Rakesh Jhunjhunwala backed Tata Group stocks — Tata Motors, Tata Communications, Titan Company, Indian Hotels — have rallied up to 135 per cent in the last one year, though these have surged more than 57 per cent so far in the year 2021. Big bull Rakesh Jhunjhunwala, along with his wife Rekha Jhunjhunwala, hold the biggest stake in Titan Company — a 4.8 per cent stake or 4.26 crore shares in the watches-to-jewellery maker. Ace investor slashed his holding in Titan Company for the third consecutive quarter (April-June 2021). Titan’s share price tag has zoomed 63.27 per cent in the previous one year, and 20.30 per cent so far in the CY21.
Rakesh Radheshyam Jhunjhunwala’s second-highest stake is in Tata Motors, at 1.14 per cent or 3.7 crore shares. The massive bull trimmed his stake in this motor firm to 1.14% in the quarter ended June 30, 2021. Rakesh Jhunjhunwala held a total of 4.27 crore shares in the firm at the finish of March quarter, which later fell to 3.7 crore. This stock has delivered the highest returns in the last one year, surging 134.24 per cent. Moreover, on a year-to-date (YTD) basis, it has gained 57.18 per cent.
Rakesh Jhunjhunwala’s initial massive win was this Tata Group firm stock
It might be noted that Rakesh Jhunjhunwala’s initial-ever massive win was also a Tata Group stock — Tata Tea, exactly where he made a profit of Rs 5 lakh in 1986. He purchased 5,000 shares of Tata Tea at a price tag of Rs 43 that time, which zoomed to Rs 143 apiece in a span of just 3 months, more than tripling his invested cash. As of June 30, 2021 shareholding pattern, Rakesh Jhunjhunwala portfolio comprises 38 stocks, ranging from finance to tech to retail sectors, with a net worth of more than Rs 20,165.9 crore, according to Trendlyne information. His most important listed holding is watches and jewellery maker Titan Company, with a holding worth at Rs 8,019.7 crore followed by Tata Motors with Rs 1,107.4 crore and Crisil at Rs 1,069.1 crore. In the earlier quarter, Jhunjhwala held stakes in 37 firms with a net worth of more than Rs 19,850.6 crore.
Big bull has a stake of 1.04 per cent or 29.50 lakh shares in the Tata Communications.This communication stock has offered 55.31 per cent return in the last one year and jumped 28.34 per cent so far in the calendar year 2021.
In the Tata group hospitality arm Indian Hotels Company Ltd (IHCL), Rakesh Jhunjhunwala, along with his wife Rekha Jhunjhunwala held 2.10 per cent stake or 2.50 crore shares at the finish of June 2021 quarter. Earlier this, IHCL reported that Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala elevated their stake in Indian Hotels to 2.1 per cent in the course of the December quarter as against 1.05 per cent in September. Indian Hotels Company stock price tag has risen 20.45 per cent in one year and almost 16 per cent so far in the year 2021.