Rakesh Jhunjhunwala Investment Mantras: Rakesh Jhunjhunwala holds 1.6 percent stake in Lupine. In the quarter ended March 31, Jhunjhunwala held 72,45,605 shares of Lupine Pharma.
Rakesh Jhunjhunwala is a big name in the stock market. Many investors follow him. (TV9 Gfx: Nilesh)
Big Bull Rakesh Jhunjhunwala Investment: The companies in which the investment of veteran stock trader Rakesh Jhunjhunwala is there, they definitely keep an eye on the small and big investors. He has a big investment in Lupine Pharma Company, whose shares registered a rise of 5 percent on Wednesday. According to ET’s report, this stock is at the highest four-year high of the last four years.
Despite the downfall of the Bombay Stock Exchange (BSE), the shares of Lupin Pharma on Wednesday overtook its 4-year record label by breaking Rs 1,258.70. Let us inform that after May 2017, the shares of Lupin Pharma have reached the level of Rs 1266.35 for the first time. Although these stocks were at their all-time high in October 2015, compared to which they are still being told 40 per cent weaker.
Talking about the trading volume in the shares of Lupin Pharma on Wednesday, it was about 3 times the average trading volume of the last 2 weeks. As of 1:15 pm on Wednesday, more than 52 lakh shares of Lupine Pharma were bought and sold on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Would you like to invest too? Let us know how much stake Rakesh Jhunjhunwala has in this company…
How many shares of Jhunjhunwala in Lupine?
Rakesh Jhunjhunwala holds 1.6 percent stake in Lupine. Rakesh Jhunjhunwala holds 72,45,605 shares of Lupine Pharma in the quarter ended March 31. At present, his shares are being valued at Rs 917 crore. Let us inform that Jhunjhunwala has made the third largest investment in Lupine Pharma after Titan and Tata Motors.
28% growth this year
According to the Economic Times report, so far in the year 2021, Lupine Pharma has performed better in the stock market. Its shares have gained 28 percent. The BSC barometer Sensex has gained 8 per cent in the same period. In just one month, Lupine’s shares have seen a rise of more than 17 percent.
The company had reported total sales of Rs 3841 crore in the quarter ended March, which is about 4.88 percent less than the previous quarter. Lupine’s net profit for the March quarter stood at Rs 460 crore, which is 18 per cent higher than the corresponding quarter last year. In the financial year 2020-21, the company has registered a net profit of Rs 1216 crore.
Jhunjhunwala believes – ‘Acche din will come’
Rakesh Jhunjhunwala believes that India’s growth rate for 2021 will be 10 percent. Regarding the Corona crisis, he said that this pain is immediate, from which the country will recover soon. During a conversation in a TV channel program a week ago, he had said about the present and future of the Indian stock market that despite the new wave of Corona, the market has not declined because the economic reality has not become negative. Due to the pandemic, only sentiment has turned negative which is immediate. In the March quarter, companies are getting excellent results which were not there in the last several years.
There are 3 mantras for investment
Rakesh Jhunjhunwala has told investors 3 mantras for investing, which, if implemented properly, guarantee better returns. He said that I have been following this principle since 1985. They have told that they invest on the principle of ‘3F’. 1st F i.e. Fair Value i.e. the share price is correct. 2nd F means the fundamentals of the company should be strong. And it is important to have good 3rd F i.e. Future Prospect. If these three factors of a company are correct, then understand that it is right for investment.
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