Rakesh Jhunjhunwala raises stake in Fortis Healthcare; share worth rallies 30% in Jan-Mar 2021

Rakesh Jhunjhunwala held 3.25 crore shares, or 4.31 per cent stake, in Fortis Healthcare on the finish of the March quarter

Ace investor Rakesh Jhunjhunwala has raised his stake in Fortis Healthcare within the January-March quarter of the 12 months 2021. Rakesh Jhunjhunwala held 3.25 crore shares, or 4.31 per cent stake, in Fortis Healthcare on the finish of the March quarter, in line with a BSE submitting. Beforehand, on the finish of the December quarter 2020, Rakesh Radhyshyam Jhunjhunwala alongside together with his spouse Rekha Jhunjhunwala collectively held 3 crore shares (Jhunjhunwala held 1.35 crore shares and his spouse held 1.64 crore shares of Fortis Healthcare) or 3.97 per cent stake in Fortis Healthcare.

Within the March quarter, mutual funds have additionally hiked their stake within the healthcare firm to 9.24 crore shares or 12.25 per cent stake from 8.11 lakh shares or 10.74 per cent stake within the December quarter. The mutual fund establishments embrace ICICI Prudential Midcap fund, Aditya Birla Solar Life Trustee Personal Ltd and Nippon Life India Trustee Ltd.

Nevertheless, overseas portfolio buyers (FPIs), minimize their stake to 25.98 crore shares or 34.42 per cent stake within the March quarter as in comparison with 27.80 lakh shares or 36.83 per cent stake within the December quarter. The FPIs in Fortis Healthcare embrace Aberdeen International Indian Fairness Ltd, UBS Principal Capital Asia Ltd, Jupiter India Fund, York Asian Strategic Metric Grasp LP, York Asian Alternatives Investments Grasp Fund, East Bridge Capital Grasp Fund I Ltd and Goldman Sachs (Singapore) PTE.

Fortis Healthcare share worth rallies 30% in March quarter

Earlier this month, Fortis Healthcare share worth rose to hit a brand new 52-week excessive of Rs 227.20 apiece on BSE. The inventory touched its 52-week low of Rs 113.20 apiece on Could 26, 2020. Thus far this month, the inventory worth has corrected 0.6 per cent. Whereas to this point within the calendar 12 months 2021 (YTD) Fortis Healthcare share worth has surged 29 per cent. The inventory closed at Rs 155.85 apiece on January 1, 2021. Whereas within the January-March quarter inventory has jumped 27.68 per cent. Within the earlier session of April 13, 2021, Fortis Healthcare inventory closed 2.64 per cent down at Rs 200.75 apiece with a complete market capitalisation of Rs 15,155.78 crore.

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