Rakesh Jhunjhunwala portfolio: Big Bull owned 1.36 percent of the company’s shares as of the quarter ending in March 2022.
It seems that Big Bull Rakesh Jhunjhunwala is no longer as enthusiastic about metal stocks as he was a year ago. After nearly three-quarters ownership of National Aluminium Company Limited, the ace Indian investor has sold his stake in the metal stock. According to NACLO’s shareholding pattern for the April to June 2022 quarter, Rakesh Jhunjhunwala’s name does not appear on the company’s list of individual shareholders.
This indicates that Rakesh Jhunjhunwala has either sold the whole of his shares in the company during the April to June 2022 quarter, or he sold enough shares to bring his ownership below 1% of the company’s total paid-up capital.
Rakesh Jhunjhunwala shareholding in NALCO
As previously stated, Rakesh Jhunjhunwala’s name does not appear on the list of individual shareholders who possess 1% or more of the company’s shares. Despite the fact that his name appeared in the company’s shareholding structure for the quarter from January to March 2022. A listed firm must disclose the names of each individual shareholder who owns 1% or more of the company’s shares in accordance with exchange regulations. The rule does not, however, require listed businesses to disclose the specifics of share purchases and sales. As a result, we will be unable to determine whether Rakesh Jhunjhunwala sold all of his shares in the firm or booked a partial profit in the stock, resulting in his net shareholding in the company falling below 1% of NALCO’s total paid-up capital.
Rakesh Jhunjhunwala held 2.50 million NALCO shares, which accounted for 1.36 percent of the company’s total paid-up capital, according to the NALCO shareholding pattern for the quarter from January to March 2022.
NALCO share price history
The shares of NALCO have given their stockholders zero return during the previous year. Throughout this time, the NALCO share price dropped from around 89 to 73 pence per share, representing an almost drop of 18%. NALCO has lost close to 30% YTD, which will result in a zero return in 2022 as well.
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