Nazara Technologies Limited, Titan Limited and Anant Raj Limited have surged by more than 5% on Tuesday’s early trades. Ace Investor Rakesh Jhunjhunwala holds a stake in these stocks.
Tata Group stock, Titan Limited surged for the second day in a row after global brokerage Macquarie said that the stock of the luxury goods maker remains in its Asia marquee ‘buy’ list. Macquarie has an ‘outperform’ rating on the stock with a target price of 3,000. The shares gained 5.86% by 11:36 AM on Tuesday.
Titan forms a major part of Big Bull’s portfolio. Along with his wife, Rakesh Jhunjhunwala holds 44,850,970 shares in the company as per the data available for the March quarter. These shares are worth ₹ 9,281.9 Crores, making it a stock where the ace investor has parked most of his money.
Nazara Technologies Limited
The gaming company has decided to make a strategic investment of up to ₹ 20.1 crores in material subsidiary Absolute Sports, after which its share price surged 6.01% by 11:45 AM on Tuesday.
“Acquisitions are part of the DNA of the company and Nazara will continue to look at opportunities across the spectrum of gaming firms, including game studios,” said Nitish Mittersain, joint MD at Nazara Technologies.
In addition, the company had informed that its board of directors had fixed Monday, June 27th, 2022 as the record date for the issue of bonus shares in the ratio of 1:1. However, the bonus issue is subject to approval by shareholders.
Ace Investor Rakesh Jhunjhunwala holds a 10.1% stake in the company. In other words, he has 32,94,310 shares worth ₹355.8 Cr in the company.
Anant Raj Limited
The shares of Anant Raj Limited have climbed 7.96% higher to ₹46.80 apiece. India’s own Warren Buffet that is Rakesh JhunJhunwala holds 10,000,000 shares in the realty company counter. These shares are worth ₹ 46.4 Crores.
Written By – Simran Bafna
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