Kolkata-based Baazar Style Retail, which is backed by ace investor Rekha Rakesh Jhunjhunwala, has filed a draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an IPO. The issue is a combination of a fresh equity sale worth Rs 185 crore and an (OFS) of 1.68 crore shares by promoters and … Read more
TAQA Looks to Bet Big on Adani’s Power Biz Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down on India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. Big … Read more
Shares of , the ‘crown jewel’ in late investor Rakesh Jhunjhunwala‘s portfolio, were in high demand today despite a weak market after the Tata Group company reported that its sales grew 18% YoY in Q2. Following the quarterly update, Titan rallied up to 5.8% to hit day’s high at Rs 2,744.30. Global brokerage JPMorgan, which … Read more
NEW DELHI: If somebody had asked Rakesh Jhunjhunwala ‘sir market ka kya lagta hai’, (How does the market seem), his typical response would have been – ‘the mother of all bull markets is coming’. The epitome of the eternal bull on Dalal Street has left the throne of ‘Big Bull’ empty with hardly any contenders … Read more
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
For millions of investors and traders across India and the rest of the world, Rakesh Jhunjhunwala was the ‘Big Bull’ of Dalal Street, but for those who knew him personally, he was just “Rakesh Bhaiya” – an overweight man with a big heart and short temper. Known for frank views on markets and making intuitive … Read more
Dalal Street legend Rakesh Jhunjhunwala died on Sunday. An established trader, renowned investor and a chartered accountant by profession, he entered the equity markets with just Rs 5,000 in 1985. On the day of his death, Jhunjhunwala’s net worth is estimated at $5.5 billion, roughly Rs 43,800 crore, making him the 36th richest person in … Read more
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: 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