Rakesh Jhunjhunwala, popularly known as Big Bull in the Indian stock market, has made a big change in his portfolio. In the period January-March of 2022, Rakesh Jhunjhunwala has reduced stake in many companies, while in some he has increased his stake.
What is the share in SAIL: Rakesh Jhunjhunwala has reduced his stake in PSU metal company Steel Authority of India Limited (SAIL). According to the latest information, as of the December quarter, Rakesh Jhunjhunwala held 1.09 per cent stake or 4,50,00,000 shares in the company. Big Bull had reduced its stake in the company from 1.76 per cent to 1.09 per cent.
Now in the March quarter also, the stake has been reduced. However, it is not clear whether Jhunjhunwala sold his entire stake in the company or his stake slipped below one per cent during the January-March period.
SAIL Share Price: The share price of SAIL was Rs 101.90 at the end of trading on Wednesday. There is a decline of 2.11 percent compared to a day earlier. The stock is down about 8 per cent in the year-over-year period. After hitting a 52-week low in February this year, the stock has gained over 24 per cent. Let us inform that on February 24, the share price had come down to a low of Rs 84.50.
Read this-Tata’s company’s shares will cross Rs 300, expert advice – buy now
Let us tell you that Rakesh Jhunjhunwala invests in the name of both himself and wife Rekha Jhunjhunwala. He is a qualified Chartered Accountant and manages the asset firm Rare Enterprises.