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RK Damani, Rakesh Jhunjhunwala stocks that rallied up to 15% today

Data showed shares of Delta Corp and Avenue Supermarts climbed 5% each in today’s trade.

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Last Updated: Apr 07, 2020, 03.51 PM IST
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​Stage 2: Relief Rally
Jhunjhunwala, who has more than 1 per cent stake in nearly 30 stocks, saw his portfolio stocks rising up to 15 per cent.
NEW DELHI: Stocks owned by ace investors Rakesh Jhunjhunwala and Radhakishan Damani jumped up to 15 per cent in Tuesday’s rally.

Data showed shares of Delta Corp and Avenue Supermarts climbed 5 per cent each during the session and the benchmark Sensex jumped some 2,400 points to get past the psychologically important 30,000 mark.

RK Damani held 1.32 per cent stake Delta Corp at the end of December quarter, while Jhunjhunwala and his better half Rekha Jhunjhunwala held 7.3 per cent.

With Tuesday’s gain, the scrip has rallied 28 per cent in last one week.

In the case of Avenue Supermarts, Radhakishan Damani held 37.19 per cent stake as of December 31. Including his family members, trusts and investment firm, he held 79.73 per cent at the end of third quarter.

Among others, Simplex Infra jumped 5 per cent, Spencer’s Retail 4 per cent and VST Industries 3 per cent. Damani was not among the key shareholders in these three firms at the end of Q2FY20, but held over 1 per cent in each of them at the end of Q3FY20.

Jhunjhunwala, who held more than 1 per cent stake in nearly 30 stocks at the end of December, saw his portfolio stocks rise up to 15 per cent. The biggest was Rallis India, which gained 15 per cent to hit a high of Rs 193 on BSE on Tuesday. The Big Bull owned 9.79 per cent stake in this company at the end of third quarter.

Aptech, another stock in his portfolio, advanced 12 per cent to Rs 89.80. The ace investor held 24.24 per cent stake in this company as of December 31.

Jubilant Lifescience and Karur Vysya Bank jumped 10 per cent each, while Jhunjhunwala’s biggest bet Titan rallied nearly 10 per cent. Big Bull together with his wife held 5.94 crore shares, or 6.69 per cent stake in Titan as of December 31.

TV 18 Broadcast, Escorts, Lupin, Agro Tech Foods and Orient Cement are Jhunjhunwala’s other bets which gained between 5 per cent and 10 per cent during the session.

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