The stocks in Rakesh Jhunjhunwala's portfolio which witnessed a downfall on Tuesday, has rebounded on Wednesday, but few stocks still trading in red, a market data read.
During the afternoon trade, shares of CRISIL traded down 2.03 percent, Federal Bank was down 1.09 percent, Karur Vyasa Bank was down 0.92 percent, and Escorts Kubota was down 0.39 percent.
On Tuesday, the first trading day following Jhunjhunwala's passing, stocks were drastically down, but today they are trading up.
Stocks like Aptech, which down 5 percent on Tuesday, are currently trading 0.95 percent higher, while Metro Brands, which fell over 1 percent, is currently trading 0.27 percent higher on Wednesday.
Jhunjhunwala, an iconic investor, passed away on Sunday. He passed away at 62 years old. The "Big Bull" of Dalal Street, as he was called.
Jhunjhunwala started his portfolio in 1985 with barely Rs 5,000 and eventually grew it to a whopping Rs 11,000 crore. He eventually rose to prominence as India's largest stock market investor, building up a staggering Rs 11,000 crore in assets.
He made his first significant profit in 1986 from the Tata Tea stocks. It has been predicted that his largest investment to date will be in Titan, which was worth about Rs 7,000 crore.
Along with these companies, he also invested in Fortis Healthcare, Aurobindo Pharma, Ion Exchange, Lupin, Geojit Financial Services, VIP Industries, Rallis India, Jubilant Life Sciences, and other companies.
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