New Delhi. Congress leader Rahul Gandhi had raised doubts over the wild rise in the Indian stock market during the tenure of the Modi government. While according to the latest data, he has earned a profit of Rs 46.49 lakh from his stock investments in the last five months. According to calculations done by IANS, the total amount of Rahul Gandhi’s investment in the stock market on March 15, 2024 was around Rs 4.33 crore, which increased to around Rs 4.80 crore by August 12, 2024. This profit has been calculated on the basis of the shares disclosed in his Lok Sabha nomination papers.
Rahul Gandhi’s portfolio includes stocks of companies like Asian Paints, Bajaj Finance, Deepak Nitrate, Divi’s Labs, GMM Pfaudler, Hindustan Unilever, Infosys, ITC, TCS, Titan, Tube Investments of India and LTI Mindtree. Out of his total 24 stocks, he is currently in loss in four companies – LTI Mindtree, Titan, TCS and Nestle India.
Apart from this, his portfolio also includes stocks of smaller companies like Vertoz Advertising Limited and Vinyl Chemicals. Due to the corporate action of Vertoz Advertising Limited, the number of shares of this company has increased from 260 to 5,200 on March 15, 2024. The stock market is witnessing a strong boom in the third term of the NDA government led by Prime Minister Narendra Modi. Sensex and Nifty have broken many records and reached new highs in the last few months.
Meanwhile, in a video message on Sunday, Rahul Gandhi urged the Prime Minister to form a Joint Parliamentary Committee (JPC) to probe the allegations levelled against the SEBI chief by US short-selling firm Hindenburg. He said the integrity of SEBI, which safeguards the wealth of small retail investors, has suffered a serious setback due to the allegations.
However, investors shrugged off Hindenburg’s latest allegations and benchmark indices performed mostly flat on Monday. Sushil Kedia, founder and CEO of Kedianomics, told IANS that Hindenburg’s report came out 18 months ago after making tall claims on Adani Group, and the Supreme Court-monitored investigation found nothing. SEBI had also issued a show-cause notice to the research firm for violating securities market rules.
