?
In one of the two shares in which Jhunjhunwala took fresh positions has surged over 250% till date in one year. National Aluminium Company Ltd (NALCO) shares soared 257.31% in the last one year, while Canara Bank surged 123.31%, showed technical data with Stock Edge, an app for analysing stocks on NSE and BSE. Federal Bank gave a return of 70.53%, Titan 92.89% and SAIL 238.45% YTD.
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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