Jubilant Life Sciences, Tata Communications in Rakesh Jhunjhunwala’s basket

Investor Rakesh Jhunjhunwala, known for spotting multi-baggers, has increased stakes in two firms and offloaded in one, the latest available shareholding data for the October-December quarter (Q3) shows.

In this quarter, Jhunjhunwala booked profit in information technology (IT) firm Firstsource Solutions (FSL) and raised his stake in pharmaceutical firm Jubilant Life Sciences.

His name figured as a minority shareholder in Tata Communications.

Jhunjhunwala, known as the Big Bull who invests both in his name and that of his wife, Rekha Jhunjhunwala, picked up a stake in Tata Communications during the third quarter.

According to the latest shareholding filed by the company, Rekha Jhunjhunwala held a 1.12 per cent stake, or 3.2 million shares, in Tata Communications at the end of Q3. As of September, her name did not appear among the shareholders.