Rakesh Jhunjhunwala earned ₹310 crore from this Tata stock in 3 sessions

With the extended rally in the auto stock, its investor Rakesh Jhunjhunwala, who holds a 1.14 per cent stake in the Tata group company, has earned ₹310 crores from the increase in these 3 days.

Rakesh Jhunjhunwala holding in Tata Motors

As per the shareholding pattern of Tata Motors April to June 2021, Rakesh Jhunjhunwala holds 3,77,50,000 shares, which is 1.14 per cent of the total paid-up capital of the company.

‘Warren Buffett of India’ had cut his stake in the company in the April-June 2021 quarter as he held 4,27,50,000 Tata Motors shares or 1.29 per cent stake in the company in the March 2021 quarter. The auto major is yet to announce its shareholding pattern for the September 2021 quarter.

Rakesh Jhunjhunwala Net Worth Growth in Tata Motors

Since Rakesh Jhunjhunwala owns 3,77,50,000 shares of Tata Motors, and the share price of Tata Company has gone up ₹335.60 per share to ₹417.80 each — registering an increase ₹82.20 per equity share, the price rally of this share of Tata Motors in the last 3 trading sessions closes the net earnings of Big Bull ₹310 crore ( ₹82.20 x 3,77,50,000).

Tata Motors Share Price Outlook

Stock market experts are still bullish on this auto counter. He believes that the share price of Tata Motors has given a fresh breakout at ₹400 on closing basis. This means that the stock may continue to rally further in the coming sessions.

Speaking on the share price target of Tata Motors; Sumeet Bagdia, Executive Director, Choice Broking said, “Tata Motors has got a fresh start ₹400 on closing basis means the stock is still positive on the chart pattern. Shares of Tata Motors can be bought at the current market price for the target of Rs. ₹maintain stop loss at 450 ₹390 per share level.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.