Some of the stocks that Big Bull increased its investment in in the previous quarter fell and three of those stocks erased Rs 65.3 crore of its wealth.
Ace Investor Rakesh Jhunjhunwala’s portfolio capitalized well in the November rally that helped benchmark equity indices climb to new all-time highs. With the help of healthy foreign inflows and an economy showing signs of recovery, Sensex and Nifty gained nearly 11% in the last month. This helped Rakesh Jhunjhunwala earn Rs 967 crore with just five stocks making up his diversified portfolio. Aside from this, some of the stocks you increased your investment in in the previous quarter fell and three of those stocks wiped 65.3 crore of your wealth.
The Big Bull’s prized possession, Titan Company Limited, shone through the month of November, marginally outperforming the benchmarks. Titan shares were up 11.5% during November. Rakesh Jhunjhunwala together with his wife owns 4.9 million shares in the Tata Group company. The upward movement of the stock helped the Jhunjhunwala exchange to Rs 686 crore. Titan Shares has now recouped all losses incurred during March and has gained 17% so far this year.
Apart from the Titan, the other biggest money maker for Rakesh Jhunjhunwala in the month of November was the Escorts. The automotive engineering company operating in the agricultural machinery sector, along with construction and railway equipment, helped it earn 149.2 million rupees in November. The firm’s shares soared 16% during the period, helping Rakesh Jhunjhunwala, who had 76 lakh of firm shares at the end of the previous quarter. The stocks that gained the most during the period were Indian Hotels, another Tata Group firm in Rakesh Jhunjhunwala’s portfolio. Shares of Indian Hotels Company Ltd rose 21% in the last month from Rs 97 per share to Rs 118 per share. The Big Bulls held equity shares of the company of Rs 1.25 crore that transited to Rs 26.3 crore of increasing wealth.
Additionally, billionaire investors earned Rs 56.1 crore from another Tata Group company – Rallis India. Rakesh Jhunjhunwala owns more than 2 million shares of the company, according to the latest data available on the stock exchanges. The stock gained 11% during November. Lastly, Fortis Healthcare with its 18% jump helped Big Bull earn Rs 50 crore from its Rs 2 crore equity shares in the company.
The laggards in the portfolio of such investors were Lupine, Jubilant Life Sciences and Agro Tech Foods. While Lupine’s share price fell 2.13% erasing Rs 34 crore of Rakesh Jhunjhunwala’s wealth, Jubilant Life Sciences shares fell 4.1% and Agro Tech Foods fell 5.2% during the month of November.
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