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

Foreign Investors Return After 3 Months Of Selling, FPIs Pump ₹8,100 Crore Into Indian Stocks In...
Foreign Investors Return After 3 Months Of Selling, FPIs Pump ₹8,100 Crore Into Indian Stocks In...
Indo-US Trade Pact Promises Cheaper Imports, Industry Waits for Clarity On Soybean Oil and Animal...
Indo-US Trade Pact Promises Cheaper Imports, Industry Waits for Clarity On Soybean Oil and Animal...
₹200-Crore PowerGrid Order Changes The Game, Can This Bajaj Group Stock Bounce After 33% Fall?
₹200-Crore PowerGrid Order Changes The Game, Can This Bajaj Group Stock Bounce After 33% Fall?
Key Data, Big Earnings, Global Cues Ahead, What Will Move Markets This Week After 3.5% Rally?
Key Data, Big Earnings, Global Cues Ahead, What Will Move Markets This Week After 3.5% Rally?
Big Change In Tax Laws Ahead, Income Tax Dept Seeks Public Feedback On New Rules Before April 1
Big Change In Tax Laws Ahead, Income Tax Dept Seeks Public Feedback On New Rules Before April 1