Rakesh Jhunjhunwala made a market value profit of Rs 20.53 crore in a single day when he bought Zee Entertainment shares yesterday. Additionally, he is earning more of this action with the uptrend that continues today. Rakesh Jhunjhunwala Rare Firms bought 50 lakh shares of Zee Entertainment Enterprises Ltd (ZEEL) at Rs 220.44 per share on Tuesday September 14th in wholesale trading. ZEEL stock closed at Rs 261.5 on Tuesday, earning Rakesh Jhunjhunwala a net sum of Rs 41 per share, for a total of Rs 20.53 crore.
Also read: Rare Enterprises and BofA Securities buy Zee Entertainment shares worth over Rs 225 cr
ZEEL stock continued yesterday’s rally, jumping another 12% today to a new 52-week high of Rs 295.15 intraday. The stock was up 34% from the purchase price of Rakesh Jhunjhunwala. The name of Rakesh Jhunjhunwala or Rare Enterprises does not appear in the shareholding diagram, as only entities that hold more than 1% of the company’s capital are indicated.
Outside of Rare Enterprise, here are the other notable ZEEL stock trades from yesterday:
– BofA Securities Europe SA bought 48.65 lakh shares of ZEEL at an average price of Rs 236.2 each
– Jump Trading Financial India Pvt Ltd bought 1.02 crore of shares at an average price of Rs 236.50 and sold at a price of Rs 236.66 each;
– In another transaction, Mansi Shares & Stock Advisors accumulated 60.78 lakh shares at a price of Rs 233.8 and unloaded them at Rs 233.69 per share;
– Similarly, Surjective Research Capital LLP bought 50 lakh and 80.53 lakh ZEEL shares in two transactions at Rs 220.44 and Rs 238.92, respectively. The company sold 80.58 lakh at Rs 239.04 a piece through a wholesale transaction on NSE;
– XTX Markets LLP accumulated 55.80 lakh shares at Rs 241.37 and sold 55.16 lakh shares at an average price of Rs 242.20 per share.
In the previous session, ZEEL’s stock price jumped nearly 40 percent in hopes of a re-valuation of the stock. Zee’s biggest investors, Invesco and OFI Global, have called for Punit Goenka’s removal as chief executive. Investors also called for the dismissal of two other directors Manish Chokhani and Ashok Kurien.