Rakesh Jhunjhunwala Increased his Holding in Hospital Chain in Q4
Ace investor Rakesh Jhunjhunwala significantly increased his holding in hospital chain Fortis Healthcare and bought shares worth Rs 260 crore in the March quarter. The data, released on Tuesday, shows the Big Bull bought 1.25 crore shares of the company, raising his holding to 4.31 percent at the end of the March quarter, from 2.65 per cent in the previous quarter.As of Monday's close, his holding in the company is valued at Rs 671 crore.
However, Fortis Healthcare shares declined over 2% in afternoon trade on Tuesday following a positive opening. The stock has delivered a 20.47% return to investors in the last three months.
Mutual funds also significantly increased their holding in the company in the final quarter of FY21. They held a 12.25 per cent stake in the company as of March 31, as against 4.99 per cent as of December 31.
Retail investors also raised their holding in the stock, to 4.91 percent from 4.63 percent. On the other hand, foreign portfolio investors trimmed their holding to 34.42 percent from 43.24 per cent.