Rakesh Jhunjhunwala portfolio: Rakesh Jhunjhunwala has reduced his stake to less than 1 per cent in three of the five companies.
Two of the five shares belong to the Tata group.
The results of the March quarter have started coming. Meanwhile, the country’s leading investor Rakesh Jhunjhunwala has reduced his investment in five companies in this quarter. Experts say that Jhunjhunwala has booked profit in Titan while reducing the stake in four other stocks. If Jhunjhunwala has reduced the stake in a company, then it is important for retail investors to seriously consider it if they invest in these companies. Seek the help of experts and look at your position.
Of the five stocks being discussed, the Tata group has two shares. The first was Titan and Tata Communications. Apart from this, he has reduced his stake in Indiabulls Real Estate, ION Exchange (India) Limited and Firstsource Solutions to less than 1 per cent. Taking note of the shareholding pattern of these five companies, Jhunjhunwala Couples has reduced its stake from 5.32 per cent to 5.06 per cent in this quarter. In December 2020, Rakesh Jhunjhunwala had a 4.23 per cent stake in the company and Rekha Jhunjhunwala had a 1.09 per cent stake. The stock has fallen 2.56 per cent in a week, 1.73 per cent in a month and 1.33 per cent in 3 months. It has given 64 percent return in 1 year.
Tata Communications stock performance
Rakesh Jhunjhunwala’s stake in Tata Communications was 1.12 per cent in the December quarter, which has come down to 1.04 per cent in the quarter. Its stock closed at Rs 1157 on Monday. This stock has given a return of 4.2 per cent in a week, 3.5 per cent in a month, 12.25 per cent in three months, 212 per cent in a year.
Ion Exchange Share Performance
Ion Exchange (India) Ltd. In the December quarter, Rakesh Jhunjhunwala had a 5.29 per cent stake in which his wife Rekha had a 1.35 per cent stake. Now their share has come down to 1 per cent. Today the stock of this company closed at the level of Rs 1242. This company has given 23 percent in three months, 92 percent in one year.
Indiabulls and Firstsource Solutions
Jhunjhunwala had a 1.10 per cent stake in Indiabulls Real Estate and 1.29 per cent stake in Firstsource Solutions in the December quarter. Now it has come down to 1 percent. Indiabulls shares closed at Rs 82 today. The stock has gained 11 per cent in a week. It has given 32 per cent returns in one year and 6 per cent in three months. The stock of Firstsource Solutions closed at Rs 114 today. This stock has given a return of 7 per cent in a month, 24 per cent in three months and 240 per cent in a year.
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