India’s Biggest Investor Earned Rs 186 Crore In 10 Mins From These Two Tata Stocks!
Ace investor Rakesh Jhunjhunwala is one of the biggest names in the Indian stock market, and publicly holds 37 stocks, all of which investors closely track.
After crashing on February 14, extending losses to the second straight session, the Indian markets opened at a rise on Feb 15 and traded higher, canceling out most losses from the previous day.
In the process, Rakesh Jhunjhunwala added Rs 186 crore to his net worth on Tuesday, in only 10 minutes of the market opening, led by two of his Tata-owned stocks.
Rakesh Jhunjhunwala’s Net Worth Rises By Upto Rs 200 Crore on Tuesday
Veteran investor Rakesh Jhunjhunwala added Rs 186 crore to his wealth on Tuesday, only 10 minutes into the market opening, led by two Tata-owned stocks – Titan Company and Tata Motors.
With the shares of the company opening with an upside gap of Rs 23.95 apiece on Tuesday at Rs 2435/share, after closing at Rs ??2398 per share on Monday on the National Stock Exchange, and Tata Motors opening with an upside gap of Rs 4.7 apiece at Rs 476.15 on Tuesday, after closing at Rs 471.45 per share on Monday on the NSE, Rakesh Jhunjhunwala added almost Rs 200 crore to his wealth on Tuesday in just 10 minutes.
Rakesh Jhunjhunwala’s Holding in Tata Stocks
As per the latest shareholding pattern of the sunglasses and watches maker Titan Company, Rakesh Jhunjhunwala and his Rekha Jhunjhunwala hold a total of 5.09% stake in the company, or 4.52 crore equity shares of the company.
In Tata Motors, as per the company’s latest shareholding pattern, the ace investor held 3.92 crore equity shares or 1.18% stake in the auto stock, as of Dec 31, 2021.
The ace investor is bullish on the two Tata stocks and sees good returns from it in future as well.