Rakesh Jhunjhunwala Earns Rs 101 Crore During Muhurat Trading Session

New Delhi: The ace investor Rakesh Jhunjhunwala has pocketed huge returns as he earned Rs 101 crore from his five portfolio stocks in this year's muharat trading session.

In his portfolio, Indian hotel was one of the top gainers posting a gain of 6 percent in the one-hour trading session. Along with Indian hotels, the Tata Motors too benefited the billionaire investor.

The share price of Tata Motors closed at Rs 490.05 apiece with a gain of 1 percent in this Muhurta trading session. Before muhurat trading, the value of Tata Motors shares in Big Bull's portfolio was Rs 1,783 crore. Later, it increased by Rs 17.82 crore to Rs 1,800 crore during the special session. So far, the share price of Tata Motors has risen 162 percent.

The share price of Indian Hotel closed at Rs 215.45 per share, up 5.95 percent during the Muhurta trading session. On Wednesday, the value of Indian Hotels was Rs 507.70 crore, but in the Muhurta session, the value was increased by Rs 31.13 crore to Rs 538.84 crore.

During the muhurat trading session, the share price of Crisil's rose 2 percent. Rakesh Jhunjhunwala holds 39.75 equity shares of the company, the value of the stock in his portfolio stood at Rs 1,144 crore at the end of yesterday's session as against Rs 1,123 crore on Wednesday. That is, a profit of Rs 21.72 crore was received for Big Bull.

In addition, Escorts too helped the veteran investor to the tune of Rs 18.11 crore. The stock price rose 2 percent on Muhurta trade and the value of the stock in the Big Bull portfolio rose to Rs 978 crore from Rs 960 crore earlier this week.

Notably, the Big Bull also made Rs 12.6 crore from its gaming and hospitality stake, Delta Corp. The stock jumped 3.3 percent during the Muhurta trading session, taking the value of the stock in the Big Bull portfolio to Rs 563.40 crore from Rs 550.80 crore on Wednesday.

Meanwhile, the government has also granted No Objection Certificate (NOC) to Akasa Air, backed by billionaire Rakesh JhunJhunwala.

Akasa Air is a low cost carrier and it is expected to take-off across India from next year and it's also planning to operate 70 planes in the next four years.

A low cost carrier is a 'No Frills Airlines' which means that only essential facilities are provided to the passengers, due to which the journey is cheap. Non-essential amenities such as in-flight entertainment, in-flight meals and business class seating are spared in order to make air travel affordable for passengers.

According to Forbes, the Rakesh Jhunjhunwala net worth is 600 crores USD.

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