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Rakesh Jhunjhunwala's this bet made him richer by Rs 265 crore in just a month
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Rakesh Jhunjhunwala's this bet made him richer by Rs 265 crore in just a month
Oct 7, 2021 6:46 AM

Ace investor Rakesh Jhunjhunwala-backed gaming and sports media platform Nazara Technologies' shares have given a return of 44 percent in the past one month alone. This has made the Big Bull wealthier by Rs 265.2 crore.

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The Nazara Tech stock made its debut on Dalal Street in late March. In its journey of a little more than six months, The stock has since grown 66.8 percent in value.

ALSO READ

: This Rakesh Jhunjhunwala-owned stock has surged 45% in a month, made him richer by Rs 160 crore

Jhunjhunwala — often touted as India's own Warren Buffett — held a 10.8 percent stake in Nazara Tech at the end of the June 2021 quarter, owning a total of 32.9 lakh shares.

ALSO READ: Rakesh Jhunjhunwala-backed Rare Enterprises buys stake in Zee Entertainment

At Wednesday's closing price, his stake in Nazara would be worth Rs 866.7 crore, as against Rs 601.5 crore a month ago — marking an increase of Rs 265.2 crore.

Rakesh Jhunjhunwala-backed Nazara Technologies' shares have made shareholders richer by 66.8 percent since March 30.

ALSO READ: PM Modi meets Rakesh Jhunjhunwala, says ace investor ‘very bullish on India’

Meanwhile, the Big Bull's name has appeared among shareholders of state-run lender Canara Bank. At the end of the September quarter, he held a 1.6 percent stake in the bank.

Here's how Jhunjhunwala's latest bets have performed in the recent past:

Stock/IndexReturn (%)
One monthThree monthsSix months
Sensex1.611.619.2
Nazara Tech44.155.259.6
Canara Bank11.812.816.6

Indian equity benchmarks are close to their all-time highs registered last month, having broken a series of records in the recent past in a broad rally that took Sensex past the 60,000 mark for the first time.

Catch the day's market action here

(Edited by : Ajay Vaishnav)

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