New Delhi: Rakesh Jhunjhunwala portfolio shares are keenly adopted by retail traders and funding companies inserting their bets on the Indian inventory market. Rakesh Jhunjhunwala, usually known as the Big Bull of India’s inventory markets, is understood for investing in shares that present spectacular returns in each quick and lengthy phrases.
In the October to December 2021 quarter, Rakesh Jhunjhunwala has booked a revenue in Mandhana Retail Ventures. In the retail agency’s newest shareholding sample, Jhunjhunwala’s title is absent, suggesting that the massive bull has booked earnings and made an exit from the corporate’s listing of particular person shareholders.
However, as of now, there isn’t any info that whether or not Jhunjhunwala has offered his full stake in Mandhana Retail Ventures or his possession has come right down to lower than 1%. Publicly listed firms solely listing the names of particular person traders who personal greater than a 1% stake within the firm.
According to Mandhana Retail Ventures shareholding sample for the earlier monetary quarter that ended with September 2021, Rakesh Jhunjhunwala owned 16,30,900 shares or 7.39% of the overall paid-up capital of the retail agency.
In the final one 12 months, the share value of Mandhana Retail Ventures has elevated from Rs 11.90 to 16.95 apiece, rising greater than 42%. Also Read: Union Budget 2022: Start ups urge govt to loosen up tax burden on the sector
In October 2021, Rakesh Jhunjhunwala had minimize his stake in Mandhana Retail Ventures to roughly 2.4 per cent. At that point, he had offloaded greater than 8.5 lakh shares within the firm in a span of about two days. Also Read: Kotak Mahindra Bank will increase mounted deposit charges; test newest FD rates of interest
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