Jhunjhunwala got high return in two months. Stock Market News.



Rakesh Jhunjhunwala invested in this stock, gives 135% return in two and a half months.


Veteran investor Rakesh Jhunjhunwala has bought 27.85 lakh shares of IIFL Securities. Jhunjhunwala made this investment during Thursday's trading session. According to the bulk deal data from BSE, the purchase has been done at a price of Rs 42.83.

The total value of this purchase is being estimated at Rs 12 crore. Separate figures show that Satpal Khattar has sold 3 million shares of IIFL Securities. They sold this at a price of 42.74 rupees.

Satpal Khattar held 62.16 lakh shares or 1.95 per cent stake in IIFL Securities at the end of the September quarter. The company's shares were listed on 20 September. IIFL Securities was separated from its parent company IIFL Holdings.

Last year, IIFL Holdings announced a split into three separate units of its financial, wealth and capital businesses. These three units were also listed on the stock market.

On 20 September 2019, IIFL Securities shares were listed at Rs 41.65 and slipped to Rs 19.10 on October 15. After this the stock had jumped 135 percent. The stock closed at Rs 44.95 on Thursday, registering a gain of 4.9 per cent.


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