The share price of Nagarjuna Construction Company (NCC) Ltd. hiked around 2% intraday Thursday as a reputable investor Rakesh Jhunjhunwala purchased more stakes in the company. He bought 80,00,000 additional shares of the company in the last quarter (October to December) of the year 2018.
Rakesh was already holding 1,16,00,000 shares and Rekha Jhunjhunwala was holding 4,51,08,266 shares at the end of 3rd quarter September 2018.
Who is Rakesh Jhunjhunwala?
He is an Indian Billionaire trader cum investor and manages his portfolio as a partner in his own asset management firm named Rare Enterprise. By profession, he is a chartered accountant (CA). The net worth of Rakesh is around 270 Crores USA (2018).
About NCC Ltd.
Incorporated in 1978, NCC Ltd. focuses on urban infrastructure projects like development of commercial and residential buildings, complexes, service apartments, etc.
At 03:43 PM, January 10, 2019, the share price was quoting INR 93.10 up INR 2.45 or 2.70%