Shares of companies with Jhunjhunwala investments settle on mixed rating

Shares of companies with investments from late billionaire investor Rakesh Jhunjhunwala ended on a mixed note on Tuesday.

The 62-year-old investor, known as India’s Big Bull and Warren Buffett for his investment acumen, died on Sunday.

Jhunjhunwala had investments in more than three dozen companies, the most valuable being watchmaker and jeweler Titan, part of the Tata group.

Titan ended up 0.88% at Rs 2,493.65. During the day, it gained 1.09% to Rs 2,499.

Among its portfolio companies, Aptech shares fell 0.04% to stand at Rs 232.65 on BSE after falling 5.92% to Rs 218.95 during the day.

Shares of Metro Brands fell 1.36% to Rs 842.70. During the day, it fell 3.13% to Rs 827.50 on BSE.

Agro Tech Foods fell 0.62%.

Among the gainers, Star Health climbed 1.62% to Rs 707.40 after falling 4.79% to Rs 662.75 in intraday trading.

Tata Motors rose by 2.55%, Nazara Technologies by 2.44%, NCC Limited by 2.09%, Indian Hotels by 1.32%, Crisil by 1.02% and Titan Company by 0.88%.

Among other companies, Canara Bank gained 0.54% and Rallis India climbed 0.13%.

According to data from Trendlyne, Jhunjhunwala and associates publicly owned 32 shares with a net worth of over Rs 31,905 crore at the end of June quarter 2022.

On Tuesday, BSE’s benchmark 30-stock index advanced 379.43 points or 0.64% to settle at 59,842.21 points.

Stock markets were closed on Monday due to Independence Day.

(PTI)