With contrasting personalities that often complemented each other, the eternal friendship between the two bulls on Dalal Street – Rakesh Jhunjhunwala and Radhakishan Damani – is no less memorable for investors than the Jai and Veeru partnership of ‘Sholay’ for Bollywood fans. Until separated by Jhunjhunwala’s death on Sunday morning, the duo sailed through many … 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: Foreign brokerage firm HSBC Global Research retained its positive view on , with a ‘buy’ call, and increased the target price on the counter. The brokerage said improvement in semiconductor supply should help Jaguar Land Rover (JLR) volumes going forward, disproportionately benefiting the cash flows. Semiconductor supply is likely to improve every month … 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