On Tuesday, 19th July 2022, Rakesh Jhunjhunwala, an ace investor, sold 30 lakh shares of auto giant Tata Motors during the April-June quarter. Earlier, Jhunjhunwala had increased his stake in the Tata group firm.
However, after holding steady for two quarters, Jhunjhunwala trimmed his stake in the company. Now, at the end of the April-June quarter, Jhunjhunwala owns a 1.09% stake in Tata Motors with 3.62 crore equity shares, which is down from 3.92 crore equity shares the big bull held at the end of the former quarter.
Since October 2021, shares of Tata Motors have been trading weak. It has fallen by 4.85% in the April-June quarter and now trades at ₹ 450 per share.
