Jhunjhunwala bought 10 million stocks of Indiabulls Housing Finance Company, also increased trust in Federal Bank

Veteran investor Rakesh Jhunjhunwala has added another stock to his portfolio. According to the June quarter shareholding pattern, he has made fresh purchases in Indiabulls Housing Finance during this period. Jhunjhunwala has bought 1 crore shares of the company. After this move of Jhunjhunwala, today the Housing Finance Company is up by 4 percent. Apart from this, he has also increased 0.4 percent stake in Federal Bank. In the June quarter, apart from Indiabulls Housing Finance, he has also done fresh buying in SAIL.
Indiabulls Housing Finance up 4%.

Rakesh Jhunjhunwala has bought 2.2 per cent stake in housing finance company Indiabulls Housing Finance in the June quarter. He has bought 1 crore stocks of the company, whose current value is Rs 266 crore. After this news, today there is a strong rally in the company’s stock. The share of Indiabulls Housing Finance rose by 4 percent to reach a price of Rs 276 today. On Tuesday, it closed at Rs 266.

Federal Bank also increased shares

Rakesh Jhunjhunwala has also increased his stake in Federal Bank by 0.4 per cent in the June quarter. He now holds 2.8 percent stake in the company. He holds a total of 54,721,060 stocks of the bank, whose current value is close to Rs 460 crore. Today Federal Bank is also up about 1.5 percent and the stock is trading at a price of Rs 85. Federal Bank stock has given nearly 50 per cent return in the last one year.