Rakesh Jhunjhunwala wealth problem? What's that? This favorite stock made him poorer by 6% today, but another made him richer by 7%!

Today was a very good day for investors on Dalal Street, as the benchmark indices Sensex ended at 35,354.08 above 373 points or 1.07%, whereas Nifty 50 finished at 10,628.60 up by 101.85 points or 0.97%. Today's performance was quite interesting for ace investor Rakesh Jhunjhunwala, as two of his stocks were performing on opposite directions - one was soaring, the other plunging! Result? Notably, even on a bad day, this genius ace stock market investor ends up making money! From the stock movement it was seen that, one stock made the equity king poorer today, while other one made him rich. Let's find out which are these two companies that became boon and curse for Jhunjhunwala. 

To begin with it was once again NBFC-major Dewan Housing Finance which saw heavy selling pressure on today's trading session. The stock has plunged by overall 6% by touching an intraday low of Rs 219.20 per piece. However, the company ended at Rs 223.05 per piece below Rs 9.35 or 4.02%. 

DHFL has given sleepless nights to Jhunjhunwala, as according to TrendLyne data, the company has plunged by massive 62.68% in a year. 

Interestingly, over last few months, Jhunjhunwala played against all odds, and in spite of panick selling by many investors in DHFL stock price through this period, the ace investor himself made some hefty investments in it between July - September 2018 quarter. The investor increased his holding by another 0.43% in DHFL, and now has a total 3.19% stake in the company with 10,000,000 equity shares which are worth Rs 231.40 crore. 

However, in October month alone, DHFL has touched an all-time low of Rs 179 per piece. 

Despite the rumours and distress, DHFL is still seen as money making stock for Jhunjhunwala, as analysts are optimistic on the company.

Earlier, Keerthi S analysts at Chola Securities said, "We expect stock to recover, if 2QFY19 results are in line with management’s guidance. Healthy growth in loan book, improving cost of funds on account of change in borrowing mix, improving cost efficiency and stable asset quality paints a positive picture for DHFL, hence we maintain BUY rating and maintain the target price at Rs 743, assigning a P/ABV 2.1X of FY20E.”

DHFL although tumbled today, but has managed to bounce back by adding 19% return to Jhunjhunwala in one months time. 

Coming to the stock which gave hefty return to Jhunjhunwala. It would be VIP Industries which has given about 7% return to Jhunjhunwala by touching an intraday high of Rs 491.55 per piece. However, the stock ended at Rs 489.10 above Rs 28.25 or 6.13% on Sensex today. 

Jhunjhunwala in VIP holds about 3.69% stake with 5,215,000 equity shares worth Rs 240.9 crore. 

VIP has been a multibagger for Jhunjhunwala since the start of 2018. The company has risen by 14.39% in one month's time, but has given a whopping 33.52% return in one year to the ace investor. 

Well whether DHFL turns around its losses and bounces back its potential level will be keenly watched. How Jhunjhunwala gains from his key investment will be a treat to know by end of 2018.