Rakesh Jhunjhunwala is very bullish about commodity and metal stocks. He has been buying metal stocks heavily and has also recommended it on a number of ocassions.
He already has a number of commodity stocks in his portfolio. His latest pick is Nalco. As of 30th September, Jhunjhunwala holds 2,50,00,000 shares of NALCO which is equal to 1.36 per cent.
Nalco is a Navratna public sector undertaking (PSU) that produces aluminium. The government owns 51.28 per cent stake in the company. About 10 per cent is held by mutual funds, while foreign portfolio investors hold 15.22 per cent. HNIs hold 10.97 per cent and retail investors 5.89 per cent.
The stock has given multibagger gains with a return of about 200% in the last one year