Rakesh Jhunjhunwala, the inventory market veteran also referred to as the large bull, is adopted by many traders. Who can overlook his key investments in corporations like Titan, which additionally helped him grow to be a billionaire.
However, within the March quarter, Jhunjhunwala diminished in a number of corporations, together with Titan Company. Here’s an inventory of all the businesses, whose stocks have been offered by Jhunjhunwala within the March quarter:
Titan Company
Jhunjhunwala trimmed his funding in Titan within the March quarter by promoting 22.5 lakh shares of the patron model. The stake of Jhunjhunwala and his spouse Rekha Jhunjhunwala in Titan was diminished to five.06% in March 2021, as in comparison with 5.32% in December 2020. Titan’s inventory took successful on the information.
Tata Communications
Rekha Jhunjhunwala offered 2.5 lakh shares in Tata Communications within the March quarter, lowering her shareholding from 1.12% in December 2020 to 1.04% in March 2021. In the previous six months, the inventory has supplied a 9% return and elevated by a whopping 169% within the final one 12 months.
VIP Industries
Rekha Jhunjhunwala’s shareholding in VIP Industries has diminished to 2.32% in March 2021 from 5.32% within the December 2020 quarter. Meanwhile, by means of two accounts, Rakesh Jhunjhunwala owned 22.85 lakh shares and 52.15 lakh shares of VIP Industries, till the December filings.
ION Exchange
Jhunjhunwala offered slightly over 1.5 lakh shares of ION Exchange within the March 2021 quarter. In the December quarter, he held 7.75 lakh shares or a 5.29% stake within the water and atmosphere administration agency. Also, Jhunjhunwala-backed agency Rare Investments offered the three.87 lakh shares of ION Exchange.
Indiabulls Real Estate
Jhunjhunwala, who purchased a 1.09% stake in Indiabulls Real Estate in November 2020, trimmed his to beneath 1%. In the previous six months, the inventory has supplied over 63% returns and has elevated by over 65%.
Firstsource Solutions
Jhunjhunwala’s stake in Firstsource Solutions has dipped beneath 1%. In September 2020, the large bull held a 2.88% stake within the firm, and a 1.29% stake within the quarter resulted in December 2020.
GMR Infrastructure
GMR Infrastructure is yet one more inventory that Jhunjhunwala seems to be sustaining distance from. In December 2020 quarter, he held a 1.41% stake within the firm. In the March quarter, his possession is beneath 1%.
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