Big Bull News: Veteran investor Rakesh Jhunjhunwala is considered an expert in the stock market. Whatever stocks Rakesh Jhunjhunwala invests in, their prices increase overnight. Similarly, the stock in which Rakesh Jhunjhunwala sells, that share does not find any buyer in the stock market.
Also read: Know six money tips of Warren Buffett, money will rain, money will never be tight in life
Bilcare’s stock rises sharply
The share price of Bill Care was at a level of ₹ 43.55 on 31 December 2020, which is at a price of ₹ 92.90 on 12 January 2022. In December 2021, the shares of Bilcare were at a price of Rs 80.75. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold around 20 lakh shares in Bill Care Ltd at the end of December quarter. According to the current price, this amount comes to more than ₹ 18 crores.
Big Bull trusts Bilcare
The interesting fact is that Rakesh Jhunjhunwala’s stake in Bilcare Limited continues to exist and Big Bull continues to trust Bilcare. Bill Yar Limited is a pharma company that sells products to leading pharmaceutical companies like Cipla and Serum Institute.
Bilcare shares
If we talk about last year, then the shares of Bilcare Limited have jumped more than 85% in a year itself. In the last week of December last year, the shares of Bilcare Limited have gained up to 10%. If we talk about the first 10 days of this calendar year, then the shares of Bill Care Limited have gained 15% in this.
Share sold in Mandhana
Rakesh Jhunjhunwala has sold a majority of his stake in specialty retail chain The Mandhana Retail Ventures. Jhunjhunwala’s name does not figure in the company’s latest shareholding pattern. It is clear from this that he has exited from this stock or his stake has remained less than one percent. According to the rules, the name of an investor holding less than one per cent stake is not required to be made public.
Also read: What is the benefit to Tata by becoming an IPL sponsor, know the whole thing here
Last chance to buy cheap branded shoes like Nike, Adidas
You can read the stories of Economic Times for excellent articles related to more than 20 sectors of business and in-depth information related to the industry. Click here to read the informative information of Economic Times.
.