Rakesh Jhunjhunwala news: 10 stocks in the box of Rakesh Jhunjhuwala who took a big jump after the budget

 Engineering and construction company NCC is at number one in this list, the stock has risen 41% since the budget day. The budget was introduced on 1 February. Jhunjhunwala holds a 12.84 per cent stake in NCC as per December quarter data. According to Philip Capital, NCC shares rose due to announcements made in the budget for the infrastructure sector. According to CLSA, the order backlog of the company had fallen by 11 per cent year-on-year in the second quarter of FY 2021 but the company received orders worth Rs 13,700 crore in the third quarter.

Karur Vysya Bank's stock in Tamil Nadu has gained 24.5 per cent since its budget day. Regarding this share of Jhunjhunwala, analysts say that special attention has been given to Tamil Nadu in the budget, which led to the rise in the bank's shares. According to ICICI Securities, the credit growth of the state has been around single digit for the last 6 years. Growth can be back on track with the announced capex and a bank like Karur will benefit from it.

Aptech also washed hands in the flowing Ganges

Jhunjhunwala has a 23.84 per cent stake in education company Aptech. The stock has gained 21 per cent since the budget day on 1 February. Jhunjhunwala has recently filed a Consent application with SEBI in the alleged insider trading case in the shares of this company.

Escorts leap

Jhunjhunwala has a 4.75 per cent stake in Escorts. The stock has climbed 4.75 percent from the budget. Analysts say the demand for tractors will remain in the coming days. According to IDBI Capital, measures taken to promote agricultural activities in the budget will increase demand for tractors.

How much Federal Bank shares rose

Federal Bank's stock has risen 15 percent from the budget. Jhunjhunwala holds 2.4 per cent shares in this company as per December quarter data. The bank's loan book is continuously increasing with retail. Axis Securities has placed it in the top shares in its February note.

These 5 stocks also rose

Ion Exchange (India), Firstsource Solutions, Prakash Pipes, Indiabulls Real Estate and GMR Infra also hold shares in Jhunjhunwala's portfolio. These stocks have gained 11 to 14 per cent from the budget. Indiabulls shares have gained momentum with tax exemptions for one year to affordable housing projects. In the budget, GMR shares have got wings with emphasis on infrastructure.