Stock Market Update:
Despite the weakening of the stock market, Rakesh Jhunjhunwala, known as the Big Bull, has earned about ₹ 215 crore in one month. Shares of Big Bull-backed Metro Brand have risen from 15 515.05 to ₹ 570.05 in the past month, rising ₹ 55 per share, or 10.7 percent.
This increase in the share price of Metro brand has helped Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala to earn around Rs 215 crore from this portfolio stock.
Rakesh Jhunjhunwala’s stake in Metro Brands
As per the shareholding pattern of Metro Brands for the period January to March 2022, Rakesh Jhunjhunwala has invested in this newly listed footwear stock through his wife Rekha Jhunjhunwala. Rekha Jhunjhunwala owns 3,91,53,600 shares of Metro Brands, which is 14.43 per cent of the total paid up capital of the company.
Metro brand share price history
Despite the weak sentiments in the markets, this new listed stock of Rakesh Jhunjhunwala remains a favorite of bulls. In the last one month, the stock remains ‘dips on dips’ for the stock bulls and it has risen from 15 515.05 to 70 570.05 per share in the last one month, recording an increase of ₹ 55 per share in this period. Has been done.
Increase in total assets of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala owns 3,91,53,600 shares of Metro Brands, an increase of ₹ 55 per share in the last one month. So, Rakesh Jhunjhunwala earned ₹ 215 crore (₹ 55 x 3,91,53,6000) from this increase in shares of Metro Brands in the last one month.
Supported by Rakesh Jhunjhunwala, the company launched its public offering in December 2021 at a cost of Rs 1,367.51 crore. Rakesh Jhunjhunwala’s stock had a weak start on the BSE and NSE, as it was listed at a discount of about 14.50 per cent. However, the stock soon attracted investor interest and made a strong return after listing. Metro Brands’ share price ended at ₹ 493.35 on the NSE on its listing date after hitting an intra day high of ₹ 507.90 per share.
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