Rakesh Jhunjhunwala increased stake in this auto stock after increasing by 40% in 6 months

Rakesh Jhunjhunwala’s stake in Escorts

As per the shareholding pattern of Escorts, in the period January to February 18, 2022, Rakesh Jhunjhunwala holds 75 lakh Escorts shares, which is approximately 5.80 per cent of the total issued paid-up capital of the company. If we look at the shareholding pattern of Escorts for Q3FY22, Big Bull held 64 lakh shares of the company, which was around 5.22 per cent of the total issued paid-up capital of the company. So Rakesh Jhunjhunwala increased his stake in the company after adding 11 lakh more Escorts shares to his portfolio.

Rakesh Jhunjhunwala’s net worth in Escorts

As Rakesh Jhunjhunwala now has 75 lakh shares of the company and Escorts share price today is 1870, the net worth of Rakesh Jhunjhunwala in the company comes to approx. 1400 crore ( 1870 x 750000).

Escorts Share Price History

Escorts’ share price has remained sideways for the past month, gaining a little over one percent in this period. However, in the last six months, Escorts share price has risen from approx. from 1310 1870 at each level, appreciating more than 40 percent. This may have been the reason why Rakesh Jhunjhunwala changed his belief about the auto major from neutral to bullish.

Escorts Share Price Outlook

advising positional investors to add Escorts shares to their stock portfolio; Sumeet Bagdia, Executive Director, Choice Broking said, “Escorts shares are in a bullish trend. One can buy this Rakesh Jhunjhunwala share at the current market price and hold it for the short term target. from 1900 Maintaining a Stop Loss in 1950 1800 each level.”

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