This Rakesh Jhunjhunwala portfolio share is a MULTIBAGGER! Check how Big Bull made money from it
Rakesh Jhunjhunwala knows how to make money from the share market. That has been true for a long time now.
Rakesh Jhunjhunwala knows how to make money from the share market. That has been true for a long time now. However, every time the massive amounts involved in this exercise shock and awe market participants. It is no surprise therefore , that Rakesh Jhunjhunwala inspires retail investors with the lessons he has imparted on numerous occasions that are virtual money-making tips. In March 2020, when COVID-19 pandemic was hitting the global indices, including Indian, the Big Bull's portfolio stockholding pattern and behaviour remind of American ace investor Warren Buffett's teachings. Among these is that the time to become greedy is when the whole world was in panic mode. If we look at Jhunjhunwala's stock portfolio, one stock - Escorts - has delivered almost 154 per cent returns from its March low of Rs 550.75. The leading tractor maker company's stock is currently trading above Rs 1,400-mark.
Escorts share price has rallied almost 154 per cent — from Rs 550.75 to around Rs 1,400 — on the BSE and that makes it a multibagger stock post-March low. Notably, this was achieved on the back of Escorts posting an 83.4 per cent year-on-year (YoY) increase in its net profit at Rs 280.7 crore for the third quarter ended December 31, 2020, led by robust sales across business segments.
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As per the shareholding pattern data available with the BSE, Rakesh Jhunjhunwala owns 4.75 per cent stake in Escorts as of December 2020 quarter.
The ace Indian stock market investor had 7.42 per cent of Escorts shares (91 lakh Escorts shares as per the shareholding pattern for March 2020 quarter) when the COVID-hit selloff began. Despite bloodbath at Dalal Street, Rakesh Jhujhunwaala remained invested in the Escorts as the net shares of 7.42 per cent holding was reported by his company in its June 2020 shareholding too.
Rakesh Jhunjhunwala booked partial profit in Escorts shares when the stock made massive gains from its March low of Rs 527 odd levels. In September 2020 shareholding pattern, Jhunjhunwala share percentage in Escorts dipped to 5.64 per cent which further dipped to 4.75 per cent.
What does this Rakesh Jhunjhunwala Escorts shareholding pattern show? In short, the Big Bull remained invested, showed faith in Indian markets, in order to mint money.
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