As the auto index approaches a record high, Rakesh Jhunjhunwala adds this auto stock to his portfolio

Big Bull holds 18,30,388 shares, or 1.39 percent of the company’s total paid-up capital, according to Rakesh Jhunjhunwala’s portfolio.

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Following the end of Q1FY23, ordinary investors and market watchers are busy looking through the portfolios of renowned Indian investors to get a sense of how the smart money is moving. There is some stock market news for these investors and market watchers. Large Bull Rakesh Jhunjhunwala has acquired stock in Escorts Kubota, an automobile manufacturer. The company’s most recent shareholding pattern includes the name Big Bull.

Rakesh Jhunjhunwala shareholding in Escorts Kubota

Rakesh Jhunjhunwala currently owns 18,30,388 shares in Escorts Kubota, which is 1.39 percent of the company’s total paid-up capital, according to the company’s shareholding patterns for the period from April to June 2022. Rakesh Jhunjhunwala’s name was absent from the list of the company’s individual shareholders for the quarter from January to March 2022, according to the company’s shareholding pattern. This indicates that during the quarter from April to June 2022, Rakesh Jhunjhunwala purchased new stock in the company.

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It would be difficult to prove whether Rakesh Jhunjhunwala purchased all of these Escorts Kubota shares in Q1FY23 or whether he purchased some new issues of the company in the quarter that just ended in June 2022 while continuing to hold some stocks of the company (below 1% of Escorts Kubota’s total paid up capital) from the previous quarter. Because listed firms are required by exchange filing regulations to disclose the names of the shareholders who possess 1% or more of the company, it is also impossible to determine whether Big Bull purchased all of these shares at once or in a measured manner.

Escorts Kubota share price history

This new Rakesh Jhunjhunwala stock underwent some consolidation after trading sideways from December 2021 to March 2022. However, it has shown some sudden upward swings over the past month, yielding a return of almost 14%. Escorts Kubota shares increased by over 48% throughout the course of the previous year, from about ₹1670 to ₹1729 per share. This auto stock has increased by 165 percent over the past five years, rising from about ₹655 to values of ₹1729 over that time.