Rahul Gandhi Earns Rs 46Lac Profit

Rahul Gandhi’s Stock Market Gains Amid Modi 3.0 Boom

As the Indian stock market continues to soar during the Modi 3.0 era, Rahul Gandhi, Leader of Opposition (LoP), has emerged as a beneficiary of this unprecedented growth. Despite frequently voicing concerns over the market’s rapid ascent, data reveals that Rahul Gandhi has made a significant profit of Rs 46.49 lakh from his stock investments over the last five months.

Calculation of Profits from Stock Investments

The profit calculation is based on the shares disclosed in the Lok Sabha nomination filed by Rahul Gandhi for the Rae Bareli constituency. According to the data, the value of  Rahul Gandhi’s stock portfolio increased from approximately Rs 4.33 crore on March 15, 2024, to nearly Rs 4.80 crore by August 12, 2024. This represents a substantial gain in a relatively short period, coinciding with the ongoing stock market boom.

Stocks in Rahul Gandhi’s Portfolio

Rahul Gandhi’s portfolio comprises around 24 stocks, including well-known companies such as Asian Paints, Bajaj Finance, Deepak Nitrite, Divis Labs, GMM Pfaudler, Hindustan Unilever, Infosys, ITC, TCS, Titan, Tube Investments of India, and LTIMindtree. Despite the overall profit, he is currently facing losses in four companies: LTI Mindtree, Titan, TCS, and Nestle India.

Interestingly, Rahul Gandhi’s portfolio also includes shares in smaller companies like Vertoz Advertising Ltd and Vinyl Chemicals. A notable corporate action in Vertoz Advertising Ltd led to an increase in the number of shares from 260 on March 15, 2024, to 5,200 by August 12, 2024, further boosting the overall value of his investments.

Stock Market Boom in Modi 3.0

The Indian stock market has witnessed a remarkable boom during the third term of Prime Minister Narendra Modi’s government. Both the Sensex and Nifty indices have reached new highs, breaking multiple records in recent months. The surge in the stock market is reflected in Rahul Gandhi’s growing portfolio, demonstrating how investors have benefited from the bullish trends.

Rahul Gandhi’s Call for a JPC Probe

Despite his financial gains, Rahul Gandhi remains critical of the stock market’s meteoric rise under Modi 3.0. In a video message on Sunday, he called for the Prime Minister to announce a Joint Parliamentary Committee (JPC) probe into the allegations against the Securities and Exchange Board of India (SEBI) chief, as raised by US short-seller Hindenburg. Rahul Gandhi expressed concern that the integrity of SEBI, the regulator responsible for safeguarding the wealth of small retail investors, had been compromised by the allegations against its Chairperson.

Investor Reactions and Market Stability

Despite the controversy, investors largely dismissed the latest allegations by Hindenburg, as the benchmark indices ended the day mostly flat on Monday. Sushil Kedia, Founder and CEO of Kedianomics, remarked that Hindenburg’s credibility had been questioned 18 months ago during the investigation into the Adani Group, which was closely monitored by the Supreme Court and found no wrongdoing. Kedia suggested that Hindenburg’s recent claims were an attempt to undermine confidence in the Indian stock market and erode the trust of retail investors.

Market Performance in 2024

Since the beginning of 2024, the Sensex has delivered returns of about 11 percent, while the Nifty has offered approximately 12 percent returns. These figures underscore the strength of the Indian stock market under Modi 3.0, attracting investors and leading to substantial gains in portfolios like that of Rahul Gandhi.

Conclusion

Rahul Gandhi’s profit of Rs 46.5 lakh from stock market investments over the past five months highlights the opportunities presented by the ongoing market boom during Modi 3.0. While the LoP remains a vocal critic of the market’s rapid rise and the issues surrounding regulatory oversight, his own financial gains underscore the benefits reaped by investors in this bullish environment. As the debate over the stock market’s growth continues, the interplay between political rhetoric and financial realities remains a focal point of public discourse.

Disclaimer:

The information provided in this article is based on publicly available data and is intended for informational purposes only. The views expressed do not necessarily reflect the opinions of the author or the platform. Readers are advised to conduct their own research  and consult with financial experts before making investment decisions.

 

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