Rakesh Jhunjhunwala hikes stake in Tata Motors: Report

Rakesh Jhunjhunwala hikes stake in Tata Motors: Report

FPJ Web DeskUpdated: Thursday, October 21, 2021, 03:22 PM IST
article-image
Shares of Tata Motors DVR surged more than 5% to Rs 246 apiece on the BSE in Thursday's deals. | CNBC

The Big Bull of Dalal Street, Rakesh Jhunjhunwala has raised his stake in Tata Motors DVR during the September 2021 quarter.

Shares of Tata Motors DVR surged more than 5 percent to Rs 246 apiece on the BSE in Thursday's deals.

Jhunjhunwala has also has made a fresh entry in two government owned entities—National Aluminium Company Ltd (NALCO) and Canara Bank, according to the latest corporate data, Zee Business reported.

He has also enhanced stake in three stocks—Federal Bank, Steel Authority of India Limited (SAIL) and Titan Company Limited.

According to Trendlyne, a platform to analyse stock market data, the fresh corporate holding of Jhunjhunwala shows the investor adding shares of Aluminium Company. He has 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.

RECENT STORIES

'Gutter Snan' For Aman Gupta; Instagram User Calls Him 'Fraud', Alleges Financial Irregularities...

'Gutter Snan' For Aman Gupta; Instagram User Calls Him 'Fraud', Alleges Financial Irregularities...

GST Reduction To Cut Consumer Price Index Inflation By 25 Basis Points, Could Reduce 35 BSP: SBI...

GST Reduction To Cut Consumer Price Index Inflation By 25 Basis Points, Could Reduce 35 BSP: SBI...

Government-Supported AIFs Invest ₹2,839 Crore In 154 Women-Led Startups

Government-Supported AIFs Invest ₹2,839 Crore In 154 Women-Led Startups

Insurance Laws Amendment Bill, 2025, Which Raised FDI Limit To 100%, Will Attract Capital & Support...

Insurance Laws Amendment Bill, 2025, Which Raised FDI Limit To 100%, Will Attract Capital & Support...

India Remains A Bright Spot Amid Global Uncertainty, With Robust 6.5% Growth Rate & Strong Domestic...

India Remains A Bright Spot Amid Global Uncertainty, With Robust 6.5% Growth Rate & Strong Domestic...