Thursday , 27 April 2017
Home » Stocks » Stock News » Rakesh Jhunjhunwala hikes stake in Escorts, Rallis

Rakesh Jhunjhunwala hikes stake in Escorts, Rallis

9,023 views

RJ

Rakesh Jhunjhunwala has increased its investment in Escorts & Rallis India.

ESCORTS –  His stake in Escorts has gone up to 5.47 per cent from 4.98 per cent earlier.  Last August, Jhunjhunwala had bought 6,21,789 shares of Escorts through open market transaction. The shares were purchased on an average price of Rs 88.23 valuing the transaction at Rs 5.48 crore.

Escorts reported a net profit of Rs 45.55 crore in the quarter ended December 2013 as compared to a net profit of Rs 28.13 crore in the corresponding quarter a year ago.

At 12:20 p.m., Escorts was at Rs 131.60, up 3.18 per cent, on the BSE. It touched a high of Rs 133.05 and a low of Rs 128.50 intraday. Total traded volume is at 7.16 lakh shares against two-week average of 4.97 lakh shares.

Rallis India –  Jhunjhunwala has also raised his stake in Rallis India to 10.08 per cent from 9.13 per cent.

The ace investor has been bullish on agriculture sector as a theme and has been investing in agri related stocks like Rallis India and Escorts.

Rallis India was at Rs 169.50, up 2.79 per cent, on the BSE. It touched a high of Rs 174.10 and a low of Rs 165 intraday. Total traded volume is at 94,000 shares against two-week average of 21,000 shares.

 

See Portfolio Holding of Rakesh JhunJhunwala

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

http://wealth18.com/

About wealth18

The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc. Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.

2 comments

Leave a Reply

Your email address will not be published. Required fields are marked *

*

6000 + Subscribers – Subscribe to our New Posts

Copy Protected by Chetan's WP-Copyprotect.