Rakesh Jhunjhunwala Portfolio The share price of Big Bull-backed Metro Brands has given a strong bounce in the past one month amid weak stock market sentiment. This share of Rakesh Jhunjhunwala appreciated from 515.05 570.05 level in the last one month, logging 55 per share or 10.7 percent increase over the period. This rise in Metro brand share price has helped Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala earn approx. 215 crores from this portfolio stock.
Rakesh Jhunjhunwala’s stake in Metro Brands
According to Metro Brand Shareholding Pattern For the period January to March 2022, Rakesh Jhunjhunwala Invested in this newly listed footwear stock through his wife Rekha Jhunjhunwala. Rekha Jhunjhunwala holds 3,91,53,600 shares in Metro Brands, which is 14.43 per cent of the total paid-up capital of the company.
Metro Brand Share Price History
As mentioned above, this newly listed stock of Rakesh Jhunjhunwala continues to be a favorite of the bulls despite weak sentiments in the secondary markets. Over the past one month, the stock has been a ‘dip on dips’ stock for the bulls and has bounced off 515.05 from each level 570.05 per share level in the last one month, logging 55 per share increase by Rs.
Increase in net worth of Rakesh Jhunjhunwala
Since Rakesh Jhunjhunwala has 3,91,53,600 shares of Metro Brands which increased 55 per share in the last one month. So Rakesh Jhunjhunwala earned 215 crore ( 55 x 3,91,53,6000) from this increase in the shares of Metro Brands in the last one month.
This company backed by Rakesh Jhunjhunwala launched its public issue 1,367.51 crore in December 2021. Shares of Rakesh Jhunjhunwala had a weak opening on BSE and NSE as it got listed at a discount of around 14.50 per cent. However, the stock soon attracted investor interest and made a strong comeback after the listing. Metro Brands share price closed After making an intraday high of 493.35 each on the date of its listing on NSE 507.90 per share.