๐ KM Sugar Share Price Soars on Rakesh Jhunjhunwala’s Investment ๐
In a major development, veteran investor Rakesh Jhunjhunwala has entered a new share in his portfolio โ KM Sugar Mills Limited. Jhunjhunwala made a hefty investment in KM Sugar Mills Limited in the March 2024 quarter, purchasing close to 5 lakh shares of the company. He now holds a 0.54% stake in the company.
On Tuesday, 16th April, KM Sugar Mills’ share closed at โน30.03. The share price had reached a 52-week high of โน39.20 and a 52-week low of โน24.25. The company’s stock has been performing well, gaining investor interest.
According to Bloomberg data, in the December 2023 quarter, Jhunjhunwala held shares in 26 companies with a total investment value of $4.9 billion. Out of these 26 companies, 13 have disclosed their shareholding data for the March 2024 quarter, with some notable losses in companies like CRISIL, Tata Communications, Fortis Healthcare, Raghav Productivity Enhancers, NCC, and Canara Bank.
On Thursday, 18th April 2024, KM Sugar Mills’ share price surged by 19.90% to trade at โน36.0. Jhunjhunwala also sold a portion of his holdings in Tata Communications Limited and CRISIL in the March 2024 quarter. His stake in these companies has seen a slight decrease.
Jhunjhunwala’s investment decisions are closely watched by market participants, and his latest move into KM Sugar Mills Limited has generated a lot of buzz in the market. Stay tuned for more updates on this developing story!
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