Direction Study the information carefully and answer the questions given below There are 29 known co...........

Logical Reasoning(IBPS PO) Statement and Infrence

Direction: Study the information carefully and answer the questions given below.

There are 29 known companies where Big Bull Rakesh Jhunjhunwala holds at least one per cent stake. In June quarter, this ace investor stayed put on most of these counters, June quarter shareholding data showed. Jhunjhunwala, often referred to as Warren Buffett of Dalal Street, accumulated shares of Orient Cement and Lupin, but sat tight on

11 other counters during the quarter that saw money chase only select largecaps amid a major selloff in midcaps and smallcaps. Which of the following can belogically inferred from the statement above?

There are many other companies where the Big Bull holds marginal stakes, which often do not show up in the quarterly shareholding data, as companies report on shareholders who hold more than 1 per cent.

Jhunjhunwala bought fresh shares in Lupin to increase his holding.

One such company is Orient Cement, where the ace investor held 1.2 per cent stake at the end of June quarter, the same percentage he held at the end of December quarter.

Jhunjhunwala’s name did not figure in March quarter shareholding data of the company, making some investors speculate if the ace investor – who generally stays put on his
portfolio for the long term – had shunned the counter completely.

All can be inferred.

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Explanation:

The correct answer is option 2, i.e. Jhunjhunwala bought fresh shares in Lupin to increase his holding. Since, we don’t have any option as ‘None can be inferred’, thus, we must look for the option choice that is closest to the given statement. Options (a), (b) and (d) can be rejected as no information to back up the information stated in these options is
evident from the given information. All these options present new ideas about which no inference of any sort can be done. Option (b) is the most safest answer choice as in the statement, it is written that Jhunjhunwala accumulated shares of Orient Cement and Lupin which can be assumed to be the reason to increase his holding in the company.
Thus, we can infer option 2 to some extent from the given statement. Thus, the most appropriate answer is option 2.