Some of the stocks exactly where the Big Bull elevated his investment in the earlier quarter did fall and 3 such shares erased Rs 65.3 crore of his wealth.
Ace Investor Rakesh Jhunjhunwala’s portfolio capitalised nicely on the November rally that helped benchmark equity indices scale to record breaking new highs. Aided by healthful foreign inflows and an economy that was displaying indicators of recovery Sensex and Nifty gained practically 11% in the final one particular month. This helped Rakesh Jhunjhunwala make Rs 967 crore from just 5 stocks that make up his diversified portfolio. Apart from this, some of the stocks exactly where he elevated his investment in the earlier quarter did fall and 3 such shares erased Rs 65.3 crore of his wealth.
The Big Bull’s prized possession, Titan Company Limited was shining throughout the month of November outperforming the benchmark indices marginally. Titan’s shares gained 11.5% throughout November. Rakesh Jhunjhunwala along with his wife holds 4.9 crore shares in the Tata Group firm. The upward movement in the stock helped The Jhunjhunwala’s bag Rs 686 crore. Titan Shares have now recouped all losses incurred throughout March and have gained 17% year-to-date.
Apart from the Titan the other greatest revenue maker for Rakesh Jhunjhunwala in the month of November was Escorts. The automotive engineering business that operates in the agricultural machinery space, along with building and railway gear helped him make Rs 149.2 crore in November. Shares of the firm zoomed 16% throughout the period, assisting the Rakesh Jhunjhunwala who held 76 lakh shares of the firm at the finish of the earlier quarter. The stock that gained the highest throughout the period was Indian Hotels, one more Tata Group firm in Rakesh Jhunjhunwala’s portfolio. Shares of Indian Hotels Company Ltd jumped 21% in the final one particular month Rs 97 per share to Rs 118 per share. The Big bulls owned Rs 1.25 crore equity shares of the business transiting to Rs 26.3 crore of increase in wealth.
Further, the billionaire investors created Rs 56.1 crore from one more Tata Group firm — Rallis India. Rakesh Jhunjhunwala owns more than 2 crore shares of the firm, according to the most up-to-date information obtainable on the stock exchanges. The stock gained 11% throughout November. Lastly Fortis Healthcare with its 18% jump helped the Big Bull make Rs 50 crore with his 2 crore equity shares in the firm.
The laggards in the ace investor’s portfolio had been Lupin, Jubilant Life Sciences, and Agro Tech Foods. While Lupin’s share price tag fell 2.13% erasing Rs 34 crore of Rakesh Jhunjhunwala’s wealth, Jubilant Life Sciences shares dropped 4.1% and Agro Tech Foods fell 5.2% throughout the month of November.