ACE INVESTOR Rakesh Jhunjhunwala, his wife Rekha offload 0.6% stake in THIS company in Q1FY22 - What investors of the firm should know
The ace investor Rakesh Jhunjhunwala along with his wife Rekha has offloaded at least 0.6 per cent of stakes in the auto parts and equipment company - Autoline Industries,
The ace investor Rakesh Jhunjhunwala along with his wife Rekha has offloaded at least 0.6 per cent of stakes in the auto parts and equipment company — Autoline Industries,
Both Rakesh and Rekha Jhunjhunwala has cut their combine holding to 4.62 per cent from 5.22 per cent in the June-ended quarter.
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As per the shareholding pattern of the April-June quarter, Rakesh Jhunjhunwala, who is also termed as the Big Bull of the stock market, has held 2.69 per cent (10.2 lakh shares), while his wife Rekha held 1.93 per cent (7.31 lakh shares) stakes in the auto ancillary company.
Earlier, Rakesh Jhunjhunwala had 3.29 per cent holding and Rekha held stake of 2.36 per cent, in the March-ended quarter of the financial year 2021.
The first quarter of FY22 shareholding pattern shows two celebrity investors — Utpal Shah and Abhijeet Pai — buying stakes in Autoline Industries. Shah’s holding stood at 5.93 per cent or 22.50 lakh shares, while Abhijeet Pai’s at 1.32 per cent stake or 5 lakh shares.
In the alternate investment funds category, Indianivesh Renaissance Fund also trimmed its holding to 12.63 per cent during Q1 FY22, as against 15.48 per cent stake in Q4 of FY21.
Similarly, JM Financial Asset Reconstruction Company also reduced its stake to 7.12 per cent from 8.73 per cent, the June shareholding pattern shows, while the promoters stake was reported at 31.64 per cent in the June-ended quarter of FY22.
The shares of Autoline Industries hit an upper circuit of 5 per cent at Rs 48.90 apiece on BSE at close on Tuesday, which is near to its 52-week high of Rs 51.25, hit on June 9, 2021. This scrip has jumped over 178 per cent from a low of Rs 17.55 apiece, in one year.
In the first quarter of FY22, the Big Bull Rakesh Jhunjhunwala bought an additional stake in Steel Authority of India (SAIL) and Edelweiss Financial Services. While he decreased his holding in jewellery and accessories company — Titan by a quarter per cent in Q1 FY22.
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