New Delhi: Rakesh Jhunjhunwala remains an investor in Escorts Limited, one of the leading auto engineering companies in India in Q3 FY22, according to the latest company filings with BSE. The big bulls of India’s stock market have also progressively increased their stake in the tractor maker during the quarter ended December 2021. But the total number of shares he owned remains the same.
As per the latest shareholding pattern of Escorts Limited, an ace Indian stock market investor holds 5.22% stake in the company as of the end of December 2021. In comparison, as per the company’s filings, he holds 4.75% stake in the company. Quarter ended 30 September.
However, as per a report in Mint, Rakesh Jhunjhunwala has the same total number of shares in Escorts Limited at 64,00,000 in both the shareholding patterns.
For the unversed, Escorts Ltd. is a manufacturer of farming and construction equipment. The company’s stock has clearly been performing well for quite some time, rising more than 45% in one year.
Many stock market investors in India closely follow Rakesh Jhunjhunwala’s bets on stocks hoping to make a fortune in no time. Time and again, this ace investor has made several major bets to become a billionaire. Read also: CES 2022: From Sony PlayStation VR2 headsets to new Google tools, see 5 futuristic unveilings
He invests in the stock market under the name of Rekha Jhunjhunwala in the name of himself and his wife. He also runs Rare Enterprises, a private equity investment and asset management firm. Read also: FMCG Distributors Association ends picket against Colgate
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