‘Big Bull’ Rakesh Jhunjhunwala increased his stake in this stock, do you have it?

Rakesh Jhunjhunwala Portfolio: After garnering stellar returns from Tata Motors and Titan Company in the July to September 2021 quarter, it looks like big bull Rakesh Jhunjhunwala will be selling his other Tata stock – Tata Communications. Got very excited about it.

Rakesh Jhunjhunwala has invested in Tata Communications through his wife Rekha Jhunjhunwala. According to the shareholding pattern of Tata Communications for the July-September 2021 quarter, Rekha Jhunjhunwala’s stake in the Tata group company has increased from 1.04 per cent to 1.08 per cent.

Share in Rakesh Jhunjhunwala’s company
As per the shareholding pattern of Tata Communications for Q2FY22, Rekha Jhunjhunwala holds 30,75,687 shares of the company, which is 1.08 per cent of the total paid-up capital of the company.

Rekha Jhunjhunwala held 29,50,687 shares or 1.04 per cent stake in Tata Communications in the June 2021 quarter. Big Bull bought 1.25 lakh shares of Tata Communications in the July-September 2021 quarter.

Share Price History of Tata Communications
Shares of Tata Communications were under selling pressure in the last one week due to profit-booking. For the last one month, Tata’s stock is giving about 3.5 percent returns in this period.

However, in the last 6 months, the stock has given 30 per cent returns to its shareholders, while the share price of Tata Communications has risen nearly 65 per cent in the past one year.

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