Bull run continues in the stock market. The Sensex closed at 51,348.77 points with a loss of 617.14 points today. At the same time, the Nifty closed at 15,115.80 with a gain of 191.55 points. Veteran investor Rakesh Jhunjhunwala is not called the Big Bull of the stock market. Since the budget 2021, the works of 10 stocks with their investment have increased from 10% to more than 40%. Rakesh Jhunjhunwala’s stock has gone up by over Rs 16,700 crore, which is 82% higher than the March low due to the record rally in the stock market.
Stocks of Rakesh Jhunjhunwala-invested company NCC Constructions have soared more than 41% since the budget was presented. Rakesh Jhunjhunwala’s stake in NCC was 12.84% as of December quarter. Brokerage firm Phillip Capital said the budget’s 191% increase in waterpower mission allocation, 40% higher allocation for smart cities coupled with the government’s decision to increase funding for metro and road infrastructure has given NCC tremendous Has gained The company’s shares closed at Rs 59 on January 29, the day before the budget, whose prices have now risen to Rs 99.65. That is, about 69% of the company’s stocks have come after the budget.
Karur Vysya Bank shares rose 37%
Similarly, the stock of Tamil Nadu-based Karur Vysya Bank, another investment company of Rakesh Jhunjhunwala, has gained 37% since the budget. The budget had a special focus on Tamil Nadu, which benefited the company’s stocks. The shares of the company closed at Rs 42.45 on January 29, the value of which has now increased to Rs 58.25. That is, about 69% of the company’s stocks have come after the budget.
Rakesh Jhunjhunwala’s 23.84% stake in Aptech
Global education and training company Aptech in which Rakesh Jhunjhunwala holds 23.84% stake, its stock has rallied 21% since Budget 2021. However, in connection with this company, the Consent application has to be submitted to SEBI of Rakesh Jhunjhunwala on the charge of insider trading. This has led to a decline of 0.093% in the stock from the company today and the price of its stocks today is Rs 215.80, which was only Rs 179.15 on January 29.
Escorts also gave tremendous returns
Rakesh Jhunjhunwala holds a 4.75% stake in Tractor Manufacturing Company Escorts and the stock has gained 19% during this period. The shares of the company closed at Rs 1205.70 on January 29, the value of which has now risen to Rs 1431. Experts say that the company is expected to benefit the most due to the focus on agriculture in the budget. At the same time, Fedral Bank in which Rakesh Jhunjhunwala holds 2.4% stake, its shares have risen by 15%. The company has performed tremendously in Q3. The shares of the company closed at Rs 72.30 on January 29, now costing Rs 83.
These 5 companies of Jhunjhunwala also gave excellent returns
Since Budget 2021, these 5 companies invested by Rakesh Jhunjhunwala, Ion Exchange (India), Firstsource Solutions, Prakash Pipes, Indiabulls Real Estate and GMR Infra also have 10%. Have given higher returns ranging from 15%. Ion Exchange has given 11%, Firstsource Solutions 18%, Prakash Pipes 10%, Indiabulls Real Estate 16% and GMR Infra have given 11% returns since the budget. Let us tell you that according to the data available till December 31, 2020, veteran investor Rakesh Jhunjhunwala has bought stocks in 39 companies, whose total value is more than Rs 16,775 crore.