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Rakesh Jhunjhunwala's this bet made him richer by Rs 265 crore in just a month

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Rakesh Jhunjhunwala-backed Nazara Technologies' shares have given a return of 67 percent since March 30, and 44 percent in the last one month alone.

Rakesh Jhunjhunwala's this bet made him richer by Rs 265 crore in just a month
Ace investor Rakesh Jhunjhunwala-backed gaming and sports media platform Nazara Technologies' shares have given a return of 44 percent in the past one month alone. This has made the Big Bull wealthier by Rs 265.2 crore.
The Nazara Tech stock made its debut on Dalal Street in late March. In its journey of a little more than six months, The stock has since grown 66.8 percent in value.
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Jhunjhunwala — often touted as India's own Warren Buffett — held a 10.8 percent stake in Nazara Tech at the end of the June 2021 quarter, owning a total of 32.9 lakh shares.
At Wednesday's closing price, his stake in Nazara would be worth Rs 866.7 crore, as against Rs 601.5 crore a month ago — marking an increase of Rs 265.2 crore.
Rakesh Jhunjhunwala-backed Nazara Technologies' shares have made shareholders richer by 66.8 percent since March 30.
Meanwhile, the Big Bull's name has appeared among shareholders of state-run lender Canara Bank. At the end of the September quarter, he held a 1.6 percent stake in the bank.
Here's how Jhunjhunwala's latest bets have performed in the recent past:
Stock/IndexReturn (%)
One monthThree monthsSix months
Sensex1.611.619.2
Nazara Tech44.155.259.6
Canara Bank11.812.816.6
Indian equity benchmarks are close to their all-time highs registered last month, having broken a series of records in the recent past in a broad rally that took Sensex past the 60,000 mark for the first time.
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