Ace investor Rakesh Jhunjhunwala has purchased stake in state-run metal maker Metal Authority of India Restricted (SAIL), shareholding sample launched by the corporate to inventory exchanges confirmed. Rakesh Jhunjhunwala had 5.75 crore shares in SAIL equaling to 1.39 per cent stake within the firm, in line with SAIL’s June shareholding sample.
Shares in SAIL rose as a lot as 1.eight per cent to hit an intraday excessive of Rs 127.40 after the shareholding sample was launched.
Mr Jhunjhunwala often known as the ‘Huge Bull’ has reduce his stake in jewelry and watch retailer – Titan to three.72 per cent from 3.97 per cent.
SAIL shares have thus far this 12 months jumped 72 per cent massively outperforming the Sensex which has superior 11 per cent.
As of 12:06 pm, SAIL shares have been buying and selling 1.77 per cent increased at Rs 126.75.