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Rakesh Jhunjhunwala has sold the shares of his favorite company Tata Group, surprising the investors. Jhunjhunwala has made profit booking in Tata Motors DVR in the fourth quarter of FY 2022
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All eyes are on the portfolio of Rakesh Jhunjhunwala, a veteran investor in the stock market. Rakesh, who is called the Big Bull of the stock market, has meanwhile sold the shares of the Tata Group, surprising the investors. Jhunjhunwala has made profit booking in Tata Motors DVR in the fourth quarter of FY 2022.
Rakesh Jhunjhunwala has increased his stake in his preferred Tata Group stock to 2.95 per cent during the March 2022 quarter. According to the shareholding pattern of Tata Motors DVR for the March quarter, Rakesh is now left with 1,50,00,000 shares or 2.95 per cent stake in this company, which was 3.93 per cent earlier.
However, Rakesh Jhunjhunwala is a veteran investor in the market and after selling the shares of this company, the share of this company in his portfolio has decreased. It is not clear whether Rakesh Jhunjhunwala has sold his 0.98 per cent stake in the Tata Group company piecemeal or all together. However, on Wednesday 20 April 2022, Tata Motors DVR was trading at a level of Rs 218.70 with a gain of 1.13 per cent on the BSE.
(Inputs From Agencies)