How’s Rakesh Jhunjhunwala’s Tata Motors Bet of 4 Crore Shares Doing?

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How’s Rakesh Jhunjhunwala’s Tata Motors Bet of 4 Crore Shares Doing?

By Aditya Raghunath

Investing.com -- In a regulatory filing on October 15, Rakesh Jhunjhunwala said that he had bought 4 crore shares of Tata Motors (NS: TAMO ) during the September quarter. That’s equivalent to a 1.29% stake in the company.

As of the end of trading on January 1, Tata Motors was trading at Rs 186.55. That values Jhunjhunwala’s stake at Rs 746.2 crore. The highest that Tata Motors' share price went to in the September quarter was Rs 151.85. If one assumes that the ‘Big Bull’ purchased Tata Motors shares on that date, they would have cost him Rs 607.4 crore. That translates into a profit of Rs 138.8 crore at the end of 2020. Not a bad deal at all.

What does the market have to say about the company? Brokerage firms have a buy rating on Tata Motors. CLSA has given the stock a target price of Rs 220 and has maintained a buy rating on the stock.

The Brexit deal between the EU and the UK allows free trade of goods between the parties, and that has removed a major risk potential for JLR (Jaguar Land Rover) which is owned by Tata Motors.

ICICI Direct has given a target of Rs 210 for Tata Motors while Motilal Oswal (NS: MOFS ) has said that the stock could hit Rs 230, an upside of over 23% from current levels.

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  • Rakesh Prasad @Rakesh Prasad
    Some one from Tata Motors pass some vital information to RJ. Definitely case of Insider trading. Sebi need to look in every trade RJ made till today.
    Like 7
    • Vidyasagar Appana @Vidyasagar Appana
      You seem to have some information. So please log a police complaint with proofs. They will sure do the investigatin then.
      Like 23
    • Vijay Agarwaal @Vijay Agarwaal
      I think sebi is highly corrupted organization and Modi Cabinet must watch it carefully. because SEBI functions properly then the growth of every sector will rise LEFT RIGHT CENTRE.
      Like 0
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  • Ravindra Joglekar @Ravindra Joglekar
    Expect Rs 197 and Rs 201 in few days.
    Like 3
  • Ravindra Joglekar @Ravindra Joglekar
    Expect Rs 197 and Rs 201 in few days.
    Like 3
  • Piyush bonde @Piyush bonde
    What is target of TATA MOTORS for the month of January 2021?
    Like 1
  • Yogesh Ahire @Yogesh Ahire
    already tatamotor overall uptrend then news rakesh jujun is invest to buy bull
    Like 3
    • Vishal Shastri @Vishal Shastri
      @Yogesh Ahire after he invested company announced that coming days they going to be debt free
      Like 0
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