Before and after Lok Sabha elections share market The mood changed quickly. While the stock market saw a record high after the exit poll results, the market fell sharply after the results and investors suffered losses. Sentiment fluctuates on these big market declines Congress MP Rahul Gandhi Alleged a big scam. But now that it has recovered and returned to its old form, investors have benefited. Rahul Gandhi’s portfolio has also given excellent returns of around 6%. According to the information given in the election affidavit, he has invested in different funds.
At market close on May 31, the aggregate market cap of BSE-listed companies stood at Rs 412 lakh crore. The stock market had a holiday on 1st and 2nd June. During this time, the exit polls came in which saw almost all the NDA giving around 350 seats. This led the market to hit a new record high on June 3 and the overall market cap of BSE listed companies was Rs. 425 lakh crore has become.
Source- NDTV Profit
On June 4, after the results came in contrary to expectations, the market plunged. Investors will get around Rs. 31 lakh crore was lost and the overall market cap was Rs. 394 lakh crore was done. However, after the recovery on 5, 6 and 7 June, the overall market cap of BSE listed companies increased to Rs. 423 lakh crore was done.
Impact on Rahul Gandhi’s shares!
According to Congress leader Rahul Gandhi’s election affidavit, he owns around 2 dozen shares. It also owns prominent stocks like Asian Paints, Bajaj Finance, Hindustan Aeronautics Limited (HUL), Nestle, Tata Consultancy Services (TCS) and ITC.
As on 31 May, the aggregate value of Rahul Gandhi’s portfolio was Rs. 4.08 crore and after the market closed on June 7, the overall value of Rahul Gandhi’s portfolio rose to Rs. 4.31 crore was done. This means that in just 5 trading sessions Rs. 23 lakhs increase, i.e. 5.72% increase in portfolio.
Source- NDTV Profit
Which stocks gained the most?
Rahul Gandhi has got shares in Garwar Technical Fibers Limited. On 31 May the share price was Rs. 3,469.55, which on June 7 rose to Rs. 4,062.80. That is a jump of 17.1% in 5 days. HUL rose 10.6% after this. However, Vertos advertising has declined by around 7%.
Source- NDTV Profit
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