Synopsis
ET Bureau
Ace investor Rakesh Jhunjhunwala.
NEW DELHI: Ten stocks from Big Bull Rakesh Jhunjhunwala’s portfolio climbed 10-40 per cent in the post-Budget rally that helped Sensex reclaim the 50,000-mark and Nifty top the 15,000 mark. With this, the total value of the stocks he holds has topped Rs 16,700 crore, up 82 per cent from the lows of March 2020.
NCC, the ace investor’s engineering and construction bet, has delivered 41 per cent return since the Budget. Jhunjhunwala owned 12.84 per cent stake in this firm at the end of December quarter. Phillip Capital said a 191 per cent increase in allocation by the government towards the Jal Shakti Mission over the revised estimates for FY21, a 40 per cent increase in allocation for Smart Cities and AMRUT (over revised estimates), in addition to an increase in allocation for metro and road projects were all positives for NCC.
Why Tata Communications share fell 8% despite five-fold rise in Q3 profit
Tata Communications stock touched an intraday low of Rs 1,040, falling 7.96% against previous close of Rs 1,129.95 on BSE
BusinessToday.In | January 20, 2021 | Updated 11:12 IST
Tata Communications share opened with a loss of 4.69% today at Rs 1076.95 on BSE.
Tata Communications share fell nearly 8% in early trade today despite the Tata Group firm reporting a five- fold rise in Q3 profit. The slide in the stock can be attributed to reports that government will sell its entire 26.12% stake in Tata Communications through an offer for sale and strategic sale route in the current fiscal.
This stock held by Rakesh Jhunjhunwala rose 52% in four sessions, hit all-time high today
The IT share hit an all-time high of Rs 110.25, climbing 19.97% over previous closing price of Rs 91.90 on BSE
Aseem Thapliyal | December 28, 2020 | Updated 18:54 IST
Rakesh Jhunjhunwala held 2.88 per cent stake, or 2 crore shares, in the firm as on September 30, 2020, as per the shareholding pattern data available on the BSE.
Share of Firstsource Solutions rose to an all-time high today after the share climbed nearly 20% on BSE. Firstsource Solutions share rose to an intraday high of Rs 110.25, climbing 19.97% over previous closing price of Rs 91.90. Firstsource Solutions forms part of Big Bull Rakesh Jhunjhunwala s portfolio. Jhunjhunwala held 2.88 per cent stake, or 2 crore shares, in Firstsource Solutions as on September 30, 2020, as per the shareholding pattern data available on the BSE.
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MUMBAI: As benchmark Nifty ruled at a record high on Wednesday, six of its components scaled all-time highs this week. Here’s a quick look at these top performers, and what has driven them up.
Adani Ports and SEZ: The Adani Group stock scaled a record high, as analysts upped their price targets on the private multi-port operator, on the back of a faster-than-expected turnaround in its recently acquired Krishnapatnam Port. The stock has gained 30 per cent year to date, and is up more than 134 per cent from its March lows.
Bajaj Finance: With Bajaj Finance shares ruling at record high levels, investors are now anxious if this multibagger will continue the uptrend. However, the stock has seen fatigue set in after multiplying nearly three times from its March lows. The Sensex stock had tumbled more than 50 per cent in March, when the onset of Covid-19 pandemic rattled markets, and had tumbled to a 52-week low of Rs 1,783.10 on May 27. Since then, it has risen nearly 3 ti