Rakesh Jhunjhunwala earned Rs 640 crore from this stock in 9 days, do you have it?

Multibagger Stock: Shares of Tata Motors climbed to its new 52-week high of Rs 502.90 on the NSE on Wednesday. Rakesh Jhunjhunwala Holding stock opened with gains of Rs 42.05 per share on Wednesday and climbed to a new 52-week high in morning deals. Tata’s stock has been skyrocketing for the past one month as it has gained 60 per cent in the last one month. However, if we look at the performance of Tata Motors stock in October 2021, this auto stock has helped Rakesh Jhunjhunwala’s net worth to grow close to Rs 640 crore in just 9 trading sessions.

Share Price History of Tata Motors
In the last 9 trading sessions, this stock of Rakesh Jhunjhunwala has risen from Rs 333.35 (Closing Price on 30 September 2021) to Rs 502.90 per share level. That is, it has increased by Rs 169.55 per share in this period. This rise in the shares of Tata Motors has been recorded in 9 trading sessions of this month.

Rakesh Jhunjhunwala holding in Tata Motors
As per the shareholding pattern of Tata Motors for the quarter 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 Tata Motors.

Jhunjhunwala from Tata Motors ₹How to earn 640 crores?
Since the shares of Tata Motors have risen by Rs 169.55 in the last 9 trading sessions and Rakesh Jhunjhunwala owns 3,77,50,000 Tata Motors shares, the net increase in the net worth of Rakesh Jhunjhunwala is approximately ₹640 crore ( ₹169.55 x 3. ,77,50,000).

Jhunjhunwala could earn more
Rakesh Jhunjhunwala could have earned more from this stock if he had not reduced his stake in Tata Motors in the June 2021 quarter. Big Bull reduced its stake in Tata Motors from 1.29 per cent in the March 2021 quarter to 1.14 per cent in the June 2021 quarter. Rakesh Jhunjhunwala sold 5 million shares of Tata Motors in the April to June 2021 quarter. Tata Motors has not yet announced its September 2021 shareholding.

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