There has been another change in the portfolio of Rakesh Jhunjhunwala, popularly known as Big Bull in the stock market. In fact, during the March quarter, Jhunjhunwala has increased his stake in housing finance company Indiabulls Housing. Jhunjhunwala’s stake in Indiabulls Housing Finance rose to 6 million equity shares, or 1.28 per cent, in the March quarter.
At the same time, Jhunjhunwala held 50 lakh or 1.08 percent equity shares of the company in the December quarter. Rakesh Jhunjhunwala has invested in Indiabulls Housing Finance since June last year. According to Trendline data, Jhunjhunwala’s stake in Indiabulls Housing Finance is around Rs 96 crore.
Share status: On Friday, Indiabulls Housing Finance shares closed at Rs 159.05, down 1.94 per cent on the BSE. The company’s market cap at the current closing price is Rs 7,452.63 crore. From January to March 2022, Indiabulls Housing shares fell over 28.5% on the BSE. Whereas so far this year, the shares have fallen by about 28 per cent.
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Jhunjhunwala is called the Warren Buffet of India. He also invests in the name of wife Rekha Jhunjhunwala. He is a qualified Chartered Accountant and manages the asset firm Rare Enterprises.