Shares of cos with Rakesh Jhunjhunwala’s investments settle on a mixed note

0


Shares of companies with investments from late billionaire investor Rakesh Jhunjhunwala ended on a mixed note on Tuesday.

The 62-year-old investor, known as India’s Big Bull and Warren Buffett for his investment acumen, died on Sunday.

Jhunjhunwala had investments in more than three dozen companies, the most valuable being watchmaker and jeweler Titan, part of the Tata group.

Titan ended up 0.88% at Rs 2,493.65. During the day, it gained 1.09% to Rs 2,499.

Among its portfolio companies, Aptech shares fell 0.04% to stand at Rs 232.65 on BSE after falling 5.92% to Rs 218.95 during the day.

Shares of Metro Brands fell 1.36% to Rs 842.70. During the day, it fell 3.13% to Rs 827.50 on BSE.

Agro Tech Foods fell 0.62%.

Among the gainers, Star Health climbed 1.62% to Rs 707.40 after falling 4.79% to Rs 662.75 in intraday trading.

Tata Motors rose by 2.55%, Nazara Technologies by 2.44%, NCC Limited by 2.09%, Indian Hotels by 1.32%, Crisil by 1.02% and Titan Company by 0.88%.

Among other companies, Canara Bank gained 0.54% and Rallis India climbed 0.13%.

According to data from Trendlyne, Jhunjhunwala and associates publicly owned 32 shares with a net worth of over Rs 31,905 crore at the end of June quarter 2022.

On Tuesday, BSE’s benchmark 30-stock index advanced 379.43 points or 0.64% to settle at 59,842.21 points.

Stock markets were closed on Monday due to Independence Day.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and up-to-date with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Share.

Comments are closed.