Jhunjhunwala Portfolio: Big Bull Rakesh Jhunjhunwala has increased his stake in such a company in the March 2022 quarter, whose prices have broken this year and it is currently at a discount of about 29 percent from the record price of last one year.
Jhunjhunwala Portfolio: Big Bull Rakesh Jhunjhunwala has increased his stake in such a company in the March 2022 quarter, whose prices have broken this year and it is currently at a discount of about 29 percent from the record price of last one year. Jhunjhunwala, known as the Warren Buffett of India, has increased his stake in infrastructure company NCC (Nagarjuna Construction Company) by 0.7 per cent and according to data available on Trendyline, Jhunjhunwala & Associates holds 13.6 per cent in the company.
The holding value in Jhunjhunwala’s company is Rs 577 crore
According to the shareholding pattern, the stake of Jhunjhunwala & Associates in NCC has increased from 12.1 per cent in the December 2021 quarter to 13.6 per cent by the end of March 2022. He has 8,27,33,266 shares of the company, whose value at the current price is about Rs 577 crore. The special thing is that Jhunjhunwala has increased the number of shares of this company at a time when it is showing a selling trend.
Prices are at 29% discount from the record level of 52 weeks
If we look at the data of NSE, its price is currently at a discount of 29 percent from the record level of last 52 weeks. On the NSE last year, it had reached a record 52-week level of Rs 98.50 on July 12, 2021, and the quarter in which Jhunjhunwala reduced his stake, its prices had reached a lower level in that quarter. Its prices had slipped to Rs 55.75 on 24 February 2022, which is a record low of 52 weeks. However, it is not clear whether Jhunjhunwala bought its shares before or after. Right now it is on the NSE at a price of Rs 69.80 (closing price on April 13) i.e. about 25 percent more than the price of February 24. So far this year in 2022, it has weakened by 2.72 percent and in the last one year by 9 percent, then in five years it has weakened by 27.89 percent.