This Rakesh Jhunjhunwala stock plunges 13%, touches new low; Do you own it?
One of Rakesh Jhunjhunwala’s largest holdings in percentage terms, namely Aptech Ltd plunged by nearly 13% and cracked a 52-week low of Rs 143.05 per piece so far in trading session.
The Dalal Street has been crumbling in recent days, however, today a few of the losses were pared. The benchmark Sensex index finished at 36,610.29 above 383.15 points or 1.06%, whereas the Nifty 50 completed at 11,030.40 up by 99.95 points or 0.91%. Interestingly, while the indexes were soaring, there was one stock to which ace investor Rakesh Jhunjhunwala is exposed that witnessed heavy selling pressure, so much so, that it even touched an all time low.
On BSE, One of Jhunjhunwala’s largest holdings in percentage terms ,namely Aptech Ltd, plunged by nearly 13% on cracking a 52-week low of Rs 143.05 per piece in the trading session so far. After market hours, the company ended at Rs 149.15 down by Rs 15.30 or 9.30%. Notably, this would be second all-time low, Aptech has witnessed in two weeks time.
In Aptech, Jhunjhunwala holds about 24.05% with 9,593,840 equity shares worth Rs 176.53 crore.
Jhunjhunwala is known for one thing - patience. In fact, he has mastered the word patience in stock markets. That is a virtue that everyone in stock markets needs plenty of, including you.
As Jhunjhunwala says in any market at any stage some stocks are going to underperform and some are going to outperform.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.