Rakesh Jhunjhunwala increased his stake in Escorts stock, now he has 75 lakh shares of the company

Rakesh Jhunjhunwala increased his stake in Escorts stock, now he has 75 lakh shares of the company

[ad_1]

new Delhi. Rakesh Jhunjhunwala Portfolio: After holding his 64 lakh shares in Escorts for almost a year, now Rakesh Jhunjhunwala has increased his stake in this stock further. According to the shareholding pattern, the company of Big Bull Rakesh Jhunjhunwala has bought another 11 lakh shares of Escorts, a commercial auto maker. Now he has a total of 75 lakh shares of Escorts.

If we talk about the percentage share, then Rakesh Jhunjhunwala, who was earlier called Warren Buffet of India, had 5.22 percent stake, which has now increased to 5.80%.

Also Read – Wherever The Stock Market Goes, But These 5 Quality Stocks Can Give Bumper Returns

As per the Escorts shareholding pattern for the period January to 18 February 2022, Rakesh Jhunjhunwala holds 75 lakh Escorts shares, which is about 5.80 per cent of the total issued paid-up capital of the company. If we talk about the third quarter of FY22, then as per the shareholding pattern of Escorts, Big Bull held 64 lakh shares of the company, which was about 5.22 percent of the total issued paid-up capital of the company. In this way, Rakesh Jhunjhunwala has increased his stake in the company after adding 11 lakh more Escorts shares to his portfolio.

Rs 1400 crores are spent only in escorts
Since Rakesh Jhunjhunwala now holds 75 lakh shares of the company and the share price of Escorts is today ₹ 1,868 till the market closes on Wednesday. Accordingly, the net worth of Rakesh Jhunjhunwala (Rakesh Jhunjhunwala net worth in Escorts) is slightly more than ₹ 1,400 crore (₹ 1,868 x 75,00,000) in this share only.

Also read – Petrol Price: Buy cheap petrol for just one more week, then it will be rocket!

Escorts share price history
Escorts share price is sideways since last one month, which means almost stable. It is moving between the low level of Rs 1,749 to the upper level of Rs 1,918. However, Escorts share price has risen from around ₹ 1,310 to ₹ 1,870 in the last six months. Meaning it is a return of more than 40 percent.

What will Escorts stock do in the future?
Sumit Bagadiya, Executive Director, Choice Broking, while talking to Live Mint has advised investors to buy the shares of Escorts. He says that this stock is currently in an uptrend. Talking about the short term target, it can go from ₹ 1,900 to ₹ 1,950, so investing money in this stock can be a good option. However, Sumit Bagadiya has also given a stoploss of ₹ 1,800 for this stock.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. Tech for FTCP will not be responsible for any profit or loss caused by you .)

Tags: Money Making Tips, Rakesh Jhunjhunwala, Stock tips

[ad_2]

Read Article in हिन्दी

Leave a Comment

Your email address will not be published.