Congress may not have garnered enough votes to form the government after the election results, but Indian National Congress (INC) leader Rahul Gandhi’s equity market portfolio has been booming as markets zoomed to new record highs after the initial correction. The politician’s overall portfolio stood at Rs 4.56 crore as of June 14 and has gained 7.5% since June 04 when it stood at Rs 4.25 crore.
Though Rahul Gandhi called for a Joint Parliamentary to probe the crash on June 04 which he called “the biggest scam” in the history of India’s stock market, his portfolio has been yielding encouraging returns. Even as he alleged that Narendra Modi, Amit Shah, and Nirmala Sitharaman motivated people to “buy stocks before June 04 as markets will rise sky high,” the current value of his portfolio yielded significant returns 10 days after the election results.
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Rahul Gandhi’s portfolio value between March 15- June 14
On June 04, the stocks in Rahul Gandhi’s portfolio lost over Rs 20 lakh when compared to the value of the same stocks on March 15, 2024. Rahul’s Nifty 50 portfolio stood at Rs 2.78 crore against Rs 2.80 crore on March 15, a decline of more than Rs 2 lakh, or 0.7%, of the value. But currently, 10 days after the market recovery, the value of the same stocks is at Rs 4.56 crore.
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Based on the information from his election affidavit, Rahul disclosed that, as of March 15, his portfolio was valued at more than Rs 4.30 crore and included holdings in 25 stocks.
Suprajit Engineering up 12% in 1 year
Suprajit Engineering, a small-cap component play, is Rahul’s main holding, followed by ITC and ICICI Bank. Gandhi owns 4,068 shares of Suprajit Engineering, which are valued at more than Rs 16.65 lakh. Over the last 12 months, Gandhi has seen nearly 20% returns on this stock.
The other key stocks in his portfolio include Pidilite Industries, up 1.5% in the last 10 days, followed by Bajaj Finance clocking 12.8% gains between June 4 and 14, and Nestle India which saw smart 4.5% returns in 10 days.
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