Rakesh Jhunjhunwala portfolio: These 2 metal stocks soared over 200% in one year - Do you have any?
There are two shares in Rakesh Jhunjhunwala's portfolio that have clocked over 200 per cent in the past one year.
There are two shares in Rakesh Jhunjhunwala's portfolio that have given over 200 per cent in the past one year. One of the two stocks has been added by the big bull in the quarter ended September 30, 2021. Both of these stocks belong to government-owned entities and come from metal space.
Talking of metal, this segment has given enormous return in the past one year. Nifty metal index alone has risen to whooping nearly 150% in the past one year. The index has been NSE topper with 146.4% return till October 21, 2021, as per Stock Edge, an app for analysing stocks on NSE and BSE.
Well, the two stocks owned by the ace investors as per the latest corporate filing are NALCO (National Aluminium Company Ltd) and SAIL (Steel Authority of India Limited).
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Jhunjhunwala took fresh position of 1.6 per cent stake in NALCO, as per BSE September shareholding updates of the company. The celebrity investor bought 29,097,400 shares of the metal stock worth Rs 569.3 crore, aggregating up to 1.6 per cent stake as on October 21, 2021, showed the data with Trendlyne. The shares of this metal stock soared whooping 257.31% in the last one year, showed technical data with Stock Edge.
NALCO shares were trading with marginal gains in Thursday's intraday trade on BSE. The share that touched 52-week high of Rs 124.75 on October 20,2021, was trading flat at Rs 109.55, a gain of 25 paise on Thursday's afternoon trade.
Also, the 'Indian Warren Buffet' upped his position in already held SAIL. SAIL stocks jumped 238.45% YTD, as per Stock Edge Technical data. The billionaire now holds 72,500,000 shares of SAIL in the September quarter. He has a total of 1.8% stake in the company, aggregating to Rs 875.8 crore, as against 1.4% in June 2021, shows the data.
SAIL stocks were also trading flat in Thursday's intraday trade at Rs 119.30, up 20 paise on BSE around 12 pm.
The big bull has made overall 5 changes, including the two shares mentioned above, to his portfolio in the quarter ended September. Other share which piqued Jhunjhunwala's interest this quarter are Federal Bank, Canara Bank and Titan.
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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