Portfolio of Rakesh Jhunjhunwala: Billionaire investor Rakesh Jhunjhunwala has reduced his stake by more than 0.1% in Indiabulls Housing Finance Limited, a shareholding pattern of the company in June 2022 quarter on BSE showed.
After reduction of stake, Rakesh Jhunjhunwala holds 55,000,000 shares, comprising 1.17% stake in Indiabulls Housing Finance in June quarter, compared to 60,000,000 shares, comprising 1.28% stake in March quarter 2022 , depending on the firm’s shareholding patterns.
Indiabulls Housing Finance shares over the past year have underperformed the market, down almost 65% against a rise of around 6% in the Sensex. Almost a year ago, the stock hit its 52-week high at 297.7 rupees each and on June 7, 2022, it hit a 52-week low at 89 rupees each.
Rakesh Jhunjhunwala, who is known as the Big Bull of Indian stock market, along with his wife and associates publicly owns 32 shares with a net worth of over Rs 29,748.8 crore, as of July 23, 2022, according to the website of trendlyne .com stock analysis.
Investor as Investor manages asset company Rare Enterprises and tends to favor stocks in the financials, technology, retail and pharmaceuticals sectors.
Apart from Indiabulls Housing, the renowned investor reduced his stakes in the Tata Group company, Tata Motors, DB Realty and NCC Limited, among others, and re-entered the shares of the automobile company – Escorts Kubota Limited during the quarter of June 2022, in accordance with their respective actions. holdings.
Rakesh Jhunjhunwala has invested over Rs 55 crore in the company for 55 lakh shares, according to website trendlyne.com. The investor remained on 19 stocks, while reducing his stakes to less than 0.1% in all four stocks, in accordance with their respective shareholding patterns.
On Friday, the stock closed nearly 1% lower at Rs 100.45 per share on BSE against a rise of 0.7% on BSE Sensex.