If you have any interest in the stock market, then you must have heard the name of Rakesh Jhunjhunwala. He is called the Warren Buffett of India. Retail investors blindly trust their portfolio and keeping that in mind, they prepare their portfolio and also invest. Now it seems that foreign investors (FIIs) and mutual fund houses are also following him.
Between the first quarter of the current financial year i.e. April-June, Rakesh Jhunjhunwala played a bet on Indiabulls Housing Finance Company and bought 2.17 percent stake in it. Mutual funds have also increased their stake in this quarter from 2.81 per cent to 2.95 per cent. The number of mutual funds has also increased from 12 to 13. FIIs/FPIs have also increased their stake in it from 33.61 per cent to 33.63 per cent. Apart from this, Rakesh Jhunjhunwal has also bought 1.39 percent stake in SAIL in the June quarter.
Indiabulls Housing Finance Share
Shares of Indiabulls Housing Finance closed at Rs 275.45 this week. The 52-week high is Rs 314 and the low is Rs 127. Its market cap is 12,737 crores. Its stock has fallen about 3 percent this week. This stock has given excellent returns of 5.50 per cent in one month and 52 per cent in three months.
bought 1.39 percent stake in SAIL
Rakesh Jhunjhunwala has also invested in SAIL in this quarter. He has bought 5.75 crore shares of this company. His stake in the company is 1.39 percent. SAIL’s stock closed at Rs 142 this week. The 52-week high is Rs 151 and the lowest level is Rs 33. The company’s market cap is 58,674 crores.
SAIL stock performance
SAIL’s stock has gained 12.25 percent in one week, 8.77 percent in one month, 18 percent in three months, 92 percent so far this year and 315 percent in last one year. Mutual funds have reduced their stake in this company from 5.67 per cent to 5.59 per cent in this quarter. Number of mutual fund schemes increased from 34 to 37. FIIs/FPIs have increased their stake from 4.32 per cent to 5.01 per cent.
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