This Rekha Jhunjhuwala-owned stock has rallied 58% so far in February business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
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.
Rakesh Jhunjhunwala, wife Rekha earned Rs 18.4 crore per day with this stock for 11 sessions
While Jhunjhunwala owned 11.60 shares in the firm, his wife Rekha Jhunjhunwala held 6.67 crore shares during the period.
Aseem Thapliyal | February 15, 2021 | Updated 17:20 IST
Jhunjhunwala and his wife Rekha held 7.83 crore shares of the infrastructure firm for the quarter ended December 2020.
Ace Indian Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have made Rs 18.40 crore per day from the stock of NCC Ltd in the last 11 trading sessions. Jhunjhunwala and his wife held 7.83 crore shares of the infrastructure firm for the quarter ended December 2020. While Jhunjhunwala owned 11.60 shares in the firm, his wife Rekha Jhunjhunwala held 6.67 crore shares during the period.
Why Tata Communications share fell 8% despite five-fold rise in Q3 profit
Tata Communications stock touched an intraday low of Rs 1,040, falling 7.96% against previous close of Rs 1,129.95 on BSE
BusinessToday.In | January 20, 2021 | Updated 11:12 IST
Tata Communications share opened with a loss of 4.69% today at Rs 1076.95 on BSE.
Tata Communications share fell nearly 8% in early trade today despite the Tata Group firm reporting a five- fold rise in Q3 profit. The slide in the stock can be attributed to reports that government will sell its entire 26.12% stake in Tata Communications through an offer for sale and strategic sale route in the current fiscal.