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Home >Markets >Stock Markets >Rakesh Jhunjhunwala portfolio: Big Bull trims stake in another Tata group stock

Rakesh Jhunjhunwala portfolio: Indian ace investor and stock market trader Rakesh Jhunjhunwala has cut his stake in yet another Tata Group company during the April-June quarter of 2021. Known as the 'Big Bull', Jhunjhunwala has trimmed his stake in auto major Tata Motors, recent shareholding data showed. He also trimmed his stake in Titan Company during the quarter.

As per the shareholding pattern of Tata Motors for the June quarter, he holds 1.14 per cent of Tata Motors shares as compared to 1.29 per cent that he was holding in the previous quarter i.e., March 2021.

Rakesh Jhunjhunwala share holding in Tata Motors

The shareholding pattern of Tata Motors available with the BSE showed that Rakesh Jhunjhunwala now holds 3,77,50,000 Tata Motors shares, which is 50 lakh lesser from the number of shares his holdings showed after the March 2021 shareholding pattern. As Rakesh Jhunjhunwala sold out 50 lakh shares of this auto major, now his holdings in Tata Motors has come down from 1.29 per cent in March 2021 to 1.14 per cent in June 2021 quarter.

Impact on Tata Motors share price

After the news of 'Warren Buffett of India' trimming stake in Tata Motors, the auto stock has dipped to the tune of near 1.5 per cent in the intraday trade. Tata Motors share price today opened with a lower gap of 1.85 and this gap went on to become deeper. At the time of this news writing (at 2:11 PM), Tata Motors share price at NSE was 304.45 per stock mark — 4.40 lower from its Monday close price at NSE.

Separately, in Titan, he cut his stake to 3.72% in the first quarter of FY22 from 3.97% in the previous quarter. While his wife Rekha Jhunjhunwala's stake remained the same at 1.09% during the quarter. Now after the recent stake cut, he and his wife together hold 4.85% stake in the company as of June 2021.

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