Rakesh Jhunjhunwala Portfolio: Big Bull books profit in this share after around 50 pct rise in Oct-Dec quarter
Rakesh Jhunjhunwala Portfolio: Ace Indian stock market investor Rakesh Jhunjhunwala has trimmed his shareholding in Firstsource Solutions from 2 crore equity shares to 90 lakhs in October to December 2020 quarter.
Rakesh Jhunjhunwala Portfolio: Ace Indian stock market investor Rakesh Jhunjhunwala has trimmed his shareholding in Firstsource Solutions from 2 crore equity shares to 90 lakhs in October to December 2020 quarter. For stock market investors looking forward to Rakesh Jhunjhunwala news — public shareholding data of the company available with the BSE says that Big Bull sold 1.1 crore Firstsource Solutions shares in the last quarter ended in December 2020.
This profit booking done by Rakesh Jhunjhunwala seems a smart move as the Firstsource Solutions shares have risen from Rs 72.75 per stock (closing price on 30th September 2020 to Rs 108 per stock (closing price on 28th December 2020), peak of the stock during the quarter. So, in one quarter, Firstsource Solutions shares rallied around 50 per cent from its previous quarter ending price.
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If we compute the income pocketed by the Indian Big Bull in Firstsource Solutions shares in the third quarter of the current fiscal, it stands at around Rs 39,82,00,000 or Rs 39.82 crore.
As per the Firstsource Solutions' public shareholding data available with the BSE, Rakesh Jhunjhunwala was holding 2 crore shares in the company in the quarter ending in September, however, after the end of December quarter, net share holding of the stock market bull was only 90 lakhs. It means the Big Bull sold 1.1 crore Firstsource Solutions shares in the October-December quarter.
In the December ending quarter, Rakesh Jhunjhunwla bought some fresh shares also. Ace Indian stock investor who already holds Tata Group shares — Titan Company and Tata Motors — added Tata Communications shares to portfolio in the last quarter. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala bought 32 lakh shares of Titan company shares in the last quarter.
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