rakesh jhunjhunwala has now bought one crore shares of indiabulls housing finance in the June quarter know the details– News18 Hindi

Mumbai. In the changing times after Corona, veteran investor Rakesh Jhunjhunwala is constantly rebalancing his portfolio. In the last few days, he has reduced his stake in many stocks and has increased in many. Now Big Bull has acquired 2.2% equity stake in leading mortgage lender Indiabulls Housing Finance in the June-21 quarter.

big bull bought 1 crore equity shares of Indiabulls Housing as per the shareholding pattern published on 21st July. Shares of Indiabulls Housing were trading at Rs 266.10, down 1.81% on BSE on July 20. Shares of this Indiabulls Housing have climbed 20.8%.

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In June, Blackrock Funds bought more than 25 lakh additional equity shares of this housing finance company on June 11. In this way, he has got a total stake of 3 percent in the company.

Buy and share shares in Federal Bank

Jhunjhunwala has bought 75 lakh equity shares of Federal Bank. He held 5,47,21,060 shares of Federal Bank at the end of the June quarter, up from 4,72,21,060 shares in the March quarter. The share price of Federal Bank is currently Rs 83.30. The value of Jhunjhunwala’s stake in Federal Bank is approximately Rs 458 crore.

Reduced stake in Tata Motors

Rakesh Jhunjhunwala has reduced his stake in Tata Motors in the June quarter. He has booked some profit after the strong rise in the stock of this company. Jhunjhunwala had bought shares of Tata Motors during the September quarter last year when the share price had fallen drastically due to the loss caused by Corona. Jhunjhunwala has held a stake in Federal Bank since 2016.

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According to BSE filings, Jhunjhunwala held 3,77,50,000 shares or about 1.14 per cent stake in Tata Motors at the end of the June quarter. This is less than 4,27,50,000 shares in the March quarter.

The stock of Tata Motors reached its 52-week high in the last quarter with Rs 360.55. Jhunjhunwala may have booked profit at that price. Since then the share price has declined by about 15 percent. Its stock has fallen sharply since the company informed about the loss of production due to chip shortage.

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