Shares of Tata Communications, which closed at Rs 370.80 on April 17, 2020 were trading at Rs 1247 in the current session, clocking returns of 237% during the period. In comparison, Sensex rose 89% in three years.
This stock held by Rakesh Jhunjhunwala more than doubled in a year, did you miss the rally?
An amount of Rs 1 lakh invested in the large cap stock on February 20 would have turned into Rs 2.56 lakh today
Aseem Thapliyal | February 22, 2021 | Updated 18:47 IST
Rakesh Jhunjhunwala, often referred to as Big bull of Dalal Street, bought shares of the firm in the December quarter of FY21. Jhunjhunwala s wife Rekha Jhunjhunwala held 32,00,687 shares or a 1.12% stake in Tata Communications at the end of Q3, according to BSE data.
Ace investor Rakesh Jhunjhunwala-owned Tata Communications share has more than doubled in the last one year. The stock, which closed at Rs 393.15 on February 20 last year, ended at Rs 1,010 in trade today, clocking 156% returns during the period. An amount of Rs 1 lakh invested in the large cap stock on February 20 would have turned into Rs 2.56 lakh today. In comparison, Sensex has gained 20.83% and Nifty has risen 21.48% in a year.