In one month, Rakesh Jhunjhunwala earned Rs 215 crore from this stock

Despite negative stock market sentiments, the share price of Big Bull-backed Metro Brands has risen significantly in the previous month. In the previous month, this Rakesh Jhunjhunwala stock has risen from ₹515.05 to ₹570.05 per share, representing a gain of ₹55 per share, or 10.7%. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have made roughly ₹215 crore from this portfolio stock as a result of the growth in Metro Brand share price.

Rakesh Jhunjhunwala shareholding in Metro Brands

Rakesh Jhunjhunwala has invested in this newly listed footwear firm through his wife Rekha Jhunjhunwala, according to the Metro Brands shareholding pattern for the period January to March 2022. Rekha Jhunjhunwala owns 3,91,53,600 Metro Brands shares, or 14.43 percent of the company’s total paid-up capital.

Metro Brands share price history

Despite negative sentiments on secondary markets, this freshly listed Rakesh Jhunjhunwala stock has remained a bulls’ favourite. The company has remained a ‘buy on dips’ investment for bulls in the previous month, rising from ₹515.05 per share to ₹570.05 per share, a rise of ₹55 per share.

Rise in Rakesh Jhunjhunwala net worth

Rakesh Jhunjhunwala holds 3,91,53,600 Metro Brands shares, which have increased by 55 percent in the previous month. So, in the last month, Rakesh Jhunjhunwala made Rs 215 crore (55 x 3,91,53,6000) from the growth in Metro Brands shares.

In December 2021, this Rakesh Jhunjhunwala-backed company will conduct a public offering worth Rs 1,367.51 crore. Rakesh Jhunjhunwala’s stock had a shaky start on the BSE and NSE, as it was launched at a 14.50 percent discount. However, investors quickly became interested in buying the company, and it quickly rebounded after its initial public offering. On the day of its offering, Metro Brands’ stock closed at 493.35 per share on the NSE, after reaching an intraday high of 507.90 per share.