Three stocks of Rakesh Jhunjhunwala rise from 12% to 18% this week: Do you own any?
These stocks were from NBFCs and pharma sector namely Geojit Financial Services, Edelweiss Financial Services and Jubilant Life Science.
This week has been good for Rakesh Jhunjhunwala, as benchmark indices have seen a massive uptick in their valuation. On Friday, the Sensex finally touched over 38,000-mark with Nifty 50 clocked over 11,450-levels. In Jhunjhunwala’s portfolio, almost every stock has given him good returns this week, however, there were three stocks were gains were commendable. These stocks were from NBFCs and pharma sector namely Geojit Financial Services, Edelweiss Financial Services and Jubilant Life Science. Interestingly, Jhunjhunwala himself has risen his stake in Jubilant during Q3FY19 period, which brings out the possibility that the company is set to rise.
It would be Edelweiss Financial which gained the most in Jhunjhunwala’s portfolio, by nearly 18%. The stock on Friday, was trading at Rs 191.70 per piece up by Rs 4.20 or 2.24% on Sensex at around 1341 hours. However, the stock has also touched an intraday high of Rs 195.10 per piece on the same index.
In Edelweiss, Jhunjhunwala has about 1.21% stake with 3,000,000 equity shares worth Rs 10.5 crore.
Further, the next shining stock would be Geojit Financial as it grew by over 15% on Sensex. Today, it was trading at Rs 44.35 per piece surging by 2.66%, after touching an intraday high of Rs 45.25 per piece on Sensex. Here, the big bull has about 7.57% stake with 18,037,500 equity shares aggregating up to Rs 78.9 crore.
Finally, the Jubilant shares have jumped over 12% this week, after the company recorded an intraday high of Rs 882.80 per piece on Friday. The company’s stock currently was trading at Rs 864.90 gradually higher by 0.63% on Sensex.
The ace investor had already increased his holding in Jubilant by another 0.31% between October - December 2018 period. He now has 1.88% stake with 3,000,000 equity shares valuing up to Rs 259.3 crore.
Hence, if just like Jhunjhunwala you have also invested in the above-mentioned stocks then you also add few gains in your kitty as well.
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