Rakesh Jhunjhunwala made 633 crores in only a touch over every week of trading, he’s often called the large bull of the Indian Stock Markets.
Since the Union Budget, five of Rakesh Jhunjhunwala owned stocks have outperformed the benchmark indices by quite some margin. The seven-day rally in domestic equities, followed by two days of flat moves may have helped Rakesh Jhunjhunwala, who is usually called the large bull of domestic stock markets, pocket a huge Rs 663 crore in only a touch over every week of trading. within the aftermath of the Union Budget, Sensex and Nifty have thus far zoomed 11% each to scale fresh all-time highs, recouping all the losses suffered within the previous week.
These are the 5 Stocks from which Rakesh Jhunjhunwala Made 633 Crores
- Tata Motors
- Nagarjuna Construction Company (NCC)
- Federal Bank
- Karur Vysya Bank
- Aptech Ltd
Nagarjuna Construction Company (NCC)
Of the five stocks under review, the foremost profitable scrip was Nagarjuna Construction Company or NCC. the large bull owned a 12.84% stake within the construction company at the top of the previous quarter that has now galloped the maximum amount as 57%. the worth of his shareholding within the company was at Rs 461.38 crore just each day before the budget. After the surge available price, an equivalent has now settled at Rs 722.23 crore, helping the ace investor earn Rs 260.85 crore from his 7.83 crore equity shares.
Tata Motors, one among Rakesh Jhunjhunwala’s newest additions, is that the second most profitable stock among the five. Shares of Tata Motors have soared 25% since February 1. the large bull owns 4 crore shares within the automobile firm which are now valued at Rs 1,310 crore, against Rs 1,050 crore before the budget, translating to a Rs 260 crore jump.
Federal Bank and Karur Vysya Bank
Two banking stocks owned by Jhunjhunwala have jumped 15% and 32% since Nirmala Sitharaman’s budget speech. Private sector lender, Federal Bank has gone from trading at Rs 72.4 per share at the top of January to Rs 83.25 apiece today. With this, the worth of shares held by Jhunjhunwala has gone up by Rs 51.23 crore. Karur Vysya Bank, where the large bulls owned 3.59 crore at the top of the second quarter of the present fiscal could have helped him earn Rs 48.57 crore as shares zoomed 32%.
Education technology firm, Aptech Ltd has gained 25% after the Union Budget. With shares going from trading at Rs 179 per share to Rs 224 apiece, Rakesh Jhunjhunwala’s 23% holding within the firm soared by Rs 43 crore in value.