reported a healthy set of quarterly results, especially on the Ebitda front, triggering a 3-4 per cent upgrade in estimates for FY23 earnings per share, and also upward revisions in the price targets, as analysts feel the Tata group company deserves premium valuations over its historical averages. For , Titan’s numbers were exceptional, with an … Read more
Domestic brokerages remain bullish on the , Rakesh Jhunjhunwala‘s largest banking bet, after a strong performance in the June quarter. The private lender, which had announced its earnings on Friday, reported a 63.53 per cent year-on-year (YoY) rise in net profit at Rs 600.66 crore compared with Rs 367.29 crore in the same quarter last … Read more
New Delhi: Ace investor Rakesh Jhunjhunwala likely exited the state-run aluminium miner () during the June 2022 quarter. According to the company’s latest filing, Jhunjhunwala’s name was missing from the key shareholders’ list as of June 30, 2022. Listed companies are obliged to release the name of shareholders holding one per cent or more stake … Read more
Shares of , Jhunjhunwala’s biggest stock holding in value terms, have tanked over 23 per cent from the recent highs which essentially puts the stock in bear territory. The stock hit a 52-week high of Rs 2,767.55 on March 21, 2022, and a 52-week low of Rs 1,661.85 on July 20, 2021. It closed at … Read more
New Delhi: After a steep decline, water treatment company has been on a high lately, thanks to strong order wins. The company is among ace investor Rakesh Jhunjhunwala‘s top bets as his better half Rekha Rakesh Jhujhunwala owned 50 lakh equity shares or an 8.04 per cent stake in the company as of March 31, … Read more
MUMBAI: Jubilant Ingrevia, a portfolio stock of Rakesh Jhunjhunwala, is being backed to set the Street alight over the next year as investors may rerate the stock because of its compressed valuations to peers despite high earnings per share growth potential. Brokerage firm Edelweiss Securities recently initiated coverage on the stock with a buy rating … Read more
NEW DELHI: Ace investor Rakesh Jhunjhunwala‘s biggest stock bet Titan Company added Rs 17,770 crore to its market capitalisation within 10 minutes into Thursday’s trading, taking the value of Jhunjhunwala’s stake in the company up by over Rs 850 crore. Titan shares hit a record high of Rs 2,347 on BSE, up 9.32 per cent, … Read more
MUMBAI: By all means, Calendar 2021 has turned out to be a strong year for India’s richest investor Rakesh Jhunjhunwala. The Big Bull has seen the value of his publicly-known portfolio rise 36.1 per cent in 2021 so far, outperforming the Nifty500 index, which has risen 30 per cent. Indian stocks are on a tear … Read more
MUMBAI: ‘Big Bull’ Rakesh Jhunjhunwala on Saturday said he has investments in private companies stretching to over a decade, and the returns he has made on his unlisted portfolio are higher than the one on listed firms. Jhunjhunwala, who is reported to be the largest individual investor in the domestic markets, also said the level … Read more