New Delhi. The net worth of Rakesh Jhunjhunwala, the Big Bull of the stock market, has increased manifold in the past. The reason for which is his investment in stocks like Nazara Tech, Titan Company, Tata Motors. Looking at the share price history of Tata Motors, Rakesh Jhunjhunwala has earned Rs 310 crore from this stock in just three trading sessions.
On 6 October 2021, the share price of Tata Motors was Rs 335.60, which increased to Rs 417.80 in just three trading sessions. That is, the shares of Tata Motors had climbed up to 25% in just three days. Rakesh Jhunjhunwala holds 1.14% stake in Tata Motors. Accordingly, he made a profit of Rs 310 crore in just three trading sessions.
Monday’s rise of 7.39 percent
On Monday, it was trading at Rs 411.25 with a gain of 7.39 per cent on the BSE. On the other hand, shares of Tata Motors DVR closed at Rs 201.10 with a gain of more than 5 per cent.
Also read: Quit worrying about job, start business with Amul for 2 lakhs, earning 5 lakhs every month, know how to start?
According to the shareholding pattern of Tata Motors in the June 2021 quarter, Rakesh Jhunjhunwala held a total of 3,77,50,000 shares in this company. This is equivalent to a total 1.14% stake in the company. Earlier in the March 2021 quarter, Jhunjhunwala held 4,27,50,000 shares of Tata Motors. In the June quarter, Big Bull had reduced its stake in Tata Motors.
In the March quarter, where Rakesh Jhunjhunwala’s stake in Tata Motors was 1.14%, it declined to 1.14% in the June quarter. Tata Motors is yet to announce the shareholding pattern for the September quarter.
Know what is the opinion of experts?
Despite the good rally in Tata Motors shares in the last few days, market experts are bullish about it. He believes that the fresh breakout of Tata Motors shares is at Rs 400. If the stock crosses this level, then it will go up further. Sameet Bagadiya, Executive Director, Choice Broking said, “The new breakout of Tata Motors is Rs 400. This means that it is still looking positive on the chart pattern. It can be bought with a target of Rs 450 while putting its stop loss at Rs 390.
(Disclaimer: Market investment is subject to market risk exposure. Investors should consult experts before investing. News18.com does not recommend investing to anyone.)
Read Hindi News Online Watch More Live TV News18 on Hindi website. Know related to country and abroad and your state, Bollywood, sports world, business News in Hindi.