Multibagger Stock: Rakesh Jhunjhunwala has earned Rs 170 crore from his stake in Tata Motors so far this month. The share price of Tata Motors has risen over 14% since the end of August and is now trading at Rs 332 per share, from Rs 287 per share on August 31.
Shares of Tata Motors outperformed benchmark Nifty Auto, which jumped 5.5% during the same period. Period. Despite the recent stellar performance of Tata Motors, analysts believe that Rakesh Jhunjhunwala’s profit may increase further in the company.
This is how it happened 170 profit of Rs.
Rakesh Jhunjhunwala’s holding in Tata Motors was valued at Rs 1084.55 crore at the end of August. Big Bull has 3,77,50,000 crore equity shares of the auto company. As the share price rose higher, today the value of shareholding of Rakesh Jhunjhunwala in the company stood at Rs 1,254.62 crore. This made Jhunjhunwala a profit of Rs 170 crore in less than a month. It is believed that Rakesh Jhunjhunwala has neither sold nor bought additional shares of Tata Motors since the end of June.
Jhunjhunwala, often called the Warren Buffett of the Indian stock market, had bought a stake in Tata Motors in September last year by buying 40 million equity shares of the Tata group company. He later added to his shareholding in March 2021 before reducing it to the existing 3.77 crore equity shares at the end of April-June quarter.
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