Rakesh Jhunjhunwala made Rs 633 crore from these 5 stocks in 9 days since Union Budget

 

Rakesh Jhunjhunwala, who is often called the big bull of domestic stock markets, may have pocketed a massive Rs 663 crore in just little over a week of trading.

Two banking stocks owned by Jhunjhunwala have jumped 15% and 32% since Nirmala Sitharaman’s budget speech

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 often called the big bull of domestic stock markets, pocket a massive Rs 663 crore in just little over a week of trading. In the aftermath of the Union Budget, Sensex and Nifty have so far zoomed 11% each to scale fresh all-time highs, recouping all the losses suffered in the previous week.

Rakesh Jhunjhunwala made Rs 633 crore from these 5 stocks in 9 days since Union Budget

Rakesh Jhunjhunwala, who is often called the big bull of domestic stock markets, may have pocketed a massive Rs 663 crore in just little over a week of trading.

By: Kshitij BhargavaFebruary 11, 2021 12:29 PM

Rakesh Jjunjhunwala Stock Strategy in Q3

Two banking stocks owned by Jhunjhunwala have jumped 15% and 32% since Nirmala Sitharaman’s budget speech.

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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 often called the big bull of domestic stock markets, pocket a massive Rs 663 crore in just little over a week of trading. In the aftermath of the Union Budget, Sensex and Nifty have so far zoomed 11% each to scale fresh all-time highs, recouping all the losses suffered in the previous week.

Of the five stocks under review, the most profitable scrip was Nagarjuna Construction Company or NCC. The big bull owned a 12.84% stake in the construction company at the end of the previous quarter that has now galloped as much as 57%. The value of his shareholding in the company was at Rs 461.38 crore just a day ahead of the budget. After the surge in stock price, the same 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 of Rakesh Jhunjhunwala’s newest additions, is the second most profitable stock among the five. Shares of Tata Motors have soared 25% since February 1. The big bull owns 4 crore shares in the automobile firm which are now valued at Rs 1,310 crore, against Rs 1,050 crore prior to the budget, translating to a Rs 260 crore jump.