Rakesh Jhunjhunwala starts FY20 with massive buying: These stocks made ace investor richer in just 1 day
On Monday, the overall trading session was positive, as Sensex finished at 38,837.18 up by 164.27 points or 0.42%, while the Nifty 50 ended at 11,655.60 above 31.70 points or 0.27%.
FY20 has started on a positive note for big bull Rakesh Jhunjhunwala as majority of his stocks were witnessing buying sentiments. The first quarter of FY20, has started and this month many companies will be announcing their shareholding pattern and financial result for March 2019 quarter (Q4FY19). It will also be the period where one will have an idea of which stock Jhunjhunwala bought and sold, considering many do follow his pattern of investment. The Dalal Street king has been idol of many young hearten investors, who also look to become rich and turn their investments in crores. On Monday, the overall trading session was positive, as Sensex finished at 38,837.18 up by 164.27 points or 0.42%, while the Nifty 50 ended at 11,655.60 above 31.70 points or 0.27%.
Let’s find out which stocks made Rakesh Jhunjhunwala richer in just one day!
Firstly, it was Delta Corp which turned out to be best performer in Jhunjhunwala’s holding, as the stock price surged by over 7.30% on Monday, after touching an intraday high of Rs 173.30 per piece. However, it finished at Rs 271.40 per piece above Rs 16.70 or 6.56% on Sensex. The company is set to announce its Q4FY19 result on April 08,2019.
Moving forward, it was Orient Cement stock price which surged by over 6% on Sensex. After touching an intraday high of Rs 85.20 per piece, the Orient Cement finished at Rs 83.90 per piece up by 4.81% on Sensex in last few minutes of trading session.
Another best performer was Salman Khan’s Being Human licensor The Mandhana Retail Ventures. The company’s stock ended on intraday high of Rs 31.30 per piece resulting in 5.21% rise on Monday.
As on December 2018, Jhunjhunwala’s holding in Delta stood at 7.38%, while in Mandhana and Orient he has 12.74% and 1.22% stake respectively.
Other stocks which surged in Jhunjhunwala’s portfolio are - Lupin, Firstsource Solutions, TV18 Broadcast, Federal Bank, Autoline Industries, Aptech, Prozone Intu, DB Realty, VIP Industries, Rallis India, Anant Raja, NCC, Geojit Financial Services and IAN Exchange in the range of 1% to 4%.